13 Aug 2020 | 8:19 AM


Advani Hotels posts Q2 net loss of Rs 1.47 cr
Published on 11-14-2019
The company reported standalone net loss during the quarter stood at Rs 1.47 crore as compared to net loss of Rs 0.81 crore in the previous year quarter.

Net revenue of the company declined moderately by 6.41 per cent at Rs 11.53 crore in July-September quarter of this fiscal as against Rs 12.32 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 0.16 per cent to Rs 12.55 crore from Rs 12.57 crore in year ago period.

Other Income grew by 5.00 per cent at Rs 0.21 crore versus (Sep`18 Rs 0.20 crore).

Operating Profit surged by 308.00 per cent to Rs -1.02 crore as against Rs -0.25 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 339.30 per cent in September quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.02 crore while Taxation increased by 36.84 per cent at Rs -0.26 crore (Sep`18 Rs -0.19 crore).