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.
>rishikumar.vundi@thehindu.co.in
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.