Velan Hotels Lim posts Q4 net loss of Rs 0.67 cr
30/05/2019 19:40
The company reported standalone net loss during the quarter stood at Rs 0.67 crore as compared to net loss of Rs 0.45 crore in the previous year quarter.

Net revenue of the company declined substantially by 33.84 per cent at Rs 1.31 crore in January-March quarter of this fiscal as against Rs 1.98 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 16.20 per cent to Rs 1.50 crore from Rs 1.79 crore in year ago period.

Other Income grew by 200.00 per cent at Rs 0.03 crore versus (Mar'18 Rs -0.03 crore).

Operating Profit slipped by 195.00 per cent to Rs -0.19 crore as against Rs 0.20 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 245.15 per cent in March quarter.

Interest grew by 20.00 per cent y-o-y to Rs 0.06 crore