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Hotel Leelaventure reports 173% jump in quarterly loss

2017-12-07 business-standard
Hotel Leelaventure reported a net loss of Rs 24.4 crore for the quarter-ended September 2017 (Q2), up from a loss of Rs 8.95 crore in the year-ago period. The loss was despite the company's net sales inching up a bit and operating expenses declining 3.5 per cent year-on-year (y-o-y) to Rs 141.5 crore in Q2.   Like in the year-ago quarter when the company did not provide Rs 183.5 crore towards finance costs related to its liabilities with asset reconstruction companies (ARCs), it did not provide interest expenses and penalties to the tune of Rs 206 crore in Q2 of the current financial year.

Hotel Leelaventure Q2 net loss widens to Rs 24.44 crore

2017-12-07 business-standard
Hospitality firm Hotel Leelaventure today reported a net loss of Rs 24.44 crore for the quarter ended on September 30, 2017, against that of Rs 8.95 crore in the same period of the previous fiscal. Total income of the company stood at Rs 149.25 crore for the quarter under consideration against Rs 173.86 crore for the same period year ago, Hotel Leelaventure said in a filing to BSE.

Eyes on Jet Airways, Hotel Leela results

2017-12-06 thehindubusinessline
Close to 25 companies including Asian Hotels (West), Anuh Pharma, BPL, Bhartiya International, Cambridge Technology, Cineline, Fortune Financial, Ginni Filaments, Haldyn Glass, Hotel Leelaventure, Indian Hume Pipe, Jet Airways, Mangalam Timber, Precision Wires, Prime Focus, Shriram EPC, Suryalakshmi Cotton, XChanging Solutions, Venus Remedies, Zenith Exports, Zicom Electronic and Wanbury will declare their July-September quarter numbers on Thursday. (1-0)

Three directors step down from Hotel Leela Venture board

2017-09-18 business-standard
Hotel Leelaventure on Monday said its three directors, including two nominees of JM Financial Asset Reconstruction Company, have resigned from its board. The company's board of directors at their meeting held today has accepted resignations of Vaddarse Prabhakar Shetty, Anil Ramchand Bhatia and Navnit Kulwantsingh Batheja with immediate effect, Hotel Leelaventure said in a filing to BSE.

Three directors step down from Hotel Leelaventure board

2017-09-18 livemint
New Delhi: Hotel Leelaventure on Monday said its three directors, including two nominees of JM Financial Asset Reconstruction Co., have resigned from its board.

Hotel Leelaventure in talks to sell Chennai property

2017-06-02 moneycontrol
Hotel Leelaventure today said it is in discussions to sell Leela Palace Chennai but has not signed any pact for the sale.

Ashok Leyland, BEML, IOC, Cipla results

2017-05-24 thehindubusinessline
About 100 firms will announce their Q4 and FY results ended March 2017 on Thursday. Among them are Ashok Leyland, Bajaj Hindusthan, Britannia, Bosch, BEML, BF Utilities, Cipla, Concor, Gokul Refoils, Greenlam, GSPL, Excel Crop, Heidelberg, Hotel Leelaventure, IOC, MEP Infra, MphasiS, Manappuram Fin, NMDC, PC Jeweller, Page Industries, Phillips Carbon, Repco Home, Shriram City Union, Thomas Cook, VST Tillers, VA Tech Wabag and West Coast Paper.

Leela refutes AAI stand on land lease agreement

2017-02-14 moneycontrol
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Hotel shares may come under pressure

2017-01-02 thehindubusinessline
Shares of hospitality firms, such as EIH, Indian Hotels, Hotel Leelaventure, Taj GVK Hotels, Speciality Restaurants, Advani Hotels, Kamat Hotels and others may feel pressure on the service charge proposal. The Union Government on Monday said paying service charge on food bills is not compulsory and customers can choose to have it waived if not satisfied with the experience. Restaurants generally charge service charge in the range of 5-20 per cent.

Hotel Leelaventure announces resignation of director

2016-11-29 indiainfoline
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No let-up in FPI selling; 353 stocks hit the lower circuit

2016-11-21 thehindubusinessline
There is no respite in selling by foreign institutional investors. Their fury took a heavy toll on several mid- and small-cap stocks, many of which are at 52-week lows.

Hotel Leelaventure trimps Q2 net loss to Rs 45.73 crore

2016-11-11 business-standard
Hotel Leelaventure today reported narrowing of its standalone net loss to Rs 45.73 crore for the second quarter ended September 30, 2016. The company had posted a net loss of Rs 55.81 crore for the July-September quarter of the previous financial year, Hotel Leelaventure said in a BSE filing.

Leela to challenge High Court order on Rs 258 crore royalty to AAI

2016-11-08 business-standard
BSE listed hotel company Leela will consider challenging an order of Delhi High Court asking it to pay Rs 258 crore to Airport Authority of India (AAI). It may approach the Supreme Court against the order directing it to pay the amount (to AAI) as royalty for possession of the latter's property near the Mumbai international airport. "The company is exploring legal options, including moving the Supreme Court," Hotel Leelaventure told BSE.

Lenders may have prompted Leela chairman to forgo salary

2016-10-12 business-standard
Salaries of Hotel Leelaventure chairman and co-chairman last year were reduced to less than one-tenth compared to the salaries drawn by them two years ago as creditors tighten noose around the company.

Lenders ask Leela Chairman to forego salary

2016-10-12 business-standard
Salaries of Hotel Leelaventure chairman and co-chairman last year were reduced to less than one-tenth compared to the salaries drawn by them two years ago as creditors tighten noose around the company.