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IVRCL has posted a huge loss of Rs 187.55 crore for the second quarter ended September 30, 2014 as against a loss of Rs 122.49 crore for the corresponding quarter last year.
The company had to absorb finance cost of Rs 163.71 crore for the quarter as against Rs.148.88 Cr in the same period of the previous year.
The total income from operations has seen a steep decline at Rs 611.49 crore as against Rs 1124.27 crore.
The infrastructure company posted a loss of Rs 345.57 crore for the first half ended September 30, 2014 as against Rs 210.97 crore for the same period last year after absorbing finance cost of Rs.324.06 crore as against Rs 276.80 crore in the corresponding period of the previous year.
The income from operations has seen a big fall to Rs 1,444.99 crore as against Rs 2,131.51 crore for the same period last year.
In a statement, the company said as on September 30, 2014 the company has an order book of Rs18,326 crore, including the orders in which company has been declared lowest (L1).
IVRCL shares closed at Rs 18.25, down 2.41 per cent.
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