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TajGVK Hotels & Resorts has posted a profit of Rs 10.13 crore for the fourth quarter ended March 31, 2019 as against a profit of Rs 7.29 crore for the corresponding quarter of previous year.
The hospitality company posted total revenues of Rs 93.51 crore for the fourth quarter as against Rs 85.33 crore for the same period of previous fiscal. For the financial year ended March 31, 2019, the company has posted a profit of Rs 24.32 crore and income of Rs 324.09 crore as against a profit of Rs 21 crore and income of Rs 290.88 crore for the previous fiscal.
The Board of Directors recommended a dividend of 60 paise, working out to 30 per cent per equity share of Rs 2 each for the financial year ended March 2019, subject to approval of the shareholders at the Annual General Meeting to be held later.
The company’s other expenses for the year ended March 2019 includes Rs 4 crore and Rs 19.45 crore respectively towards repairs and renovation expenses at Taj Krishna, Taj Deccan and Taj Chandigarh properties.
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