Indian Hotels Company jumps on reporting 18% rise in Q3 consolidated net profit
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The Indian Hotels Company is currently trading at Rs. 503.70, up by 9.35 points or 1.89% from its previous closing of Rs. 494.35 on the BSE.
The scrip opened at Rs. 518.85 and has touched a high and low of Rs. 518.85 and Rs. 501.25 respectively. So far 203352 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 518.85 on 2-Feb-2024 and a 52 week low of Rs. 298.20 on 22-Feb-2023.
Last one week high and low of the scrip stood at Rs. 518.85 and Rs. 474.90 respectively. The current market cap of the company is Rs. 71790.80 crore.
The promoters holding in the company stood at 38.12%, while Institutions and Non-Institutions held 45.61% and 16.28% respectively.
Indian Hotels Company has reported results for third quarter ended December 31, 2023 (Q3FY24).
The company has reported 34.34% rise in net profit at Rs 380.42 crore for the third quarter ended December 31, 2023 as compared to Rs 283.18 crore for the same quarter in the previous year. Total income of the company increased by 22.14% at Rs 1323.19 crore for Q3FY24 as compared Rs 1083.31 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported 18.18% rise in its net profit at Rs 476.93 crore for Q3FY24 as compared to Rs 403.56 crore for the same quarter in the previous year. Total income of the company increased by 14.92% at Rs 2003.64 crore for Q3FY24 as compared Rs 1743.51 crore for corresponding quarter of the previous year.
