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Indian Hotels Company reports 38% rise in Q2 consolidated net profit

27 Oct 2023 Evaluate

Indian Hotels Company has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The company has reported 38.56% rise in its net profit at Rs 157.22 crore for Q2FY24 as compared to Rs 113.47 crore for the same quarter in the previous year. Total income of the company increased by 22.50% at Rs 948.82 crore for Q2FY24 as compared Rs 774.54 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 38.10% rise in its net profit at Rs 178.97 crore for the quarter under review as compared to Rs 129.59 crore for the same quarter in the previous year. Total income of the company increased by 17.76% at Rs 1480.87 crore for Q2FY24 as compared Rs 1257.57 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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