Gujarat Hotels standalone net profit declines 42.31% in the March 2016 quarter

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Sales rise 2.27% to Rs 0.90 crore
Net profit of Gujarat Hotels declined 42.31% to Rs 0.60 crore in the quarter ended March 2016 as against Rs 1.04 crore during the previous quarter ended March 2015. Sales rose 2.27% to Rs 0.90 crore in the quarter ended March 2016 as against Rs 0.88 crore during the previous quarter ended March 2015.For the full year,net profit declined 10.26% to Rs 2.45 crore in the year ended March 2016 as against Rs 2.73 crore during the previous year ended March 2015. Sales rose 9.06% to Rs 3.49 crore in the year ended March 2016 as against Rs 3.20 crore during the previous year ended March 2015.
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First Published: Apr 18 2016 | 10:56 AM IST