Hotel Leelaventure slumps over 4% post Q4 results

MUMBAI: Hotel Leelaventure's scrip fell by over 4 per cent on Tuesday 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 intra-day 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.

Meanwhile, the BSE 30-stock index, Sensex, ended at 20,111.61, down 112.37 points.