Indian Hotels falls on bigger-than-expected net loss

Shares in Indian Hotels Co Ltd, controlled by Tata Group, fell as much as 5.6 percent after the company's net loss for the January-March quarter widened to a bigger-than-expected 3.65 billion rupees ($61.77 million) from 3.39 billion rupees a year ago.

Elara Capital cited a "sharp drop" in domestic business as a factor behind the loss, which offset "healthy" sales growth in overseas subsidiaries.

Shares in the company were down 0.84 percent at 88.80 rupees at 10:23 a.m.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Child abuse needs to be tackled with the seriousness it deserves

    The Bangalore rape case has again brought into focus an issue we Indians forever shy away from facing up to — child sexual abuse.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: THE BASE RATE BIAS

Base rate fallacy, also called base rate neglect or base ...

Parvez Imam

Revisiting history can do us all good

We often think that we understand history. We read it ...

Bubbles Sabharwal

Your happiness doesn’t depend on your needs

They are two different words (and even worlds) altogether: having ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture