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IL&FS Transportation Networks reported first quarter financial result for the current fiscal year with a net standalone loss of Rs. 248 crores as against the net profit of Rs. 24.71 crores during the previous year June-end quarter period. It also recorded a net standalone revenue of Rs. 806.5 crores posting a 7.6% increase as against Rs. 749 crores amounted during the Q1 FY18.
Although IL&FS Transportation Networks total Consolidated revenue was reported at Rs. 2548 crores in the quarter under review posting a strong growth of 71.6% hike in comparison to Rs. 1484 crores revenue earned during the previous year June-end period.
Whereas the company’s net consolidated profit stood at Rs. 57 crores in the Q1 FY19 reporting a slight decrease in profit level as against Rs. 63.7 crores posted in the June-end quarter of the previous fiscal year.
Its total expenses also rose to Rs. 1321 crores during the quarter under review versus the Rs. 962 crores incurred during the corresponding quarter of the previous year.
