Embassy Developments loss widens to Rs 271cr in Q2, revenue falls to Rs 311 cr

New Delhi, Nov 4 (PTI) Realty firm Embassy Developments Ltd has reported a consolidated net loss of Rs 271.2 crore for the quarter ended September on lower income.

Its net loss stood at Rs 152.61 crore in the year-ago period.

Total income fell to Rs 311.17 crore in the second quarter of this fiscal from Rs 536.9 crore in the corresponding period of the preceding year, according to a regulatory filing on Tuesday.

During the April-September period of this fiscal, the company has posted a net loss of Rs 505.6 crore as against a net loss of Rs 318.26 crore in the year-ago period.

Total income fell to Rs 552.45 crore in the first six months of this fiscal from Rs 1,230.95 crore in the corresponding period of the preceding year.

Embassy Developments Ltd

is one of the leading real estate developers in the country.

The company has a presence in Bengaluru, Mumbai Metropolitan Region (MMR), Delhi-NCR, Chennai and Indore.

Embassy Developments is part of the Embassy Group, which has delivered more than 100 million sq ft of real estate spaces. PTI MJH HVA