Jaypee Infratech, a part of Jaypee group of companies, saw business dipping in the third quarter as its net loss widened to Rs 41.39 crore during October-December period of 2016. “The infrastructure major had posted the net loss of Rs 25.33 crore in the corresponding quarter of previous fiscal, said Jaypee Infratech in a filing to Bombay Stock Exchange on Monday. The total revenue from operation declined more than half to Rs 317.53 crore in Q3 FY17, from Rs 752.21 crore in Q3 FY16. In the quarter under review, the other income of the company fell sharply by 89.4 per cent to Rs 0.39 crore from Rs 3.69 crore in the same period last year. Weighed down by Q3 earnings, shares of the company closed trade at Rs 9.80 apiece, down 4.95 percent, on the BSE on Monday.Equity Tips, Jaypee Infratech Q3 Loss Widens To Rs 41.4 cr
Jaypee Infratech, a part of Jaypee group of companies, saw business dipping in the third quarter as its net loss widened to Rs 41.39 crore during October-December period of 2016. “The infrastructure major had posted the net loss of Rs 25.33 crore in the corresponding quarter of previous fiscal, said Jaypee Infratech in a filing to Bombay Stock Exchange on Monday. The total revenue from operation declined more than half to Rs 317.53 crore in Q3 FY17, from Rs 752.21 crore in Q3 FY16. In the quarter under review, the other income of the company fell sharply by 89.4 per cent to Rs 0.39 crore from Rs 3.69 crore in the same period last year. Weighed down by Q3 earnings, shares of the company closed trade at Rs 9.80 apiece, down 4.95 percent, on the BSE on Monday.
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