trending Market Intelligence /marketintelligence/en/news-insights/trending/PZjd5mvNwCCRfJO0uKjr6w2 content esgSubNav
In This List

Graviss Hospitality fiscal Q2 loss widens 56.0% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Graviss Hospitality fiscal Q2 loss widens 56.0% YOY

Graviss Hospitality Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 was a loss of 18 Indian paise per share, compared with a loss of 14 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 15.5 million rupees, compared with a loss of 9.9 million rupees in the prior-year period.

The normalized profit margin declined to negative 15.2% from negative 10.6% in the year-earlier period.

Total revenue rose 8.5% year over year to 102.0 million rupees from 94.0 million rupees, and total operating expenses climbed 13.0% year over year to 123.7 million rupees from 109.5 million rupees.

Reported net income came to a loss of 24.8 million rupees, or a loss of 29 paise per share, compared to a loss of 15.9 million rupees, or a loss of 23 paise per share, in the year-earlier period.

As of Oct. 17, US$1 was equivalent to 61.46 Indian rupees.