Indian Hotels reports stellar Q1 numbers

Indian Hotels Company (IHCL) has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit for the quarter ended June 30, 2011 surged by 509.91% at Rs 20.31 crore as compared to Rs 3.33 crore for the corresponding quarter last year. Its total income has grown by 14.40% at Rs 383.01 crore for the quarter under review from Rs 334.80 crore for the same quarter last year.

Indian Hotels Company is promoted by the Tata Group. It has long-standing operations spanning over 100 years and operates the largest hotel chain in South Asia. IHCL, its subsidiaries and associates are widely recognized under the umbrella brand name ‘Taj Hotels Resorts and Palaces’, which has 107 hotels with a room inventory of 12,795 rooms as on March 31, 2011. The group also has presence in air catering, spas, wildlife lodges and service apartments.