TajGVK Hotels & Resorts Ltd Q1FY24; 19% fall in Profits

TajGVK Hotels & Resorts Limited, incorporated in 1995, is a joint venture between the Hyderabad-based GVK Group and Indian Hotels Company Limited (IHCL). The Company is engaged in the business of owning, operating & managing hotels, palaces, and resorts under the brand name of “TAJ”

Financial Results:

TajGVK Hotels & Resorts Ltd reported Revenues for Q1FY24 of ₹92.00 Crores up from ₹86.00 Crore year on year, a rise of 6.98%.

Total Expenses for Q1FY24 of ₹72.00 Crores up from ₹64.00 Crores year on year, a rise of 12.5%.

Consolidated Net Profit of ₹13.00 Crores down 18.75% from ₹16.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.11, down 17.25% from ₹2.55 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.