News Details
Category : Company
Headline : Velan Hotels Lim posts Q3 net loss of Rs 0.56 cr
Date: 11/02/2019 16:50
The company reported standalone net loss during the quarter stood at Rs 0.56 crore as compared to net loss of Rs 0.85 crore in the previous year quarter.

Net revenue of the company declined substantially by 35.51 per cent at Rs 1.38 crore in October-December quarter of this fiscal as against Rs 2.14 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 36.52 per cent to Rs 1.46 crore from Rs 2.30 crore in year ago period.

Other Income dipped by 33.33 per cent at Rs 0.02 crore versus (Dec'17 Rs 0.03 crore).

Operating Profit slipped by 58.82 per cent to Rs -0.07 crore as against Rs -0.17 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 32.95 per cent in December quarter.

Interest grew by 40.00 per cent y-o-y to Rs 0.07 crore