27 May 2019 | 12:18 AM

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COMPANYNEWS
Oriental Hotels posts Q4 net loss of Rs 0.52 cr
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Published on 04-25-2019
The company reported standalone net loss during the quarter stood at Rs 0.52 crore compared to net profit of Rs 5.75 crore in the previous year quarter. 


Net revenue of the company declined by 5.72 per cent at Rs 92.59 crore in January-March quarter of this fiscal as against Rs 98.21 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 4.64 per cent to Rs 74.66 crore from Rs 78.29 crore in year ago period.


Other Income dipped by 18.16 per cent at Rs 3.47 crore versus (Mar`18 Rs 4.24 crore).


Operating Profit slipped by 9.99 per cent to Rs 17.93 crore as against Rs 19.92 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 4.54 per cent in March quarter.


Interest declined by 22.48 per cent y-o-y to Rs 5.93 crore while Taxation decreased by 347.68 per cent at Rs -7.48 crore (Mar`18 Rs 3.02 crore).