IVRCL narrows Q2 net loss to Rs 394 cr

IVRCL on Friday reported a standalone net loss of Rs 394.43 crore for the second quarter ended September. The company had posted a net loss of Rs 443.03 crore in the corresponding quarter of the previous fiscal, IVRCL said in a BSE filing.

Total income during July-September declined to Rs 115.32 crore, as against Rs 245.35 crore in the year-ago period. Total expenses declined to Rs 502.88 crore during the quarter as against Rs 590.12 crore earlier.