Ansal Housing’s net loss widens to Rs 2.68 crore in Q1 FY19
Ansal Housing has reported a net loss of Rs 2.68 crore in the quarter ended June 2018. The company had reported a net loss of Rs 2.14 crore in the similar quarter previous fiscal.
The company’s net income stood at Rs 41.18 crore in Q1 FY19 as against Rs 58.96 crore it reported in the corresponding quarter last year.
“Due to the application of lnd AS 115 for the period ended June 30, 2018, revenue from operations is higher by Rs 66.79 lakh and net loss after tax is lower by Rs 412.95 lakh, vis-a-vis the amounts if the standards replaced continued to be applicable,” the company said in a BSE filing.