Emerald Leisures Reports Rs 252.07 Crore Loss in Q1 Amid High Finance Costs
Emerald Leisures Limited, operating in hospitality and real estate, reported a net loss of Rs 252.07 crore for Q1 FY24, improving from Rs 278.51 crore loss in Q1 FY23. Revenue from operations increased marginally to Rs 363.39 crore. Total expenses were Rs 620.24 crore, with finance costs at Rs 341.68 crore. The company's total assets stood at Rs 9,335.00 crore, while liabilities were Rs 16,730.13 crore. All revenue came from the Hospitality segment. Management found no impairment necessary for non-financial assets based on fair valuation of properties.