Lanco Infratech reports consolidated net loss of Rs 441.15 crore in Q1

Lanco Infratech has reported results for first quarter ended June 30, 2012.

The company has reported net loss of Rs 47.39 crore for the quarter under review as compared to a net profit of Rs 82.70 crore for the same quarter in the previous year. The total income from operation of the company has decreased by 8.08% at Rs 1600.76 crore for Q1FY13 as compared Rs 1741.55 crore for the corresponding quarter previous year.

On the consolidated basis, the group has reported net loss of Rs 441.15 crore for Q1FY13 as compared to a net profit of Rs 13.77 crore for Q1FY12. However, the total income from operation of the group has increased by 86.54% at Rs 3527.84 crore for Q1FY13 as compared Rs 1891.21 crore for the corresponding quarter previous year.