The Indian Hotels Co.'s consolidated net profit rose 33% in the third quarter of the current financial year, beating analysts' estimates.
The profit of the hospitality firm, which operates the Taj brand, increased to Rs 633 crore in the quarter ended December, according to an exchange filing on Friday. Analysts tracked by Bloomberg had pegged the profit at Rs 588 crore.
IHCL Q3 FY25 Highlights (Consolidated, YoY)
Revenue up 29% at Rs 2,533 crore versus Rs 1,964 crore (Bloomberg estimate: Rs 2,476 crore).
Ebitda up 31% to Rs 962 crore versus Rs 733 crore (Estimate: Rs 939 crore).
Margin expands to 38% versus 37.3% (Estimate: 37.90%).
Net profit up 33% to Rs 633 crore versus Rs 477 crore (Estimate: Rs 588 crore).
Shares of IHCL closed 0.23% higher at Rs 813.35 apiece on the National Stock Exchange, compared to a 0.47% decline in the benchmark Nifty 50.
(This is a developing story)
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