Categories Earnings

Earnings Summary Of The Indian Hotels Company Limited For Q3 FY23

Indian Hotels Company Limited (NSE: INDHOTEL) is a hospitality company and is part of the Tata Group. It was founded in 1903 and operates under various brands such as Taj, SeleQtions, Vivanta, and Ginger. IHCL has a presence in over 100 locations worldwide, including India, North America, the United Kingdom, Africa, the Middle East, and South-East Asia. The company has a portfolio of over 200 hotels, resorts, and palaces.

The company’s revenue comes primarily from room sales, food and beverage sales, and other operating revenues such as spa and banquet services. In terms of earnings, Revenue from Operations for Q3 FY23 was ₹1,685.80 crore, a 52% increase from ₹1,111.22 crore in the same period last year. The third quarter’s other income, which contributed ₹57.71 Crore to the Total Revenue. Meanwhile, the Profit Before Tax improved to ₹495 Crore from ₹109.45 Crore from the same quarter previous year. The Consolidated Net Profit was ₹403.56 crore, up 320% from ₹95.96 crore in the same quarter last year. This quarter’s earnings per share was ₹2.69. In the same time period, the company’s Tax Expense increased up to ₹116 Crore from ₹23.17 Crore.

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