Indian Hotels soars 6% as it logs highest margin in 10 yrs for Sept quarter

Shares of Indian Hotels Company soared 6 per cent to Rs 156 on the BSE on Wednesday after the company reported EBITDA (earnings before interest, tax, depreciation and amortisation) margin improvement of 590 basis points (bps) at 17.7 per cent in September quarter (Q2FY20). EBITDA jumped 57 per cent year-on-year (YoY) to Rs 182 crore during the quarter. Both absolute EBITDA and EBITDA margin was highest in the last 10 years. 

The Tata Group company reported a consolidated net profit of Rs 71 crore during the quarter, against a net loss of Rs 5 crore in a year-ago period.