NEW DELHI :
Debt ridden Jaypee Infratech Monday said its net loss narrowed to ₹326.64 crore in the third quarter ended December 31.
The company, which is undergoing Corporate Insolvency Resolution Process, had reported a net loss of ₹361.28 crore in the October-December quarter of the previous fiscal.
Last year, the National Company Law Tribunal (NCLT) had admitted the application by an IDBI Bank-led consortium, seeking resolution for JIL under the Insolvency and Bankruptcy Code.
During the period under review, its total income rose sharply to ₹338.85 crore, as against ₹59.91 crore in the corresponding quarter last fiscal.
Its total expenses also increased to ₹665.49 crore from ₹421.19 crore in the year-ago period.
"The standalone results of the Company comprise of only one segment i e Yamuna Expressway Project, an integrated project which inter-alia includes construction, operation and maintenance of Yamuna Expressway and rights for land development of 25 million sq mtrs along the expressway," Jaypee Infratech said in a regulatory filing.
This story has been published from a wire agency feed without modifications to the text.