Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessEarnings

Ansal Properties and Infrastructure posts Rs 210 crore loss in Q4 FY20

Total income fell to Rs 406.98 crore in the fourth quarter last fiscal, from Rs 461.54 crore in the same period a year ago, according to a regulatory filing.

July 31, 2020 / 02:31 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Crisis-hit realty firm Ansal Properties and Infrastructure on Friday reported a consolidated net loss of Rs 209.96 crore for the fourth quarter ended March 2020. It had posted a net loss of Rs 25.12 crore in the year-ago period.

Total income fell to Rs 406.98 crore in the fourth quarter last fiscal, from Rs 461.54 crore in the same period a year ago, according to a regulatory filing.

During the full 2019-20 fiscal, the company posted a net loss of Rs 261.15 crore as against a net loss of Rs 140.24 crore in the previous year.

Total income increased to Rs 1,145.25 crore last fiscal, compared to Rs 824.39 crore in the 2018-19.

Ansal Properties has huge borrowings from several banks. Some of the banks loans have turned non-performing assets (NPA).

PTI
first published: Jul 31, 2020 02:25 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347