Shares of Indian Hotels Company on Wednesday climbed over 6 per cent after it reported a consolidated net profit of Rs 69.30 crore for the second quarter ended September. Shares of the company advanced 6.27 per cent to Rs 155.70 on the BSE. On the NSE, they moved up by 6.24 per cent to Rs 155.70.
The Tata Group firm on Monday reported a consolidated net profit of Rs 69.30 crore for the second quarter ended September 30.
It had posted a net loss of Rs 5.57 crore in July-September quarter a year ago, Indian Hotels Company Ltd (IHCL) said in a filing to the BSE.
Its total income rose 4.83 per cent to Rs 1,028.57 crore during the quarter under review as against Rs 981.15 crore in the corresponding quarter of the previous fiscal.
Equity markets were closed on Tuesday on account of Guru Nanak Jayanti.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.