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E-mail ID will not be published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

  • The world is moving away from fast food like never before

    Despite spending $1.8 billion every year on worldwide advertising and promotion, McDonald’s sales are plummeting.

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

Urs Schoettli

It’s time for Japan to step out of its shell

The execution of a Japanese hostage by ISIS has sho­cked ...

Zehra Naqvi

The urge to tell stories

One wants to tell a story, like Scheherzade, in order ...

Bubbles Sabharwal

Truth about truth

The question to ponder is, “is it the truth because ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture