Indian Hotels has reported results for the third quarter ended December 31, 2013.
The company has reported 1.38% rise in its net profit at Rs 65.51 crore for the quarter as compared to Rs 64.62 crore for the same quarter in the previous year. Total income of the company has increased by 3.76% at Rs 571.38 crore for quarter under review as compared to Rs 550.65 crore for the quarter ended December 31, 2012.
The Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and is recognized as one of Asia's largest and finest hotel company. IHCL operate in the luxury, premium, mid-market and value segments of the market. Ginger (economy hotels) is IHCL’s revolutionary concept in hospitality. It currently comprises 105 hotels across India and 17 international hotels in the Maldives, Malaysia, Australia, UK, USA, Bhutan, Sri Lanka, Africa and the Middle East.
