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    Hotel Leela Venture locked at 20% upper circuit as company turns profitable in Q3

    Operating profit fell 1.8 percent year-on-year to Rs 65.1 crore and margin contracted 190 basis points to 32 percent for quarter ended December 2017.

    February 09, 2018 / 15:05 IST
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    Hotel Leela Venture shares were locked at 20 percent upper circuit after the company turned profitable in December quarter.

    Profit for the quarter stood at Rs 40.6 crore against net loss of Rs 10.4 crore in year-ago, led by other income.

    Revenue from operations increased 4 percent to Rs 203.6 crore from Rs 195.7 crore YoY.

    Operating profit fell 1.8 percent year-on-year to Rs 65.1 crore and margin contracted 190 basis points to 32 percent for quarter ended December 2017.

    Other income for the quarter stood at Rs 26.2 crore against loss of Rs 20.7 crore in year-ago.

    first published: Feb 9, 2018 03:05 pm

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