INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Tata Group hospitality firm Indian Hotels Company on Tuesday reported a 51 per cent rise in its consolidated net profit to Rs
170.03 crore for the quarter ended December.
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.
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 operates 178
hotels, including 30 under development globally across 4 continents, 12 countries and in over 80 locations.
The stock closed at Rs 135.75 on
the BSE, up 0.22 per cent from its previous close.
