Hospitality major EIH posts Rs 152 cr net loss in Q1 due to Covid-19 crisis

Hospitality major EIH Ltd, which runs hotels and resorts under the Oberoi and Trident brands, on Thursday reported a consolidated net loss of Rs 152.06 crore for the quarter ended June 30, 2020 due to the adverse impact of Covid-19 pandemic.

The company had posted a net loss of Rs 1.13 crore in the corresponding period of previous fiscal, EIH said in a filing to the BSE.

Consolidated total income stood at Rs 44.62 crore during the quarter under consideration. It was at Rs 358.22 crore in the same period a year ago, it added.

Following the Covid-19 outbreak and subsequent lockdown, hotel