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Indian Hotels Q1 Results: Net profit up 31% at ₹222.4 crore, revenue jumps 16% YoY
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₹up 30.8 percent at ₹222.4 crore from ₹170.1 crore in the corresponding quarter of last year. Apart from this, the revenue too surged 15.8 percent at ₹1,466.4 crore in Q1FY24 against ₹1,266.1 crore in Q1FY23, it said in a stock regulatory filing.
The EBITDA of Indian Hotels Company Limited – collectively known as Taj Hotels Resorts and Palaces – was also up 8.5 percent at ₹410.2 crore against ₹377.9 crore YoY. During the period, the EBITDA margin was reported 28 percent against 29.9 percent YoY.
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