Juniper Hotels Q1 | Net profit falls 23% to ₹9 crore; revenue, margins improve

In the June quarter, the company recognised an exceptional loss of ₹17.14 crore on account of damage caused by the fire at the Bengaluru project in April. Juniper said the property is adequately insured and it has received an interim payment of ₹5 crore from the insurer, with the final settlement to be determined after restoration work is completed.

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