Velan Hotels Limited announced unaudited standalone earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported net sales of INR 18.784 million against INR 20.324 million a year ago. Loss before exceptional and tax was INR 4.355 million against INR 5.154 million a year ago. Loss before tax was INR 4.355 million against INR 4.978 million a year ago. Loss for the period from continuing operations was INR 5.843 million against INR 10.15 million a year ago. Loss for the period was INR 5.843 million or INR 0.18 basic and diluted per share against INR 10.150 million or INR 0.32 basic and diluted per share a year ago.