Royal Orchid Hotels consolidated net profit declines 61.08% in the March 2015 quarter

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Sales rise 1.52% to Rs 40.76 crore
Net profit of Royal Orchid Hotels declined 61.08% to Rs 2.46 crore in the quarter ended March 2015 as against Rs 6.32 crore during the previous quarter ended March 2014. Sales rose 1.52% to Rs 40.76 crore in the quarter ended March 2015 as against Rs 40.15 crore during the previous quarter ended March 2014.For the full year,net loss reported to Rs 3.83 crore in the year ended March 2015 as against net loss of Rs 37.49 crore during the previous year ended March 2014. Sales rose 4.02% to Rs 147.75 crore in the year ended March 2015 as against Rs 142.04 crore during the previous year ended March 2014.
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First Published: Jun 02 2015 | 2:41 PM IST