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Indian Hotels turns in Rs 72 cr profit in Q4 against a loss last year

Firm reports consolidated revenue of Rs 872.08 crore during the quarter as against Rs 615.02 crore in the year-ago period

IHCL announces launch of new Taj Hotel with branded residences in Chennai
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BS Reporter Mumbai
Tata group hospitality firm Indian Hotels Co (IHCL) reported a consolidated net profit of Rs 71.57 crore in the March quarter against a consolidated net loss of Rs 97.72 crore in the same period of the previous fiscal, IHCL said in a regulatory filing.

It reported consolidated revenue of Rs 872.08 crore during the quarter as against Rs 615.02 crore in the year-ago period. Its annual losses crimped to Rs 265 crore from Rs 796 crore in fiscal 2020-21. The hospitality firm said it has recorded the highest number of new hotel signings in India for the second consecutive year,

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