Taj GVK Hotels has reported results for first quarter ended June 30, 2012.
On standalone basis, the company has posted a fall of 68.69% in its net profit at Rs 3.76 crore for the quarter ended June 30, 2012, as compared to Rs 12.01 crore for the same quarter in the previous year. However, total income of the company increased by 5.94% to Rs 62.46 crore for the quarter under review as compared to Rs 58.96 crore for the quarter ended June 30, 2011.
Taj GVK Hotels currently has five 5-star/D properties with a cumulative inventory of 902 rooms. Out of these three 5-star hotel properties are located in Hyderabad - an inventory of 531 rooms, viz., Taj Krishna, Taj Deccan (Residency) and Taj Banjara. The company also owns a 150 room hotel in Chandigarh (Taj Chandigarh) and a 220 room property in Chennai (Taj Mount Road).
| Company Name | CMP |
|---|---|
| Indian Hotel | 673.30 |
| ITC Hotels | 164.65 |
| EIH | 335.65 |
| Chalet Hotels | 788.70 |
| Mahindra Holi.&Resor | 239.45 |
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