JP Associates Q2 net loss widens to Rs 781.2 crore

Infrastructure firm JP Associates today reported widening of net loss on standalone basis to Rs 781.2 crore for the quarter ended on September 30, 2016.
The company had posted a net loss of Rs 547.22 crore in the same period a year ago.
Total income from operations of JP Associates declined by about 44 per cent to Rs 1,419.86 crore in the reported quarter from Rs 2,540.8 crore a year ago.
Shares of the company closed at Rs 7.87 per unit, down by 0.13 per cent compared to previous close, at BSE on Friday.