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LITL Q1 revenue grows 87%

Source : IBNS
Last Updated: Tue, Aug 14, 2012 13:21 hrs

Gurgaon, Aug 14 (IBNS) Leading Indian business conglomerate Lanco Infratech Limited (LITL) has announced growth of 87% in revenue for quarter ended Q1FY13 at Rs 3495.7 crore.

Financial Highlights:

o LITL achieved a YoY 87% growth in revenue for the quarter from 18,672 Mn to 34,957 Mn.

o LITL achieved a YoY drop in PAT for the quarter from 138 Mn to - 4,412 Mn.

o PAT including profit-Eliminated saw a decrease of 264% for the quarter from 2,350 Mn to -3,860 Mn.

o LITL achieved a drop of 62% in Cash profit for the quarter from 2,832 Mn to 1, 068 Mn.

Main Reasons for Loss:

o Forex Loss of Rs.2,302 Mn

o Under performance by Anpara Rs.1,430 Mn

o Under performance by Griffin Rs.1,492 Mn

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