JP Associates Q4 net loss widens to Rs 1,387 crore

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New Delhi | Published: May 28, 2016 10:22:35 PM

Infrastructure firm JP Associates today reported widening of its standalone net loss to Rs 1,387.3 crore for the fourth quarter ended March 31, 2016.

The income of JP Associates on standalone basis declined to Rs 1,906.16 crore in the quarter under review from Rs 2,566.08 crore, a year ago. The income of JP Associates on standalone basis declined to Rs 1,906.16 crore in the quarter under review from Rs 2,566.08 crore, a year ago.

Infrastructure firm JP Associates today reported widening of its standalone net loss to Rs 1,387.3 crore for the fourth quarter ended March 31, 2016.

The company posted a net loss of Rs 858.07 crore in the same period, a year ago.

The income of JP Associates on standalone basis declined to Rs 1,906.16 crore in the quarter under review from Rs 2,566.08 crore, a year ago.

For the entire 2015-16, the consolidated net loss of the company widened to Rs 3,345 crore from Rs 1,735.1 crore in 2014-15.

There was dip of about 12 per cent in the company’s consolidated income to Rs 17,321.26 crore at the end of 2015-16 as against Rs 19,665.81 crore in the previous fiscal.

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