Hotel Leela Venture
's first quarter net loss shot up by 285% to Rs 102 crore from loss of
Rs 26.5 crore in a year ago period.
However, the company reported an operating profit at Rs 16
crore in the quarter as against a loss of Rs 49 crore in the previous quarter.
Interest costs fell by 23% quarter-on-quarter to Rs 89 crore.
Net sales increased 23% year-on-year to Rs 138 crore in the
quarter ended June 2012.
Hotel Leela has approved preferential allotment worth Rs 100
crore to a promoter group company and also approved resolution to raise up to
Rs 1000 crore.
The stock gained 2% to close at Rs 31.45 amid large volumes.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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