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Indian Hotels Company Q3 net profit rises over four-fold to Rs 403 cr

Total expenses were higher at Rs 1,248.62 crore in the third quarter, up from Rs 1,014.23 crore a year ago

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Buoyed by a strong demand in the third quarter, both leisure and business hotels in key domestic markets reported occupancy of over 70 per cent and a rate growth of 27 per cent as compared to pre-Covid levels, the company said

Press Trust of India New Delhi

2 min read Last Updated : Jul 16 2024 | 5:31 PM IST

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Tata group hospitality firm Indian Hotels Company Ltd on Tuesday reported an over four-fold rise in consolidated net profit at Rs 403.56 crore in the third quarter ended December 2022 on the back of robust demand.

The company had posted a consolidated net profit of Rs 95.96 crore in the year-ago period, Indian Hotels Company Ltd (IHCL) said in a regulatory filing.

Consolidated revenue from operations during the quarter under review stood at Rs 1,685.8 crore as against Rs 1,111.22 crore in the corresponding period previous fiscal, it added.

Total expenses were higher at Rs 1,248.62 crore in the third

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : Indian Hotels Q3 results IHCL

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