Hotel Leelaventure trimps Q2 net loss to Rs 45.73 crore

Shares of Hotel Leelaventures ended 1.46 per cent down at Rs 16.90 apiece on BSE

Hotel Leelaventure today reported narrowing of its standalone net loss to Rs 45.73 crore for the second quarter ended September 30, 2016.

The company had posted a net loss of Rs 55.81 crore for the July-September quarter of the previous financial year, Hotel Leelaventure said in a BSE filing.

Its total income from operations rose by 8.20 per cent to Rs 156.41 crore during the quarter under review from Rs 144.55 crore in the corresponding quarter of last financial year.

Total expenses were up marginally 0.01 per cent to Rs 180.63 crore as compared to Rs 180.60 crore of the same period previous year.

In the first half of 2016-17, Hotel Leelaventures standalone net loss was reduced to Rs 97.48 crore as against Rs 113.48 crore in the year-ago period.

Its total income in the six-month period was up 8.19 per cent at Rs 305.88 crore as against Rs 282.72 crore in the year-ago period.

Shares of Hotel Leelaventures today ended 1.46 per cent down at Rs 16.90 apiece on BSE.