Live
- Harish Rao challenges Congress govt. to implement loan waiver by August 15
- German far-right's top EU candidate to carry on despite aide's arrest
- Metal, PSU stocks lead market gains
- Congress ready to set 'dangerous precedent' by implementing Inheritance Tax: PM Modi
- Countdown starts for polling for 14 LS seats in K'taka, public campaigning to end today
- Where are the two crore jobs that were promised, asks Congress chief Kharge as Kerala prepares to vote
- Ericsson, IIT Kanpur's tech incubator F.I.R.S.T to drive financial solution innovations
- WhatsApp Update: Admins Can Soon Hide Specific Groups From Comunity List
- Massive Rally Held in Southern Constituency as Jana Sena, TDP and BJP Unite for Election Campaign
- Former MLA Gouru Charitha Reddy Holds Road Show and Meeting Program Ahead of General Elections
IL&FS records over 22,000 cr loss in FY19
Crisis-ridden IL&FS on Wednesday reported a net standalone loss of Rs 22,527 crore for the financial year 2018-19, compared to a net profit of Rs 333 crore during the previous year.
Mumbai: Crisis-ridden IL&FS on Wednesday reported a net standalone loss of Rs 22,527 crore for the financial year 2018-19, compared to a net profit of Rs 333 crore during the previous year.
In a statement, the cash strapped lending major said: "The Board adopted prudent provisioning on loans/impairment of investments, and took a conservative view on fair market value and recovery estimates."
The company posted total revenue of Rs 824 crore during the period under review, as against Rs 1,734 crore in the previous year, it said. As on March 31, 2019, total assets of the company stood at Rs 4,148 crore, as against Rs 23,868 crore as on March 31, 2018, while total liabilities by the end of FY 2018-19 stood at Rs 21,083 crore, as against Rs 18,276 crore a year ago.
