Indian Hotels’ profit up 27% to Rs 418 cr in Q4

(20 second reading) Indian Hotels Company’s net profit jumped 27.43 percent year-on-year to Rs 418 crore in the Q4 2023-34, compared to Np of Rs. 328 Cr in the Q4 of 22-23.The company also declared a dividend of Rs 1.75 per share.
Consolidated revenue for the Q4 stood at Rs 1,951 crore, increasing from Rs 1,625 crore in the same period last year. For the full year, the net profit recorded a 26 percent YoY increase at Rs 1,259 crore, while the revenue grew 17 percent to Rs 6,952 crore.
Puneet Chhatwal, managing director & CEO of IHCL, said the company will continue to deliver double digit growth in FY25.