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Indian Hotels Company gains on reporting 4- fold jump in Q3 consolidated net profit

The Indian Hotels Company is currently trading at Rs. 327.15, up by 0.55 points or 0.17% from its previous closing of Rs. 326.60 on the BSE.

Indian Hotels Company

The scrip opened at Rs. 322.95 and has touched a high and low of Rs. 327.50 and Rs. 320.65 respectively. So far 48620 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 348.70 on 06-Oct-2022 and a 52 week low of Rs. 180.75 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 330.40 and Rs. 280.20 respectively. The current market cap of the company is Rs. 46390.25 Crore.

The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 45.68% and 16.13% respectively.

Indian Hotels Company has reported 2- fold jump in its Net Profit at Rs 283.18 crore for the quarter ended December 31, 2022 as compared to Rs 124.09 crore for the same quarter in the previous year. Total income of the company increased 40.54% at Rs 1083.31 crore for Q3FY23 as compared to Rs 770.82 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 4- fold jump in its net profit at Rs 403.56 crore for the quarter under review as compared to Rs 95.96 crore for the same quarter in the previous year. Total income of the company increased 53.76% at Rs 1743.51 crore for Q3FY23 as compared to Rs 1133.92 crore for the corresponding quarter previous year.



This post first appeared on Udaipur Kiran, please read the originial post: here

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Indian Hotels Company gains on reporting 4- fold jump in Q3 consolidated net profit

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