Indian Hotels Company has reported results for first quarter ended June 30, 2014.
The company has reported net loss of Rs 7.15 crore for the quarter under review as compared to a net profit of Rs 9.78 crore for the quarter ended June 30, 2013. The company’s total income has decreased by 1.99% to Rs 409.54 crore for the quarter under review from Rs 417.88 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported a net loss after taxes and Minority Interest and Share of Profit of Associates of Rs 34.82 crore for the quarter as compared to net loss of Rs 19.09 crore for the same quarter in the previous year. However, total income of the company has increased by 2.94% at Rs 954.95 crore for quarter under review as compared to Rs 927.60 crore for the quarter ended June 30, 2013.
