Business »  Topic »  IL&FS posts Rs 22,527 cr net loss in FY19, revenue dips 52.5% to Rs 824 cr

IL&FS posts Rs 22,527 cr net loss in FY19, revenue dips 52.5% to Rs 824 cr


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Infrastructure Leasing & Financial Services (IL&FS), whose defaults on its payment obligations led to a liquidity crisis in the shadow banking sector, has posted a staggering net loss of Rs 22,527 crore in 2018-19 (FY19) on a standalone basis, as against a net profit of Rs 333 crore in the previous year, according to the company.

The company’s revenue declined 52.5 per cent to Rs 824 crore in FY19 from Rs 1 ...


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