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Indian Hotels Company surges on reporting consolidated net profit of Rs 72 crore in Q4FY22
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The Indian Hotels Company is currently trading at Rs. 247.60, up by 11.75 points or 4.98% from its previous closing of Rs. 235.85 on the BSE.
The scrip opened at Rs. 236.25 and has touched a high and low of Rs. 249.60 and Rs. 236.25 respectively. So far 580045 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 260.30 on 13-Apr-2022 and a 52 week low of Rs. 103.83 on 03-May-2021.
Last one week high and low of the scrip stood at Rs. 249.80 and Rs. 228.70 respectively. The current market cap of the company is Rs. 34700.36 crore.
The promoters holding in the company stood at 38.19%, while Institutions and Non-Institutions held 44.67% and 17.14% respectively.
The Indian Hotels Company has reported net profit at Rs 85.60 crore for the quarter ended March 31, 2022 as compared to net loss of Rs 49.54 crore for the same quarter in the previous year. Total income of the company increased by 41.25% at Rs 674.59 crore for Q4FY22 as compared Rs 477.57 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net profit at Rs 71.57 crore for the quarter ended March 31, 2022 as compared to net loss of Rs 97.72 crore for the same quarter in the previous year. Total income of the company increased by 52.42% at Rs 954.88 crore for Q4FY22 as compared Rs 626.47 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a net loss at Rs 34.45 crore as compared to net loss of Rs 524.78 crore for the previous year. However, total income of the company increased by 73.07% at Rs 2152.42 crore for year under review as compared to Rs 1243.67 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a net loss at Rs 264.97 crore as compared to net loss of Rs 795.63 crore for the previous year. However, total income of the company increased by 84.57% at Rs 3211.38 crore for year under review as compared to Rs 1739.88 crore for year ended March 31, 2021.
