Lanco Infratech’s (LITL) consolidated net loss widened to ₹ 448.88 crore during the quarter ended June 30, 2016.
The company had posted consolidated net loss after taxes, non controlling interest and share of loss associates of ₹ 316.52 crore in the corresponding quarter of previous fiscal, Lanco Infratech said in a statement.
The total income from operations (net) during the quarter increased to ₹ 1,940.35 crore, over ₹ 1,638.14 crore in the year—ago period, it said.
Lanco is present in five sectors —— power, solar, natural resources, infrastructure and property development.
The EPC sector and the power sector together contributed to 86 per cent of the gross revenues. Power sector contributed to 69 per cent of the gross revenues.
Lanco Infratech’s projects, both operational and under construction and development, are spread across India. At present, the power portfolio includes an installed capacity of 3,465 MW and another 5,956 mw under various stages of construction and development.
Published on September 10, 2016
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.