IHCL posts Q1 profit at Rs 9.1 crore
Tata group hospitality firm Indian Hotels Co Ltd (IHCL) today reported consolidated net profit of Rs 9.1 crore in the first quarter ended June 30, 2018.
The company had posted a consolidated net loss of Rs 28.44 crore in the same quarter last fiscal, IHCL said in a BSE filing.
Revenue from operations during the quarter under review stood at Rs 979.7 crore. It was at Rs 911.16 crore in the same quarter in the previous year.
IHCL Managing Director and Chief Executive Officer Puneet Chhatwal said, "It has been a great start to a historically slow quarter. Demand continues to outpace supply..."
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