On the margin front, the EBITDA margin also fell 197 bps YoY to 11.2% (below I-direct estimate of 13.9%) led by increase in fixed cost During the quarter, the company wrote off | 18.4 crore worth of assets arising out of renovation of Oberoi, New Delhi. Hence, on an adjusted basis, the company reported a net loss of | 44 lakh (vs. Idirect estimate of net profit: | 8.8 crore) Increase in demand, lower room supply domestically to drive growth For FY16, demand growth (10.5% YoY) has outpaced supply growth (3.9% YoY). All major cities have witnessed improved occupancy levels of...