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TajGVK Hotels & Resorts Ltd Q2FY24; 66% 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 Q2FY24 of ₹89.00 Crores same from ₹89.00 Crore year on year.

Total Expenses for Q2FY24 of ₹75.00 Crores up from ₹66.00 Crores year on year, a rise of 13.64%.

Consolidated Net Profit of ₹11.00 Crores down 65.62% from ₹32.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.78, down 65.23% from ₹5.12 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.

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