Indian Hotels Company Q1 net profit plummets 80%
Indian Hotels Company has reported results for the quarter ended June 30, 2010.
Indian Hotels Company???s net profit has plunged by 79.74% to Rs 3.33 crore for the quarter ended June 30, 2010 as compared to Rs 16.44 crore for the quarter ended June 30, 2009.Its total income rose by 13.88% to Rs 334.80 crore for the quarter under review against Rs 293.99 crore for the previous year???s corresponding quarter.
Though the company???s total income has grown by 13.88% for the quarter under review but the company has made a exchange loss( treated as exceptional item) of Rs 0.09 crore as compared to exchange gain of Rs 4.54 crore in the previous year???s corresponding quarter.
Further,the company???s revenue realized from the exceptional item (I.e. sale of investment)has declined largely 88.93 % to Rs 4.29 crore of the quarter under review as compared to Rs 38.77 crore for the quarter ended June 30,2009.
Click here for technical analysis and community tips for Indian Hotels Co
Did not find what you were looking for?
