Royal Orchid Hotels reports standalone net loss of Rs 25.12 crore in the March 2021 quarter

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Sales decline 33.49% to Rs 17.91 crore
Net loss of Royal Orchid Hotels reported to Rs 25.12 crore in the quarter ended March 2021 as against net profit of Rs 1.86 crore during the previous quarter ended March 2020. Sales declined 33.49% to Rs 17.91 crore in the quarter ended March 2021 as against Rs 26.93 crore during the previous quarter ended March 2020.For the full year,net loss reported to Rs 34.55 crore in the year ended March 2021 as against net profit of Rs 9.11 crore during the previous year ended March 2020. Sales declined 58.36% to Rs 47.82 crore in the year ended March 2021 as against Rs 114.84 crore during the previous year ended March 2020.
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First Published: Jun 17 2021 | 4:14 PM IST