DB Realty's Q2 Loss Widens to Rs 16.75 Cr

DB Realty Friday reported a standalone loss of Rs 16.75 crore for the second quarter of this fiscal.

New Delhi, Oct 26 (PTI) DB Realty Friday reported a standalone loss of Rs 16.75 crore for the second quarter of this fiscal.

Its net loss stood at Rs 12.39 crore in the year-ago period, the Mumbai-based developer said in a regulatory filing.

Revenue from operations declined to Rs 20.67 lakh during July-September quarter from Rs 2.44 crore in the corresponding period of the previous year.

However, total income rose to Rs 24.42 crore from Rs 10.42 crore during the period under review.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)

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