Taj GVK Hotels & Resorts soars on reporting 9 fold jump in Q4 net profit

17 May 2018

Taj GVK Hotels & Resorts is currently trading at Rs. 227.70, up by 4.30 points or 1.92% from its previous closing of Rs. 223.40 on the BSE.

The scrip opened at Rs. 225.50 and has touched a high and low of Rs. 243.00 and Rs. 224.25 respectively. So far 75762 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 263.80 on 24-Apr-2018 and a 52 week low of Rs. 148.10 on 25-May-2017.

Last one week high and low of the scrip stood at Rs. 243.00 and Rs. 218.00 respectively. The current market cap of the company is Rs. 1435.86 crore.

The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 11.14% and 13.88% respectively.

The company has reported a jump of over 9 fold in its net profit at Rs 7.29 crore for the quarter ended March 31, 2018 as compared to Rs 0.79 crore for the same quarter in the previous year. The total income of the company has increased by 19.74% at Rs 85.33 crore for quarter under review as compared to Rs 71.26 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the company has posted a jump of 2 fold in its net profit at Rs 21.00 crore as compared to Rs 10.37 crore for the same period in the previous year. Total income of the company increased by 7.82% at Rs 290.88 crore for year under review as compared to Rs 269.78 crore for the period ended March 31, 2017.

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