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Indian Hotels Company reports 29% rise in Q4 consolidated net profit
Apr-25-2024

The Indian Hotels Company has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 23.46% rise in its net profit at Rs 369.08 crore for the quarter under review as compared to Rs 298.94 crore for the same quarter in the previous year. Total income of the company increased by 18.68% at Rs 1383.16 crore for Q4FY24 as compared Rs 1165.43 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 29.36% rise in its net profit at Rs 438.33 crore for fourth quarter ended March 31, 2024 as compared to Rs 338.84 crore for the same quarter in the previous year. Total income of the company increased by 17.95% at Rs 1951.46 crore for Q4FY24 as compared Rs 1654.54 crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the company has reported 29.88% rise in its net profit at Rs 1094.93 crore as compared to Rs 843.03 crore for the previous year. Total income of the company increased by 20.43% at Rs 4590.11 crore for year under review as compared to Rs 3811.32 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 26.35% rise in its net profit at Rs 1330.24 crore as compared to Rs 1052.83 crore for the previous year. Total income of the company increased by 16.86% at Rs 6951.67 crore for year under review as compared to Rs 5948.81 crore for year ended March 31, 2023.

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