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Hotel Leelaventure registers twenty-fold jump in Q4 net profit

30 May 2012 Evaluate

Hotel Leelaventure has registered about twenty-fold jump in net profit to Rs 209.96 crore for the quarter ended March 31, 2012, on the back of income from sale of a hotel property. The company’s net profit for the same quarter previous year was Rs 11.29 crore.

The company’s net sales for the quarter under review increased by 40.78% to Rs 139.31 crore as compared to Rs 98.95 crore in the fourth quarter of 2010-11.

For the year ended March 31, 2012, the hotel’s net profit declined 50.76% to Rs 18.63 crore against Rs 37.84 crore in the fourth quarter of 2010-11. Its net sales for 2011-12 increased 23.06% to Rs 571.09 crore from Rs 464.04 crore in 2010-11.

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