Indian Hotels Q1 net at ₹35 crore

Indian Hotels has reported a consolidated net profit of ₹ 34.78 crore for the first quarter ended June 30, compared to a net loss of ₹34.82 crore in corresponding quarter last year. Total income increased by 10 per cent from ₹937.46 crore to ₹1032.92 crore. During the quarter, there was an exceptional gain from the sale of the company’s investment in Tata Projects, which was classified as a long-term investment.