Indian Hotels Company registers an increase of 57% in its net profit of Q4

Indian Hotels Company has announced the results for the quarter and year ended March 31, 2011.

The Company has posted a jump of 57% in profit after tax of Rs 93.93 crore for the quarter ended March 31, 2011 as compared to Rs 59.91 crore for the quarter ended March 31, 2010. Its total income has increased from Rs 451.83 crore for the quarter ended March 31, 2010 to Rs 546.30 crore for the quarter ended March 31, 2011.

For the year ended March 31, 2011, the company has posted a profit after tax of Rs 141.25 crore as compared to Rs 153.10 crore for the year ended March 31, 2010, down 8%. Total income of the company has increased from Rs 1517.03 crore for the year ended March 31, 2010 to Rs 1713.19 crore for the year ended March 31, 2011.

On consolidated basis, the group has posted a loss after tax of Rs 87.26 crore for the year ended March 31, 2011 as compared to net loss of Rs 136.88 crore for the year ended March 31, 2010. Its total income has increased from Rs 2548.72 crore for the year ended March 31, 2010 to Rs 2927.44 crore for the year ended March 31, 2011.