IL&FS Engg Q1 loss rises

V. Rishi Kumar Hyderabad | Updated on March 12, 2018 Published on August 14, 2012

Hyderabad, Aug 14 IL&FS Engineering and Construction Company Ltd (formerly Maytas Infra Ltd) has posted a loss of Rs 34.22 crore for the first quarter ended June 30, 2012 against a loss of Rs 14.10 crore in the corresponding quarter last year.

However, the revenues stood at Rs 359.41 crore against Rs 250.88 crore.

The board has decided to extend the financial year of the company by six months. This move comes in the wake of the Scheme of Arrangement undertaken by the company to restructure its capital.

The capital restructure process is awaiting the approval of Andhra Pradesh High Court.

In the Limited Review Report, Auditors S.R.Batliboi & Associates have carried forward certain qualifications including inter corporate deposits of Rs 343.78 crore.

The company shares were quoting flat at Rs 51 during the day’s trade.

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Published on August 14, 2012
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