Ramky Infrastructure Ltd has posted a loss of ₹149.72 crore for the third quarter ended December 31, 2014, as against a loss of ₹133.31 crore for the corresponding quarter last year.

The revenue of Hyderabad-based infrastructure company was down at ₹446.95 crore for the third quarter as against ₹572.26 crore for the same period last year.

Tough liquidity scenario

The company performance has been impacted mainly due to tough liquidity situation, high interest costs cutting down on its profitability and also due to slower pace of project implementation due to various external issues such as delays in securing clearances.

For the nine months ended December 31, 2014, the company posted a loss of ₹431.85 crore and a turnover of ₹1,148.80 crore as against a loss of ₹239.48 crore and income of ₹1,805.90 crore for the same period previous year.

The company has initiated debt restructuring under joint lenders forum (JLF) with a consortium banks.

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