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Velan Hotels reports standalone net profit of Rs 2.05 crore in the March 2021 quarter

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Capital Market

Sales decline 85.19% to Rs 0.04 crore

Net profit of Velan Hotels reported to Rs 2.05 crore in the quarter ended March 2021 as against net loss of Rs 1.09 crore during the previous quarter ended March 2020. Sales declined 85.19% to Rs 0.04 crore in the quarter ended March 2021 as against Rs 0.27 crore during the previous quarter ended March 2020.

For the full year,net profit reported to Rs 0.07 crore in the year ended March 2021 as against net loss of Rs 3.18 crore during the previous year ended March 2020. Sales declined 98.78% to Rs 0.04 crore in the year ended March 2021 as against Rs 3.29 crore during the previous year ended March 2020.

 
ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales0.040.27 -85 0.043.29 -99 OPM %-1225.00-251.85 --3025.00-41.95 - PBDT-0.40-0.65 38 -1.12-1.40 20 PBT-0.82-1.09 25 -2.80-3.18 12 NP2.05-1.09 LP 0.07-3.18 LP

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First Published: Jun 30 2021 | 8:28 AM IST

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