IHCL Q2 Results: Tata Group-owned hotel chain's net profit jumps 19% to Rs 379 crore
Indian Hotels Company Ltd, under the Tata Group, has announced a remarkable 19.35% rise in consolidated profit for the September quarter, soaring to Rs 379.85 crore from Rs 318.26 crore last year. Revenue from operations also surged to Rs 2,484.32 crore, up from Rs 2,040.89 crore. The Managing Director highlighted promising growth prospects and anticipates domestic...
Key Takeaways
- Indian Hotels Company Ltd, under the Tata Group, has announced a remarkable 19.35% rise in consolidated profit for the September quarter, soaring to Rs 379.85 crore from Rs 318.26 crore last year.
- Revenue from operations also surged to Rs 2,484.32 crore, up from Rs 2,040.89 crore.
- The Managing Director highlighted promising growth prospects and anticipates domestic hotel business growth exceeding 20%, notwithstanding challenges faced in the aviation sector.
Indian Hotels Company Ltd, under the Tata Group, has announced a remarkable 19.35% rise in consolidated profit for the September quarter, soaring to Rs 379.85 crore from Rs 318.26 crore last year. Revenue from operations also surged to Rs 2,484.32 crore, up from Rs 2,040.89 crore. The Managing Director highlighted promising growth prospects and anticipates domestic hotel business growth exceeding 20%, notwithstanding challenges faced in the aviation sector.
Original Publisher Attribution
This summary was curated from Economic Times.