Lanco Infratech reports Rs 32 cr loss in Q4

The reported revenue stood at Rs 3,569.6 crore in the fourth quarter of the last fiscal.

FP Archives|Dec 20, 2014, 21:19:38 IST

New Delhi: Diversified group Lanco Infratech today posted a loss of Rs 31.6 crore in the three months ended 31 March, 2013.

Lanco had a profit of Rs 72.7 crore in the year-ago period.

The company is into power generation and road projects, among others.

[caption id="attachment_827651" align="alignright" width="380"] Reuters[/caption]

The reported revenue stood at Rs 3,569.6 crore in the fourth quarter of the last fiscal. The same stood at Rs 3,376.2 crore in the same period a year ago.

During the fourth quarter, it incurred a forex loss of Rs 16.7 crore, according to a company statement.

For the full year ended March 2013, Lanco recorded a loss of Rs 1,073.3 crore. In the comparable period, the loss was lower at Rs 112 crore.

The group's net debt touched Rs 33,593.5 crore at the end of March 2013.

US jobless claims fall to 187,000, signalling resilient labour market ahead of Fed meeting

US jobless claims fall to 187,000 as strong labour market reinforces Fed's inflation focus

1 min read

NDTA asks Connaught Place shops, offices and restaurants to close by 6:30 pm today

NDTA says move follows advisory from NDMC Chairman and Vice Chairman amid prevailing security situation in Connaught Place

1 min read

EU slaps Google with $1 billion antitrust fine over Play Store and Search practices

European Commission says Google unfairly favoured its own services on Search and the Play Store, violating the Digital Markets Act; the company calls the decision harmful to businesses and consumers.

1 min read

Brent crude flirts with $100, reigniting inflation and forex concerns for India

Experts say a prolonged rally above $100 per barrel is unlikely, but sustained high oil prices could push up inflation, widen the current account deficit and pressure the rupee.

2 min read

Can a record May offset a shrunk international schedule and help IndiGo turn a profit?

Record domestic market share boosts operating performance, but forex losses, rising oil prices and geopolitical disruptions could weigh on IndiGo's bottom line.

3 min read

Up Next

Lanco Infratech reports Rs 32 cr loss in Q4

Tags

US jobless claims fall to 187,000, signalling resilient labour market ahead of Fed meeting

NDTA asks Connaught Place shops, offices and restaurants to close by 6:30 pm today

EU slaps Google with $1 billion antitrust fine over Play Store and Search practices

Brent crude flirts with $100, reigniting inflation and forex concerns for India

Can a record May offset a shrunk international schedule and help IndiGo turn a profit?