IL&FS reports standalone loss of Rs 13,275 crore in FY19
IL&FS Financial Services (IFIN) reported a net loss on a standalone basis of Rs 13,274.52 crore in the financial year 2018-19, compared with a profit of Rs 9.5 crore in the previous financial year.
The company’s exposure to non-performing assets, expressed as “Stage 3” assets, increased to Rs 12,429.64 crore, compared with an exposure of Rs 2,249.98 crore in FY18.
