Indian Hotels Company reports over two fold jump in Q1 net profit

The Indian Hotels Company has reported results for first quarter ended June 30, 2013.

The company has reported over two fold jump in its net profit at Rs 9.78 crore for the quarter as compared to Rs 4.03 crore for the same quarter in the previous year. The total income from operation of the company has increased marginally by 0.04% at Rs 396.63 crore for quarter under review as compared to Rs 396.47 crore for the quarter ended June 30, 2012.

The Indian Hotels Company (IHCL) 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.