Business Standard

EIH Q1 net loss at Rs 1.13 cr

Image

Press Trust of India New Delhi

Hospitality firm EIH Ltd, which runs hotels and resorts under Oberoi and Trident brands, on Tuesday reported a consolidated net loss of Rs 1.13 crore for the first quarter ended June 30, 2019.

The company had reported a net profit of Rs 14.70 crore during April-June quarter a year ago, EIH said in a BSE filing.

Its total income fell 10.52 per cent to Rs 358.22 crore during the quarter under review from Rs 400.35 crore in the corresponding quarter last year.

The company's total expenses declined 4.64 per cent to Rs 357.93 crore in June quarter as compared with Rs 375.35 crore in the year-ago period.

 

Shares of EIH Ltd on Tuesday settled at Rs 155.85 on the BSE, down 3.56 per cent.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 13 2019 | 7:25 PM IST

Explore News