Indian Hotels Company reports consolidated net loss of Rs 33.36 crore in Q1

Indian Hotels Company has reported results for first quarter ended June 30, 2012.

The company, on consolidated basis, has reported a net loss of Rs 33.36 crore for the quarter under review as compared to a net loss of Rs 22.27 crore for the same quarter in the previous year. However, the total income of the company has increased by 19.57% at Rs 866.27 crore for Q1FY13 as compared Rs 724.49 crore for the corresponding quarter previous year.

Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces. The Taj Hotels Resorts and Palaces currently has 93 hotels in 55 locations across India with an additional 16 international hotels in the Maldives, Malaysia, Australia, UK, USA, Bhutan, Sri Lanka, Africa and the Middle East.