State-run engineering firm on Saturday reported a consolidated net loss of Rs 217.86 crore for the October-December quarter due to lower revenues.
The consolidated net profit of the firm was Rs 161.81 crore in the quarter ended on December 31, 2019, a BSE filing stated.
Total income of the company dipped to Rs 4,532.39 crore in the quarter from Rs 5,827.74 crore in the same period a year ago.
About the impact of pandemic, the company said, “During the quarter, the group operations recovered as compared to Q2/20-21 (second quarter this fiscal), but pre-COVID level of operations are yet to be achieved.
“Based on its assessment of business/economic conditions as on date, the company expects to recover the carrying value of its assets.”
