Indian Hotels Company has reported results for first quarter ended June 30, 2016.
The company has posted a net loss of Rs 9 crore for the quarter ended June 30, 2016 as compared to a net loss of Rs 4.81 crore for the same quarter in the previous year. Total income of the company increased by 3.53% at Rs 491.24 crore for quarter under review as compared to Rs 474.49 crore for the quarter ended June 30, 2015.
Indian Hotels company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, mid-market and value segments of the market.