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Indian Hotels Company reports 4- fold jump in Q3 consolidated net profit

01 Feb 2023 Evaluate

The Indian Hotels Company has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported 2- fold jump in its net profit at Rs 283.18 crore for the quarter under review as compared to Rs 124.09 crore for the same quarter in the previous year. Total income of the company increased 40.54% at Rs 1083.31 crore for Q3FY23 as compared to Rs 770.82 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 4- fold jump in its net profit at Rs 403.56 crore for the quarter under review as compared to Rs 95.96 crore for the same quarter in the previous year. Total income of the company increased 53.76% at Rs 1743.51 crore for Q3FY23 as compared to Rs 1133.92 crore for the corresponding quarter previous year.

Peers
Company Name CMP
The Indian Hotels Co 744.60
ITC Hotels 155.95
Mahindra Holi.&Resor 200.45
EIH 309.30
Chalet Hotels 859.70
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