Sales, revenue to be impacted in Q1, Q2 of FY21 due to Covid-19: TAJGVK

In a regulatory filing, the company said since the situation is exceptional and is changing dynamically, it is not in a position to gauge with certainty the future impact on its operations

TAJGVK Hotels & Resorts on Saturday said its sales, revenue and profitability for the first and second quarter of the current fiscal would be impacted due to Covid-19 pandemic.

The company also said the lockdowns and restrictions imposed on various activities due to Covid-19 had posed challenges, as it faced a lot of cancellations of confirmed bookings, thereby impacting the financials.

In a regulatory filing, the company said since the situation was exceptional and changing dynamically, it was not in a position to gauge with certainty the future impact on its operations.

"We believe there will be impact in sales volumes, revenue and