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Indian Hotels Co Q3 net profit jumps 51 pc to Rs 170 cr

Press Trust of India  |  New Delhi 

hospitality firm Indian Hotels Company Tuesday reported a 50.99 per cent rise in its consolidated net profit to Rs 170.03 crore for the quarter ended December 31.

The company had posted a net profit of Rs 112.61 crore for the corresponding period previous fiscal, (IHCL) said in a BSE filing.

Consolidated revenue from operations stood at Rs 1,323.45 crore for the quarter under consideration as against Rs 1,197.26 crore for the same period a year ago.

Commenting on the results, IHCL MD and said: "The company delivered a strong performance in the third quarter of this current fiscal. We saw double digit growth in revenues, robust increase in EBITDA margins of 150 bps and a PAT growth of 50 per cent".

IHCL currently operates 178 hotels, including 30 under development globally across 4 continents, 12 countries and in over 80 locations.

Shares of closed at Rs 135.75 per scrip on the BSE, up 0.22 per cent from its previous close.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 12 2019. 18:05 IST