The Tata Group firm Indian Hotels Company recently filed a consolidated net loss of Rs 136 crore for the last fiscal year ended March 31, 2010. If the Rs. 12 crore loss that the company filed in the 2008-09 is taken into the account then the recently filed results have come as a shocker for many investors.

According to the filing that the company made to the Bombay Stock Exchange, the company has faced a decline of 6% in its revenues mainly because of the slowdown.

Moreover, the company also said that the slowdown impacted its businesses not only in India but also in various international markets where it has operations.

According to the results filed by the company, the total income declined to Rs 2,548.6 crore for the last fiscal ended March 2010 down from the Rs 2,782 crore in the same period of the previous fiscal that the company earned.

However, the company also mentioned that the earnings were badly impacted due to the closure of 287 rooms in the palace wing of Taj Mahal Palace & Tower, Mumbai, which are currently under the renovation stage.