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Hotel Leela Venture Q2 net loss widens to Rs 66.53 cr

The company had posted a net loss of Rs 24.44 crore for the corresponding period of the previous fiscal.

November 12, 2018 / 08:55 PM IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

 
 
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Hospitality firm Hotel Leela Venture reported a standalone net loss of Rs 66.53 crore for the quarter ended September 30, 2018, on account of rise in expenses.

The company had posted a net loss of Rs 24.44 crore for the corresponding period of the previous fiscal, Hotel Leela Venture said in a filing to BSE.

Standalone total income of the company stood at Rs 167.66 crore for the quarter under consideration.

It was Rs 159.81 crore for the same period year ago. Total expenses for the quarter stood at Rs 241.48 crore against Rs 184.25 crore for the year-ago quarter.