Indian Hotels Company has reported results for its third quarter ended December 31, 2011.
The company has posted a marginal rise of 0.38% in its net profit after tax of Rs 50.48 crore for the quarter ended December 31, 2011 as compared to Rs 50.29 crore for the same quarter in the previous year. Total income has increased by 8.50% from Rs 488.56 crore for Q3FY11 to Rs 530.07 crore in the quarter under review.
Indian Hotels Company is promoted by the Tata Group. It has long-standing operations spanning over 100 years and operates the largest hotel chain in South Asia. IHCL, its subsidiaries and associates are widely recognized under the umbrella brand name ‘Taj Hotels Resorts and Palaces’, which has 107 hotels with a room inventory of 12,795 rooms as on March 31, 2011.
