Latest News | Jaypee Infratech Posts Rs 491.6 Cr Loss in March Quarter

New Delhi, Jun 22 (PTI) Debt-laden realty firm Jaypee Infratech Ltd has posted a consolidated net loss of Rs 491.60 crore for the quarter ended March 2021.

The company had reported a net loss of Rs 940.53 crore in the year-ago period, it said in a regulatory filing.

Total income fell to Rs 247.44 crore in the fourth quarter of 2020-21 from Rs 384.99 crore in the corresponding period of the previous year.

For the full fiscal 2020-21, Jaypee Infratech clocked a net loss of Rs 1,963.39 crore as against Rs 2,250.09 crore in the previous year.

Total income declined to Rs 804.18 crore from Rs 1,882.36 crore in the 2019-20 fiscal.

Jaypee Infratech is under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC).

State-owned NBCC and Suraksha group are in the race to acquire Jaypee Infratech.

(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)