Indian Hotels Q3 results: This company made huge earnings, there was a rise in shares too, know how many thousand crores profit…

Indian Hotels Q3 results: Indian Hotels, the hotel business company of the leading business conglomerate Tata Group, released its third quarter financial results today. The company said in its exchange filing that its consolidated profit has increased by 28.8 percent to Rs 582.32 crore.

At the same time, the EBITDA of the company has increased by 31.3 percent to Rs 961.68 crore. The consolidated income of the company has also increased by 29 percent to Rs 2 thousand 533 crore. With this, EBITDA margin has increased from 37.3 percent to 38 percent.

8 new hotels opening in Q3

The company inaugurated 8 new hotels in the third quarter, taking the company's total to 237 active hotels. These include Taj hotels at Puri and Cochin International airports, Selectians in Thimphu, Goa and Kumbhalgarh, Tree of Life resort in Bandhavgarh and 2 Ginger hotels in Diu and Goa.

Punit Chhatwal, Managing Director and CEO, IHCL, said, “Q3 is the eleventh consecutive quarter in which the hotel segment has recorded strong revenue growth of 16 per cent and EBITDA margin of 40.9 per cent. 40 percent of the revenue performance was driven by new businesses, which is growth without a like-to-like comparison.

Our same-store hotels also saw double-digit growth, including a 20 percent jump in the US portfolio. With integration of air and institutional catering business, revenue and PAT increased by 29 percent to Rs 2,592 crore and Rs 582 crore.

In the next quarter and the quarters of the upcoming financial year, demand in the region will continue to increase due to large-scale regional events, weddings and continued transient travel. ,

Rise in shares of Indian Hotels

Today, shares of Indian Hotels increased by 0.26 percent (Rs 2.10) and closed at Rs 813.80 on BSE. The share opened at Rs 824, up from the previous closing price of Rs 811.70. The highest level of the day was Rs 824 and the lowest level was Rs 803.85.

Indian Hotels stock performance

According to the official website of BSE, the shares of Indian Hotels have increased by about 1 percent in the last one week. However, in the last one month it has declined by about 7.51 percent. In the last 3 months, this stock has registered a rise of 18.52 percent. At the same time, it has increased by 38.73 percent in the last 6 months.