*Hotel Leela Venture* announced a phenomenon drop in standalone net profit
for the quarter ended December 2008.

During the quarter, the profit of the company declined 62.71% to Rs 205
million from Rs 549.80 million in the same quarter last year due to drop in
operating margins.

Net sales declined 15.15% to Rs 1,213 million, while total income for the
quarter fell 15.67% to Rs 1,276.40 million, when compared with the prior
year period.

The company posted earnings of Rs 0.54 a share during the quarter,
registering 63.51% decline over prior year period.


  *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07*
*%Change* *Net Sales* 1,213.00 1,429.60 (15.15) *Net Profit* 205.00 549.80
(62.71) *Basic EPS* 0.54 1.48 (63.51)

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