Embassy Developments Q3 Loss Widens to Rs 234 Cr
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Embassy Developments Ltd reports a consolidated net loss of Rs 233.71 crore for Q3, compared to Rs 26.54 crore last year. Income also fell.
Photograph: Amit Dave/Reuters
New Delhi, Feb 9 (PTI) Realty firm Embassy Developments Ltd on Monday reported a consolidated net loss of Rs 233.71 crore for the quarter ended December.
The company had posted a net loss of Rs 26.54 crore in the year-ago period.
Total income also fell to Rs 264.01 crore in the third quarter of this fiscal from Rs 329.13 crore in the corresponding period of the preceding year, according to a regulatory filing.
Embassy Developments Ltd (formerly Indiabulls Real Estate Ltd) is one of the leading real estate developers in the country. It develops residential and commercial projects in Bengaluru, Mumbai Metropolitan Region (MMR), and National Capital Region (NCR), Chennai and Indore.
The company had posted a net loss of Rs 26.54 crore in the year-ago period.
Total income also fell to Rs 264.01 crore in the third quarter of this fiscal from Rs 329.13 crore in the corresponding period of the preceding year, according to a regulatory filing.
Embassy Developments Ltd (formerly Indiabulls Real Estate Ltd) is one of the leading real estate developers in the country. It develops residential and commercial projects in Bengaluru, Mumbai Metropolitan Region (MMR), and National Capital Region (NCR), Chennai and Indore.
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