You are here: Home » Companies ยป Results
;
Business Standard

Indian Hotels' loss widens to Rs 9 cr

Press Trust of India  |  New Delhi 



Indian Hotels' loss widens to Rs 9 cr

Tata group hospitality firm Indian Hotels Co on Wednesday reported widening of its standalone net loss to Rs 9 crore for theJune quarter.

The company had posted a net loss of Rs 4.8 crore in the same quarter previous financial year, Indian Hotels said. Net sales during the period under review stood at Rs 474.4 crore against Rs 446 crore in the year-ago period, up 6.4 per cent, it added.

In view of the seasonality of the sector, the financial results for the quarter are not indicative of the full year's expected performance, the company said.

The company's total expenses during the quarter were higher at Rs 455.54 crore as against Rs 441.1 crore in the corresponding period lat fiscal.

Shares of Indian Hotels Co Ltd today ended 1.40 per cent down at Rs 127 apiece on BSE.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, August 11 2016. 00:11 IST
RECOMMENDED FOR YOU