IHCL reports Q1 revenue from operations at INR 345 cr; losses at INR 301.5 cr

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IHCL reported revenue from operations of INR 344.55 crore for the quarter ended June this year, up from INR 144 crore in the corresponding period of the last fiscal. On a quarter on quarter basis though, it reported a 44 per cent fall in revenues.

It reported losses of INR 301.5 crore down from INR 313 crore in the corresponding period of the previous fiscal year. On a quarter-on-quarter basis, losses were up by 102 per cent.

IHCL said business for the quarter was severely impacted on account of the second wave and the chain witnessed softer revenues due to partial or complete lockdowns in several states of India.