Lanco Infratech reports net loss of Rs 8.24 crore in Q4

30 May 2012

Lanco Infratech has reported results for the quarter and year ended March 31, 2012.

The company has posted a net loss of Rs 8.24 crore for the fourth quarter ended March 31, 2012 as compared to net profit of Rs 27.65 crore for the same quarter previous year. However, the total income has increased by 59.10% to Rs 2591.05 crore for the quarter under review from Rs 1628.59 crore for the corresponding quarter of the previous year.

For the year ended March 31, 2012, the company’s net profit declined by 58.44% to Rs 115.67 crore as compared to Rs 278.32 crore for the previous year. However, the company’s total income has increased by 48.15% to Rs 8669.25 crore for the year from Rs 5851.59 crore in the previous year.

On consolidated basis, the Group’s net loss after taxes, minority interest and share stood at Rs 112.04 crore for the year under review as compared to net profit of Rs 446.07 crore for the period ago. However, its total income has increased by 29.23% to Rs 10286.57 crore for the year ended March 31, 2012 from Rs 7959.80 crore in the previous year.

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