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IVRCL narrows Q2 net loss to Rs 394 cr

November 16
06:56 2019

IVRCL on November 15 reported a standalone net loss of Rs 394.43 crore for the second quarter ended September. The company had posted a net loss of Rs 443.03 crore in the corresponding quarter of the previous fiscal, IVRCL said in a BSE filing.

Total income during July-September declined to Rs 115.32 crore, as against Rs 245.35 crore in the year-ago period.

Total expenses declined to Rs 502.88 crore during the quarter as against Rs 590.12 crore earlier.Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.

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