Indian Hotels surges 6% on healthy Q4 turnaround, strong demand outlook

The management said business outlook is positive with April and May trending ahead of 2019.

Shares of Indian Hotels Company Limited (IHCL) moved higher by 6 per cent to Rs 249.60 on the BSE in Thursday’s intra-day trade after the company reported a reported a consolidated net profit of Rs 71.57 crore for the March quarter (Q4FY22) as against a consolidated net loss of Rs 97.72 crore in the same period of the previous fiscal.

At 09:59 am; the stock traded 4.5 per cent higher at Rs 246.55 as against a 0.37 per cent rise in the S&P BSE Sensex. The stock had hit a record high of Rs 260.30 on April 13, 2022.