Lanco reports Rs 31.6 crore loss in Jan-March quarter
   
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Lanco reports Rs 31.6 crore loss in Jan-March quarter

Last Updated: Thursday, May 30, 2013, 13:20
 
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Lanco reports Rs 31.6 crore loss in Jan-March quarter
New Delhi: Diversified group Lanco Infratech on Friday posted a loss of Rs 31.6 crore in the three months ended March 31, 2013.

Lanco had a profit of Rs 72.7 crore in the year-ago period.

The company is into power generation and road projects, among others.

The reported revenue stood at Rs 3,569.6 crore in the fourth quarter of the last fiscal. The same stood at Rs 3,376.2 crore in the same period a year ago.

During the fourth quarter, it incurred a forex loss of Rs 16.7 crore, according to a company statement.

For the full year ended March 2013, Lanco recorded a loss of Rs 1,073.3 crore. In the comparable period, the loss was lower at Rs 112 crore.

The group's net debt touched Rs 33,593.5 crore at the end of March 2013.

PTI



First Published: Thursday, May 30, 2013, 13:20


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