Indian Hotels Q1 results

Indian Hotels Q1 results: Net loss at Rs. 313 crores

Indian Hotels Q1 results: Net loss at Rs. 313 crores

New Delhi: To begin with, the Tata Group-backed Indian Hotels Company posted its Q1 results. So then, the revenue of the firm dropped by 86% for the June 2020 quarter. 

On the other hand, the revenue from operations stood at Rs. 144 crores for the quarter under review. Comparatively, in the year-ago period, it stood at Rs. 1,020 crores for the same quarter. Besides, the losses of the company came about Rs. 313 crores for the June 2020 quarter. 

August 7th Stock Market Details:

On August 7th, both the Sensex and the Nifty traded at a bearish trend in the stock market. The Sensex lost 61.87 points and reached 37,968.65 levels with a 0.12% loss. On the other side, the Nifty lost 10.60 points and reached 11,192.75 levels with a 0.066% loss.

In the border market, the S&P BSE Midcap index gained 124.94 points with a 0.89% profit and reached 14,142.02 levels. Also, the S&P BSE Smallcap index gained 122.39 points with a 0.90% profit and reached a 13,685.76 level.

Besides, as of August 9th, the number of confirmed COVID-19 cases across India has reached 21,53,010. Also, the number of deaths in the country has reached 43,379.

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