newsdog Facebook

IHCL reports Rs 7cr profit in Q1, 2017

Hospitality BIZ 2017-08-07 10:53:00

Indian Hotels Company Limited (IHCL), which owns Taj Group of Hotels, reported Revenue from Operations of Rs 524 crores for the quarter ended June 30, 2017 as compared to Rs 474 crores reported for the corresponding quarter of the previous year. Excluding onetime event, the underlying growth is 6%.

Operating EBITDA for the quarter ended June 30, 2017 was Rs 76 crores (Excluding onetime event Rs 63 crores) as compared to Rs 53 crores reported for the corresponding quarter of the previous year.

Profit after Tax (PAT) for the quarter ended June 30, 2017 was Rs 7 crores, as compared to Loss of Rs 9 crores for the corresponding quarter of the previous year.

The Company reported Consolidated Income from Operations of Rs 907 crores for the Quarter ended June 30, 2017 as compared to Rs 947 crores (excluding Taj Boston Rs 877 crores) corresponding quarter of the previous year.

During the quarter product upgradation programme commenced for Taj Mahal Palace, Mumbai, Taj Lands’ End, Mumbai, Taj Exotica Goa, Vivanta by Taj – Fort Aguada Beach Resort, Goa, Vivanta by Taj- Connemara, Chennai, Vivanta by Taj - President, Mumbai and Vivanta by Taj - Gomti Nagar, Lucknow.

 

Hotelier Summit India
Mumbai
June 5-7, 2017

Tourism Investors Meet 2017
FICCI, New Delhi
July 5-6

CII Tamil Nadu Travel Mart
Chennai
July 6-8, 2017

IATO Convention
Mayfair Convention Centre,
Bhubaneswar
September 7-10, 2017

ITB Asia
Marina Bay Sands,
Singapore
October 25-27, 2017

Business and Luxury Travel Mart
Delhi (BLTM)

Gurgaon,
Delhi-NCR
October 26-27, 2017

IDE Expo Summit
October, 2017
Hyderabad

HIFI
JW Marriott Hotel
Mumbai Sahar
Nov 20-21, 2017