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Howard Hotels Li posts Q2 net loss of Rs 0.80 cr

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Dion Global

12 Nov 2024

The company reported standalone net loss during the quarter stood at Rs 0.80 crore as compared to net loss of Rs 0.24 crore in the previous year quarter.

Net revenue of the company rose substantially by 39.35 per cent at Rs 3.01 crore in July-September quarter of this fiscal as against Rs 2.16 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 59.46 per cent to Rs 3.54 crore from Rs 2.22 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.02 crore versus (Sep'23 Rs 0.02 crore).

Operating Profit surged by 783.33 per cent to Rs -0.53 crore as against Rs -0.06 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 520.70 per cent in September quarter.

Interest grew by 140.00 per cent y-o-y to Rs 0.12 crore