Indian Hotels Q4 FY11 Results : Net profit jumps 56.78%

by khalid on 25/05/2011 · 2 comments

India’s one of the largest hotel chain Indian Hotels Company Limited has posted a phenomenal increase in net profit for the period Q4 (ending Mar 2011) of the current fiscal (FY11). During the said quarter, net profit rises 56.78% to Rs 93.93 crore in comparison to Rs 59.91 crore of Q4 (ending Mar 2010) of previous year(FY10). The Indian Hotels Company Limited is engaged in the business of hoteliering with the exception of two jointly controlled entities, which are engaged in the business of air catering. The other areas of business include ready to eat/ready to cook foods business.

The company informed the share market (BSE/NSE) that the total income/net sales increased 19.74% to Rs 530.87 crore in quarter ended Mar 2011 when compared with the last years same quarter ended Mar 2010 which was Rs 443.34 crore. The company will open 16 new hotels in the current financial year and has plans to open 11 more hotels in the next 2-3 years.

The company reported a net loss Rs 87.26 crore for the FY11, which is 36.25% lower as compared to Rs 136.88 crore in FY10. Total sales, however, rose 4.91% to Rs 2891.71 crore in FY11 as compared to Rs 2,516.45 crore last year FY10.

Share’s Data :-
BSE Code : 500850
Mkt. Cap: Rs 5,996.25 Crores
Indian Hotels Company Ltd. share’s CMP is Rs 78.95 on 24th May 2011.

Stay tuned to BelltheBull Blog for more news on Indian Hotels Company Limited !

Related Posts Plugin for WordPress, Blogger...

Leave a Comment

{ 2 comments… read them below or add one }

satish kumar mehra May 25, 2011

Investment in Indian Hotels is to block money. Amount invested on 6th May, 11 @ Rs 105/ per share and complete one year passed. No growth and oinly downfall. Tata empires wants to show philanthropy activities at the cost of share holders money. Public shouldnot come under tgheir false promises.

Reply

khalid May 26, 2011

Hi Satish,

You can not generalize all the stocks of Tata’s as most of the stocks of Tata’s have gained 50 to 80$ in last one year. This particular stock is the exceptional case as due to some negative conditions in hotel business.

khalid

Reply

Previous post:

Next post: