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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