Lanco Infratech Limited reported unaudited consolidated and standalone earnings results for the second quarter and six months ended September 30, 2016. On consolidated basis, for the quarter, the company reported total income from operations of INR 20,168.2 million against INR 27,019.3 million a year ago. Profit from operations before other income, foreign exchange fluctuations, finance costs, prior period items and exceptional items was INR 2,405.4 million compared to INR 10,149.0 million a year ago. Loss from ordinary activities before tax was INR 2,767.3 million compared to profit of INR 2,361.9 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 0.98 against profit of INR 0.48 a year ago. Net loss after taxes, minority interest and share of associates was INR 2,583.1 million compared to profit of INR 1,170.5 million a year ago. Gross revenue was INR 23,988 million against INR 35,384 million for the same period a year ago. Adjusted EBITDA declined by 57% to INR 5,255 million from INR 12,302 million in second quarter of fiscal 2016. On consolidated basis, for the six months, the company reported total income from operations of INR 37,448.1 million against INR 42,714.0 million a year ago. Profit from operations before other income, foreign exchange fluctuations, finance costs, prior period items and exceptional items was INR 5,050.7 million compared to INR 11,505.2 million a year ago. Loss from ordinary activities before tax was INR 6,946.3 million compared to INR 734.5 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 2.62 against INR 0.82 last year. Net loss after taxes, minority interest and share of associates was INR 7,071.9 million compared to INR 1,992.1 million a year ago. Gross revenue was INR 43,835 million against INR 352,031 million for the same period a year ago. Adjusted EBITDA declined by 33% to INR 10,546 million from INR 15,739 million in second quarter of fiscal 2016. On standalone basis, for the quarter, total income from operations was INR 4,790.3 million against INR 11,115.4 million last year. Profit from operations before other income, foreign exchange fluctuations, finance costs and exceptional items was INR 584.2 million compared to INR 2,167.7 million a year ago. Loss from ordinary activities before tax was INR 1,506.3 million compared to profit of INR 52 million a year ago. Net loss for the period was INR 1,506.3 million compared to profit of INR 52 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 0.56 against profit of INR 0.02 last year. Gross revenue declined by 57% to INR 4,900 million from INR 11,266 million for the same period a year ago. Adjusted EBITDA declined by 64% to INR 929 million from INR 2,590 million in second quarter of fiscal 2016. On standalone basis, for the six months, income from operations was INR 8,224.3 million against INR 13,500.7 million last year. Profit from operations before other income, foreign exchange fluctuations, finance costs and exceptional items was INR 1,544.7 million compared to INR 2,064.8 million a year ago. Loss from ordinary activities before tax was INR 2,784.0 million compared to INR 908.2 million a year ago. Net loss for the period was INR 2,784.0 million compared to INR 908.2 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 1.03 against INR 0.37 last year. Gross revenue declined by 39% to INR 8,500 million from INR 13,852 million for the same period a year ago. Adjusted EBITDA declined by 22% to INR 2,288 million from INR 2,946 million in second quarter of fiscal 2016.