Ramky Infrastructure Ltd has posted a loss of Rs 149.72 crore for the third quarter ended December 31, 2014 against a loss of Rs 133.31 crore in the corresponding quarter last year.
The Hyderabad-based infrastructure company's revenues were down at Rs 446.95 crore during the third quarter against Rs 572.26 crore in the same period last year.
The company's performance has been impacted mainly due to high interest costs cutting down on its profitability and also due to slower pace of project implementation due to various external issues such as delays in securing clearances.
For the nine months ended December 31, 2014, the company posted a loss of Rs 431.85 crore and a turnover of Rs 1148.80 crore against a loss of Rs 239.48 crore and an income of Rs 1,805.90 crore in the same period previous year.
The company has initiated debt restructuring under joint lenders forum with a consortium of banks.