Lanco Infratech Q3 loss widens to Rs 616.6 crore

NEW DELHI: Lanco Infratech today reported widening of net loss in the third quarter ended December 2014 to Rs 616.6 crore.

The company had posted a loss of Rs 529.7 crore during the corresponding quarter of the previous year, it said in a BSE filing.

Lanco Infratech's gross revenue was down 13 per cent in the third quarter at Rs 2,253.1 crore as against Rs 2,588.5 crore in the corresponding quarter of last fiscal, it said in a BSE filing.

Lanco Infratech's scrip was down 0.17 per cent at Rs 6.04 apiece in the afternoon trade on the BSE.

The company's performance was adversely hit due to lower plant load factor in power plants hit by fuel supply, lower pace of EPC project implementation and high interest rates and payments.

The company has an engineering, procurement and construction (EPC) order book of Rs 29,463.8 crore which includes internal projects.