Indian Hotels Company trades jubilantly on reporting 10% rise in Q1 consolidated net profit
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The Indian Hotels Company is currently trading at Rs. 595.00, up by 17.75 points or 3.07% from its previous closing of Rs. 577.25 on the BSE.
The scrip opened at Rs. 574.60 and has touched a high and low of Rs. 600.45 and Rs. 574.00 respectively. So far 113239 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 663.40 on 26-Jun-2024 and a 52 week low of Rs. 371.45 on 27-Oct-2023.
Last one week high and low of the scrip stood at Rs. 601.90 and Rs. 571.15 respectively. The current market cap of the company is Rs. 84551.87 crore.
The promoters holding in the company stood at 38.12%, while Institutions and Non-Institutions held 45.62% and 16.27% respectively.
Indian Hotels Company has reported 10.94% rise in its net profit at Rs 208.80 crore for the quarter ended June 30, 2024 as compared to Rs 188.21 crore for the same quarter in the previous year. Total income of the company increased by 3.93% at Rs 971.71 crore for Q1FY25 as compared to Rs 934.94 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 10.25% rise in net profit at Rs 260.19 crore for Q1FY25 as compared to Rs 236.01 crore for the same quarter in the previous year. Total income of the company increased by 5.32% at Rs 1596.27 crore for Q1FY25 as compared to Rs 1515.70 crore for the corresponding quarter previous year.
