Indian Hotels Company has reported results for the fourth quarter and year ended March 31, 2013.
The company has reported a net loss of Rs 338.90 crore in Q4FY13 as compared to net profit of Rs 65.21 crore in the same quarter previous year. Total income from operations of the company has decreased by 0.99% to Rs 565.43 crore as compared to Rs 571.10 crore in corresponding quarter last year.
For the year ended March 31, 2013, the company has reported a net loss of Rs 276.61 crore in FY13 as against a net profit of Rs 145.35 crore in previous years. However, total income from operation of the company has increased to Rs 1924.79 crore as compared to Rs 1864.72 crore in FY12, up by 3.22%.
On consolidated basis, for the year ended March 31, 2013, the company has reported a net loss of Rs 430.24 crore in FY13 as against a net profit of Rs 3.06 crore in previous years. However, total income from operations of the company has increased to Rs 3803.52 crore as compared to Rs 3514.90 crore in FY12, up by 8.21%.
