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IL&FS reports ₹22,527 cr. net loss for FY19

December 04, 2019 10:24 pm | Updated 10:25 pm IST - MUMBAI

PTI
A logo of IL&FS (Infrastructure Leasing and Financial Services Ltd.) is seen on a building at its headquarters in Mumbai March 25, 2015. India's Infrastructure Leasing & Financial Services Ltd (IL&FS) plans to more than triple its power generation capacity in five years, a top executive said, betting on demand for renewable energy sources like wind and solar in Asia's third-largest economy. REUTERS/Shailesh Andrade

A logo of IL&FS (Infrastructure Leasing and Financial Services Ltd.) is seen on a building at its headquarters in Mumbai March 25, 2015. India's Infrastructure Leasing & Financial Services Ltd (IL&FS) plans to more than triple its power generation capacity in five years, a top executive said, betting on demand for renewable energy sources like wind and solar in Asia's third-largest economy. REUTERS/Shailesh Andrade

Infrastructure Leasing & Financial Services (IL&FS) reported a standalone net loss of ₹22,527 crore for the fiscal to March 2019, as against ₹333 crore in the previous fiscal. It reported a revenue of ₹824 crore, down from the ₹1,734 crore in the previous year.

This is the first earnings announcement after the government sacked its board in October last year.

As of end March 2019, total assets stood at ₹4,148 crore, a pale shadow of ₹23,868 crore year-ago. Liabilities rose to ₹21,083 crore from ₹18,276 crore.

As of October 8, 2018, the group has an external fund-based debt of ₹94,216 crore and an additional non-fund based debt of ₹5,139 crore.

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