Page 3 - Indian Hotels

Street signs: Hospitality in focus, Vedant Fashions GMP at 5%, and more

Brokers are advising clients to build long positions in hotel and restaurant stocks on hopes of a sharp uptick in business

Indian Hotels reports consolidated net profit of Rs 95.96 cr in Dec qtr

Tata group hospitality firm Indian Hotels Co Ltd (IHCL) on Tuesday reported a consolidated net profit of Rs 95.96 crore for the third quarter ended December 31, 2021. The company had posted a consolidated net loss of Rs 133.22 crore in the same period last fiscal, IHCL said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 1,111.22 crore, as against Rs 559.86 crore in the year-ago period, it added. "The momentum of quarter-on-quarter growth has continued in the third quarter led by the upswing in domestic demand and recovery in international markets," IHCL Managing Director and CEO Puneet Chhatwal said. Stating that the company's performance is closely reflective of pre-COVID levels, he said, "we will continue to strengthen our portfolio and growing the new businesses while maintaining our asset-light strategy." Despite the ongoing challenges of the pandemic, IHCL said it continued on its path of business expansion and consolidati

Market wrap: Sensex gains 814 points ahead of Budget in broad-based rally

Govt okays Neelachal Ispat sale to Tata Steel Long Products; stock rises 6%; Adani Wilmar IPO subscribed 17.36 times; GMP halves in a week; Hotel stocks rally on improved outlook after third wave

Make travel expenses deductible under ITR in Budget: Hospitality industry

Notably, the sector has been heavily battered due to the Covid-19 pandemic and the subsequent restrictions imposed to check the infections' spread

Hospitality industry on alert mode amid threat from Omicron variant

With states imposing restrictions on gatherings for Christmas and New Year celebrations, hoteliers and restaurant operators are, however, staring at possible booking cancellations

Indian Hotels' net loss narrows to Rs 130 cr in Q2 on strong recovery

To raise Rs 4000 cr via Rights Issue and QIP

Indian Hotels' consolidated net loss narrows to Rs 130 cr in Sept quarter

Tata group hospitality firm Indian Hotels Co Ltd (IHCL) on Thursday reported narrowing of its consolidated net loss at Rs 130.92 crore in the second quarter ended September 30

Hotels roll out red carpet for year-end vacationers after brisk Dussehra

For the annual recovery to reach 2019 levels, though, it may still take another six to 12 months

Oriental Hotels Q2 net loss narrows to Rs 4.83 crore

Oriental Hotels Ltd, an associate company of The Indian Hotels Company Ltd, on Tuesday reported a consolidated net loss of Rs 4.83 crore for the second quarter ended September 30, 2021. The company had reported a net loss of Rs 17.88 crore in the July-September period of the previous financial year. Its revenue from operations stood at Rs 52.34 crore for the period under review as compared to Rs 15.8 crore in the year-ago period, Oriental Hotels said in a regulatory filing. The company's board at its meeting on Tuesday re-appointed Pramod Ranjan as managing director and CEO for a further term of three years with effect from November 11, 2021, based on the recommendation of the nomination and remuneration committee. Oriental Hotels has seven hotels, including Taj Coromandel, Chennai; Taj Fisherman's Cove Resort and Spa, Chennai; and Taj Malabar Resort and Spa, Kochi.

This Jhunjhunwala-owned hotel stock has rallied 32% so far in September

Indian Hotels shares have gained 25 per cent in the last four trading sessions

Hotel stocks rally; Indian Hotels at new high, Chalet, EIH gain up to 14%

Analyst believe hospitality business will be back to pre-Covid level by Q4FY22, if there won't be third wave of the pandemic

Indian Hotels launches new exclusive Taj The Chambers club in London

The Indian Hotels Company Limited (IHCL) has launched its newest membership club, Taj The Chambers, in London as part of a wider Re-imagined worldwide drive for India's leading hospitality brand.

Indian Hotels to raise Rs 3,000 cr via rights issue for capex, pruning debt

Tata Group's hospitality arm has been using rights issues for fund raising regularly. It raised Rs 1,500 cr in April 2017, Rs 1,000 cr in January 2016 and Rs 844 crore in Feb 2008

After a subdued Q1, hotels seeing sharp month-on-month recovery

But that's only when one takes into account the year-on-year performance. The first quarter of last year was a washout for the sector due to the nationwide lockdown

Pace of recovery key trigger for Indian Hotels, firm puts up strong Q1 show

Impact of second wave on operations was lower than what street had estimated

Stocks to watch: Zomato, Shree Cement, RIL, PNB Housing Fin, Indian Hotels

Allcargo group firm Gati Limited has appointed Pirojshaw Sarkari as its CEO, the company said on Monday

Indian Hotels rallies 6% on heavy volumes, hits 20-month high

With international arrivals dropping at an alarming rate due to travel restrictions and advisories from time to time, the demand for hospitality is expected to arise mainly from the domestic sector

Trading ideas by HDFC Securities: Buy Indian Hotels, United Breweries

The stock price of Indian Hotels has broken out from its three-week-long consolidation

Premium restaurants get hooked to the sweet taste of food delivery

Premium restaurants see gourmet meals on wheels as a long-term business

Reserve bank's special credit window for hotels, salons starts Monday

The facility will be open till March 31, 2022, said an RBI statement.