Indian Hotels Company reports 31% rise in Q1 consolidated net profit

The Indian Hotels Company Ltd. | Hotel, Resort & Restaurants | Travel & Hospitality | BSE: 500850 | NSE: INDHOTEL

27 Jul 2023 Evaluate

Indian Hotels Company (IHCL) has reported results for first quarter ended June 30, 2023 (Q1FY24).

The company has reported 27.65% rise in its net profit at Rs 188.21 crore for the quarter under review as compared to Rs 147.44 crore for the same quarter in the previous year. Total income of the company increased by 18.64% at Rs 934.94 crore for Q1FY24 as compared Rs 788.04 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 30.51% rise in net profit at Rs 236.01 crore for the quarter ended June 30, 2023 as compared to Rs 180.84 crore for the same quarter in the previous year. Total income of the company increased by 17.21% at Rs 1,515.70 crore for Q1FY24 as compared Rs 1,293.19 crore for the corresponding quarter previous year.

Peers

Company Name	CMP
The Indian Hotels Co	732.25
ITC Hotels	158.85
Mahindra Holi.&Resor	198.85
EIH	318.00
Chalet Hotels	867.45
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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