trending Market Intelligence /marketintelligence/en/news-insights/trending/qHgJ5KY69LPRQinksfb4Ww2 content esgSubNav
In This List

Apollo Sindoori Hotels fiscal Q3 profit falls 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

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Apollo Sindoori Hotels fiscal Q3 profit falls YOY

Apollo Sindoori Hotels Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 1.11 Indian rupees per share, a decrease of 50.1% from 2.23 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.4 million rupees, a decline of 50.3% from 2.9 million rupees in the year-earlier period.

The normalized profit margin declined to 0.5% from 1.5% in the year-earlier period.

Total revenue rose 39.0% on an annual basis to 263.8 million rupees from 189.8 million rupees, and total operating expenses climbed 40.5% on an annual basis to 262.6 million rupees from 186.9 million rupees.

Reported net income decreased 47.8% year over year to 1.9 million rupees, or 1.43 rupees per share, from 3.6 million rupees, or 2.73 rupees per share.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.