Comments
Tata Group hospitality firm Indian Hotels Company on Tuesday reported a 50.99 per cent rise in its consolidated net profit to Rs 170.03 crore for the quarter ended December 31.
The company had posted a net profit of Rs 112.61 crore for the corresponding period previous fiscal, Indian Hotels Company Ltd (IHCL) said in a BSE filing. Consolidated revenue from operations stood at Rs 1,323.45 crore for the quarter under consideration as against Rs 1,197.26 crore for the same period a year ago.
Commenting on the results, IHCL MD and CEO Puneet Chhatwal said: “The company delivered a strong performance in the third quarter of this current fiscal. We saw double digit growth in revenues, robust increase in EBITDA margins of 150 bps and a PAT growth of 50 per cent“.
IHCL currently operates 178 hotels, including 30 under development globally across 4 continents, 12 countries and in over 80 locations. Shares of Indian Hotels Company Ltd closed at Rs 135.75 per scrip on the BSE, up 0.22 per cent from its previous close.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.