MUMBAI (Reuters) - Indian Hotels Co Ltd(IHTL.NS) on Thursday posted a 3.4 billion rupee net loss for the January-March quarter, as it booked a provision of 4.2 billion rupees for its investments including in U.S.-listed luxury hotel group Orient-Express Hotels Ltd OEH.N.
Indian Hotels, part of the salt-to-software Tata group conglomerate, owns and operates Taj hotels and resorts worldwide and had reported net profit of 652.1 million rupees a year earlier.
Net sales were nearly flat at 5.6 billion rupees in the quarter.
($1 = 56.1850 rupees)
Reporting by Aditi Shah; Editing by Tony Munroe