06 Dec 2019 | 2:33 PM

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COMPANYNEWS
Sayaji Hotels Lt posts Q2 net loss of Rs 6.92 cr
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Published on 11-15-2019
The company reported standalone net loss during the quarter stood at Rs 6.92 crore as compared to net loss of Rs 2.32 crore in the previous year quarter.


Net revenue of the company declined moderately by 6.54 per cent at Rs 42.32 crore in July-September quarter of this fiscal as against Rs 45.28 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 9.09 per cent to Rs 36.89 crore from Rs 40.58 crore in year ago period.


Other Income dipped by 30.59 per cent at Rs 0.59 crore versus (Sep`18 Rs 0.85 crore).


Operating Profit surged by 15.53 per cent to Rs 5.43 crore as against Rs 4.70 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 23.72 per cent in September quarter.


Interest grew by 46.33 per cent y-o-y to Rs 6.38 crore while Taxation increased by 149.02 per cent at Rs 0.25 crore (Sep`18 Rs -0.51 crore).