Era Infra Engineering posts Rs 123.9 cr loss for Oct-Dec

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SummaryNet sales of the company in the October-December period this fiscal came down to Rs 578.38 crore...

Era Infra Engineering today reported a loss of Rs 123.93 crore for the quarter ended December 31.

The company had reported a net profit of Rs 26.89 crore in the corresponding quarter of the last fiscal, the company said in filing to the BSE stock exchange.

Net sales of the company in the October-December period this fiscal came down to Rs 578.38 crore, over Rs 1,160.05 crore in the same quarter of the previous financial year.

Total expenditure of Era Infra Engineering dropped to Rs 577.73 crore, over Rs 968.66 crore in the same period last fiscal, it said.

The main business of the company comprise contracts, energy, equipment hiring and trading.

Shares of the company closed at Rs 14.04 apiece on BSE, down 0.78 per cent from the previous close.

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