IL&FS Engineering narrows net loss to Rs 6.55 cr in Sept quarter

By: |
November 15, 2021 7:00 PM

The engineering arm of the troubled IL&FS Group had reported a total consolidated net loss after exceptional items and tax at Rs 73.16 crore for the corresponding quarter of the previous fiscal, the company said in a BSE filing.

IL&FSWith this transaction, over 200 employees within these companies would also now shift with the company to the new promoter. (File)

IL&FS Engineering on Monday reported narrowing of consolidated net loss to Rs 6.55 crore for the quarter ended September 2021.

The engineering arm of the troubled IL&FS Group had reported a total consolidated net loss after exceptional items and tax at Rs 73.16 crore for the corresponding quarter of the previous fiscal, the company said in a BSE filing.

Its total consolidated income from operations during July-September 2021 stood at Rs 135.43 crore, against Rs 77.65 crore in the year-ago period.

The company’s expenses were at Rs 141.98 crore, compared with Rs 103.23 crore a year ago.

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