17 Aug 2019 | 11:25 PM

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COMPANYNEWS
Jindal Hotels posts Q1 net loss of Rs 0.25 cr
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Published on 08-13-2019
The company reported standalone net loss during the quarter stood at Rs 0.25 crore compared to net profit of Rs 0.04 crore in the previous year quarter. 


Net revenue of the company declined marginally by 3.14 per cent at Rs 8.32 crore in April-June quarter of this fiscal as against Rs 8.59 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 5.76 per cent to Rs 6.24 crore from Rs 5.90 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.02 crore versus (Jun`18 Rs 0.02 crore).


Operating Profit slipped by 22.68 per cent to Rs 2.08 crore as against Rs 2.69 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 20.00 per cent in June quarter.


Interest declined by 2.42 per cent y-o-y to Rs 1.21 crore while Taxation decreased by 1500.00 per cent at Rs -0.14 crore (Jun`18 Rs 0.01 crore).