Indian Hotels profit up by 232% to shareholders, reaching ₹554.6 crore for the quarter ending in September 2024. In the same quarter of the previous fiscal year, IHCL had reported a net profit of ₹167 crore, according to the company’s exchange filing.
Operating revenue grew by 27.4%, rising to ₹1,826 crore compared to ₹1,433 crore in the prior year’s period. Total income for the current quarter reached ₹1,890.2 crore. Expenses for the company also saw an increase, climbing to ₹1,502 crore from ₹1,248.68 crore a year earlier.
In Q2 results Indian Hotels profit up by 232%, The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹501.27 crore, up 41.3% from ₹354.78 crore in the year-ago quarter. On the NSE, shares of IHCL closed at ₹688.30 per share, marking a slight rise of 0.53%.
Read Also: India’s Factory Growth Speeds Up in October, PMI Reveals