Graviss Hospitality Reports Revenue Growth Amidst Widening Losses in Q1
Graviss Hospitality Limited's Q1 financial results show revenue growth but declining profitability. Standalone revenue increased by 12.10% to Rs 11.15 crore, while consolidated revenue grew 5.20% to Rs 11.70 crore. However, EBITDA turned negative, and net losses widened. The company's subsidiaries are facing financial difficulties with accumulated losses. Management remains optimistic about future prospects and recovery of investments in subsidiaries.