Published on 7/12/2017 3:44:25 PM | Source: Dion Global Solutions Ltd

Hotel Leela Venture posts Q2 net loss of Rs 24.44 cr

The company reported standalone net loss during the quarter stood at Rs 24.44 crore as compared to net loss of Rs 45.73 crore in the previous year quarter. Net revenue of the company rose marginally by 1.27 per cent at Rs 158.39 crore in July-September quarter of this fiscal as against Rs 156.41 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 3.20 per cent to Rs 120.51 crore from Rs 124.50 crore in year ago period. Other Income dipped by 962.26 per cent at Rs -9.14 crore versus (Sep'16 Rs 1.06 crore). Operating Profit surged by 18.71 per cent to Rs 37.88 crore as against Rs 31.91 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 17.25 per cent in September quarter. Interest declined by 7.13 per cent y-o-y to Rs 20.96 crore