Indian Hotels Q4 net dips 54.6%

Standalone revenue from operations of the company rose to Rs 707.03 crore

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Shapoor Mistry resigns from Indian Hotels board INDIAN-HOTEL-TATA Tourists use binoculars in front of the Taj Mahal hotel in Mumbai Tourists use binoculars in front of the Taj Mahal hotel in Mumbai (Photo: Reuters)

Press Trust of India New Delhi

Last Updated : May 26 2017 | 11:47 PM IST

Tata group hospitality firm Indian Hotels Company Ltd (IHCL) on Friday reported a 54.55 per cent dip in its standalone net profit to Rs 31.16 crore for the quarter ended March 31. The company had posted a net profit of Rs 68.57 crore for the corresponding period of the previous financial year, IHCL said in a filing to the BSE.

Standalone revenue from operations of the company rose to Rs 707.03 crore for the quarter under consideration against Rs 685.88 crore for the same period a year ago.

For FY17, the net profit of the company, however, rose to Rs 141.94 crore