Hotel Leelaventure’s scrip fell by over 4 per cent today after the company reported a net loss of Rs 142.17 crore for the fourth quarter ended March 2013.
After falling over 4 per cent in intraday trade, shares of the company finally ended at Rs 20.85, down 3.92 per cent from its previous close on the BSE.
At NSE, the stock was down 4.15 per cent to Rs 20.80.
Hotel Leelaventure had yesterday reported Q4 net loss of Rs 142.17 crore on account of high finance costs. It had posted net profit of Rs 209.66 crore for the corresponding quarter previous fiscal, 2011-12.
Its net sales rose, however, to Rs 200.63 crore for the quarter, from Rs 139.31 crore in the year-ago period.
For the entire 2012-13 fiscal, its net loss was Rs 433.46 crore. It had posted a net profit of Rs 18.63 crore for the previous financial year.
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