Indian Hotels Company has reported results for second quarter ended September 30, 2016.
The company has reported a net profit of Rs 27.65 crore for the quarter ended September 30, 2016 as compared to a net loss of Rs 7.12 crore for the same quarter in the previous year. The company’s total income has increased by 3.12% to Rs 524.72 crore for the quarter under review from Rs 508.83 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported a net loss after taxes, minority interest and share of profit/(loss) of associates / joint ventures of Rs 26.76 crore for the quarter ended September 30, 2016 as compared to Rs 151.96 crore for the same quarter in the previous year. Total Income of the company has decreased by 3.41% to Rs 896.08 crore for quarter under review from Rs 927.74 crore for the quarter ended September 30, 2015.
