TAJGVK Hotels & Resorts reports muted Q3FY17 result.

Bhagyashree Vivarekar / 01 Feb 2017

TAJGVK Hotels & Resorts reports muted Q3FY17 result.

The company reported total sales for Q3FY17 at Rs 72.4 crore, which represents a 10.5 per cent sequential increase and 0.04 per cent YoY decline.

TAJGVK Hotels & Resorts Ltd. announced its results for the quarter ended December 31, 2016, today. 

The company reported total sales for Q3FY17 at Rs 72.4 crore, which represents a 10.5 per cent sequential increase and 0.04 per cent YoY decline.

The company's operating profit (EBIT) for the quarter was Rs 14.58 crore, while its EBIT margin was 20.14 per cent.

The company's PAT of Rs 3.73 crore represents a sequential QoQ increase of 9.71 per cent and a YoY increase of 9.71 per cent.

The company's stock opened at Rs 134.05 on the BSE and rose 1.83 per cent to close at Rs 136.1.

TAJGVK Hotels & Resorts Ltd. operates in hoteliering business segment and has seven hotel properties in India.