Tata group hospitality firm Indian Hotels Company Ltd (IHCL) on Friday reported a 54.55 per cent dip in its standalone net profit to Rs 31.16 crore for the quarter ended March 31. The company had posted a net profit of Rs 68.57 crore for the corresponding period of the previous financial year, IHCL said in a filing to the BSE.
Standalone revenue from operations of the company rose to Rs 707.03 crore for the quarter under consideration against Rs 685.88 crore for the same period a year ago.
For FY17, the net profit of the company, however, rose to Rs 141.94 crore