Indian Hotels slips over 5.10% after Tata group firm reports mixed fourth-quarter results
Indian Hotels' profit after tax (PAT) soared by 27 per cent to Rs 418 crore against Rs 328 crore Year-on-Year (YoY). It was below research estimates of Rs 430 crore. Revenue from operations were up by 17.20 per cent to Rs 1,905 crore compared to Rs 1,625 crore, slightly above analyst estimates of Rs 1,900. Its EBITDA also soared by 23 per cent to Rs 659 crore against Rs 535 crore YoY. It was also below analyst estimates of Rs 675.
Indian Hotels' profit soared by 27 per cent to Rs 418 crore against Rs 328 crore Year-on-Year (YoY).