L&T Infra Credit announces standalone net loss of Rs 17.48 crore in March 2022 quarter

Sales fell by 25.31% to Rs 160.84 crore

L&T Infra Credit net loss reported at Rs 17.48 crore in quarter ended March 2022 vs. net loss of Rs 31.89 crore in previous quarter ended March 2021. Sales decreased by 25.31% at Rs 160.84 crore in the quarter ended March 2022 compared to Rs 215.35 crore in the previous quarter ended March 2021.

For the full year, net profit decreased by 93.50% to Rs 4.11 crore in the year ended March 2022 from Rs 63.23 crore in the previous year ended March 2021. Sales decreased by 18.26% to Rs 728.93 crore in the year ended March 2022 from Rs 891.77 crore in the previous year ended March 2021.

DetailsQuarter endedYear endedMarch 2022March 2021% Var.March 2022March 2021% Var.Sales160.84215.35 -25 728.93891.77 -18 OPM %86.5599.30 92.1296.76 PBDT-17.8240.72 PL 11.08159.19 -93 PBT-17.8540.72 PL 11.00159.16 -93 PN-17.48-31.89 45 4.1163.23 -93

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First published: Wednesday, April 27, 2022. 3:33 PM IST

Ann J. Cox