IL&FS Transportation Networks has reported results for second quarter ended September 30, 2016.
The company has reported 46% fall in its net profit at Rs 57.06 crore for the quarter under review as compared to Rs 105.67 crore for the same quarter in the previous year. Total income of the company decreased by 15.95% at Rs 1128.88 crore for the quarter under review as compared Rs 1343.09 crore for the corresponding quarter previous year.
IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis.
