Indian Hotels FY'10 loss at Rs 137 crore

Indian Hotels Company (IHCL), on Wednesday, reported a consolidated net loss of Rs 136.88 crore for the year ended March 31, 2010 (FY’10) compared to a net profit of Rs 12.46 crore for the previous year.

Total income declined from Rs 2,782.12 crore for the year under review to Rs 2,548.68 crore for the previous fiscal. On a standalone basis, it posted a net profit of Rs 153.10 crore down 35 per cent over the same period a year ago at Rs 234.03 crore, while the total income decreased from Rs 1,706.52 crore to Rs 1,517.03 crore.

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