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IL&FS reports Rs 22,527 crore loss for FY19, revenue plunges 47%

image MUMBAI: Cash-strapped Infrastructure Leasing & Financial Services (IL&FS) on Wednesday reported a standalone net loss of Rs 22,527 crore for the fiscal to March 2019, as against Rs 333 crore in the previous fiscal.

The scam-ridden infra lending major reported revenue of Rs 824 crore, massively down from Rs 1,734 crore in the previous year.

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