Lords Ishwar Hotels Reports Q1 Net Loss of Rs 7.67 Crore Amid Rising Expenses
Lords Ishwar Hotels faced challenges in Q1 FY24, reporting a net loss of Rs 7.67 crore compared to a profit of Rs 1.87 crore in Q1 FY23. Revenue slightly decreased to Rs 167.26 crore, while expenses rose by 10.16% to Rs 175.33 crore. EPS turned negative at Rs 0.10. The company scheduled its 39th AGM for September 9 and approved the Directors' Report for FY23.
06Aug 25
Lords Ishwar Hotels Reports Q1 Loss, Schedules AGM for September
Lords Ishwar Hotels Limited reported a net loss of Rs 7.67 crore for Q1 ended June 30, compared to a profit of Rs 1.87 crore in the same period last year. Revenue from operations slightly decreased to Rs 167.26 crore from Rs 168.21 crore year-over-year. Total expenses rose to Rs 175.33 crore from Rs 159.16 crore. The company's EPS turned negative at Rs (0.10). The 39th AGM is scheduled for September 9 via video conferencing, with a book closure period from September 3 to September 9.