Indian Hotels Company rises on turning black in Q1
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Indian Hotels Company is currently trading at Rs 272.80, up by 2.15 points or 0.79% from its previous closing of Rs. 270.65 on the BSE.
The scrip opened at Rs. 274.45 and has touched a high and low of Rs. 277.00 and Rs. 268.80 respectively. So far 218277 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 275.50 on 04-Aug-2022 and a 52 week low of Rs. 128.99 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 275.50 and Rs. 265.55 respectively. The current market cap of the company is Rs. 39032.58 crore.
The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 44.76% and 17.05% respectively.
Indian Hotels Company has reported results for first quarter ended June 30, 2022. The company has reported net profit of Rs 147.44 crore for the quarter under review as compared to net loss of Rs 190.24 crore for the same quarter in the previous year. Total income of the company increased by over 3-fold at Rs 788.04 crore for Q1FY23 as compared Rs 226.28 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net profit of Rs 180.84 crore for the quarter under review as compared to net loss of Rs 301.58 crore for the same quarter in the previous year. Total income of the company increased by over 3-fold at Rs 1,293.19 crore for Q1FY23 as compared Rs 370.30 crore for the corresponding quarter previous year.
