After a wait of more than a year, IL&FS Construction and Engineering has disclosed its December 2018-ended quarter results. <\/p>\n
The company has reported profits of Rs 34.4 crore, a huge rise when compared to Rs 32 lakh in profits it posted in the December 2017-ended quarter. <\/p>\n
Revenues came in at Rs 300 crore, a 34.7 per cent dip when compared to revenues of Rs 459.5 crore it posted in the December 2017-ended quarter. <\/p>\n
The above numbers are standalone results as IL&FS has committed a massive fraud and is under investigation by the government. These numbers have been reviewed by the audit committee and approved by the Board of Directors, head by banker Uday Kotak. <\/p>\n
As on December 2018, IL&FS has provisioned exceptional items amounting to Rs 1,640 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"
After a wait of more than a year, IL&FS Construction and Engineering has disclosed its December 2018-ended quarter results. The company has reported profits of Rs 34.4 crore, a huge rise when compared to Rs 32 lakh in profits it posted in the December 2017-ended quarter. Revenues came in at Rs 300 crore, a 34.7 per cent dip when compared to revenues of Rs 459.5 crore it posted in the December 2017-ended quarter. The above numbers are standalone results as IL&FS has committed a massive fraud and is under investigation by the government. These numbers have been reviewed by the […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-301802","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=301802"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301802\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=301802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=301802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=301802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}