Hotel Leela Venture Q1 Results reports net loss of Rs 11 Crore

 

Hotel Leela Venture Q1 Results reports net loss of Rs 11 Crore 

 

Hotel Leela Venture Q1 Results: On Monday, Hotel Leela Ventures Limited detailed its Q1 results for the main quarter of the current monetary year. It has detailed an overal deficit of Rs 11 crore for the independent. It had detailed lost Rs 7.52 crore for a similar quarter a year back.

 

As of the source, the working pay of HLV Limited remained at Rs 1.5 crore, dropped by 96 percent from the past quarter pay of Rs 37.5 crore. Additionally, the firm distributed a net deals of Rs 31 crore as of 30th June 2019. It had additionally posted lost Rs 17 crore for the past quarter.

 

Nonetheless, the all out salary for the quarter finished June remained at Rs 4 crore.

 

The organization uncovered in BSE recording as the disputable sum, for example, the one-sided end of the Mumbai lodging's lease and the expansion in the organization's lawfully serious lease, was not given in the books to the quarter finished June 30. The sum remained at Rs 3.52 crore for the June quarter, while Rs 69 crore till June 30, 2020 as every year.

 

It likewise added that they will attempt to improve their business in further days and the current circumstance may not be a noteworthy obstacle for supporting the business.

 

On Monday, the share price of HLV Limited dropped by 2 percent from its past close. During the day, the offer cost exchanged between Rs 4.90 – Rs 5.00. Additionally, the organization has traded an aggregate of 6,202 offers on the counter.

 

Stock Market September 21st: 

 

On Monday, both Sensex and Nifty exchanged a bearish pattern in the securities exchange. Toward the finish of the market, the BSE Sensex dropped 811.68 focuses with a 2.09% lessening and arrived at a 38,034.14 level. Plus, the Nifty diminished 250.55 focuses with a 2.21% reduction and arrived at the 11,250.55 level.

 

On the opposite side, the quantity of Covid cases in India arrived at 54,87,580 as of Monday, September 21st, and passings arrived at 87,882.

 

In the fringe showcases, the S&P BSE Small-Cap revealed a bearish pattern in the financial exchange. It declined 552.64 focuses with a 3.61% lessening and arrived at the 14,747.34 level. The S&P BSE Mid-Cap dropped 516.21 focuses with a 3.43% lessening and arrived at a 14,531.59 level. While the Nifty Bank drops 740.95 focuses with a 3.36% drop and arrived at the 21,290.10 level.