EIH Associated Hotels suffers net loss of 15 cr for Q1Fy21

New Delhi: Oberoi Group company EIH Associated Hotels Ltd suffered a net loss of Rs 15 crore for the first quarter of the current fiscal as compared to a net profit of Rs 1.7 crore in the corresponding quarter of the previous fiscal.

The revenues from operations fell 94 percent to Rs 3 crore for the first quarter of the current fiscal as compared to Rs 47 crore in the corresponding quarter of the previous fiscal. 

The total expenses of the company declined to Rs 25 crore for the first quarter of the current fiscal as compared to Rs 46 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

 

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