Q3FY17 results: Indian Hotels Company
Bhagyashree Vivarekar / 03 Feb 2017
Indian Hotels Company Ltd. reported its results for the quarter ended December 31, 2016 today. The company's total sales for Q3FY17 were Rs 1129.3 crore, which represent a 27.61 per cent sequential increase and 2.83 per cent YoY decline.
Indian Hotels Company Ltd. reported its results for the quarter ended December 31, 2016 today.
The company's total sales for Q3FY17 were Rs 1129.3 crore, which represent a 27.61 per cent sequential increase and 2.83 per cent YoY decline.
Its operating profit (EBIT) for the quarter was Rs 197.9 crore and its EBIT margin was 17.52 per cent.
The company's PAT was Rs 92.98 crore, as against the net loss of Rs 26.76 crore in Q2FY17 and YoY increase of 598.57 per cent.
The company's stock opened at Rs 110.45 on the BSE, and fell 0.5 per cent to close at Rs 109.6
Indian Hotels Company Ltd is the flagship company of Taj group. The company operates in the luxury, upper upscale, upscale and value segments of the market. Its other areas of business include Taj Air, a luxury private jet operation and Taj Yachts. The company also operates airline catering services.
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