The Indian Hotels Company has reported results for the first quarter ended June 30, 2020.
The company has reported net loss of Rs 238.81 crore for the quarter under review as against net profit of Rs 22.45 crore for the same quarter in the previous year. Total income of the company decreased by 80.75% at Rs 117.07 crore for Q1FY21 as compared Rs 608.04 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net loss attributable to owners at Rs 279.92 crore for the quarter under review as against net profit of Rs 5.66 crore for the same quarter in the previous year. Total income of the company decreased by 83.41% at Rs 175.34 crore for Q1FY21 as compared Rs 1,057.06 crore for the corresponding quarter previous year.
