Indian Hotels Q1 net zooms 128%, to split stock 1:10

Indian Hotels Company today reported a 127.67% increase in net profit at Rs 38.50 crore for the first quarter ended June 30, 2006 when compared with Rs 16.91 crore in Q1FY06.

According to a release issued by the company to the BSE today, total income increased to Rs 270 crore from Rs 207.84 crore in Q1FY06.

The board approved a proposal for sub-division of shares from a face value of Rs 10 each to a face value of Re 1 each, the release added.