Tata group's hospitality firm Indian Hotels Company today reported a consolidated net profit of Rs 34.78 crore for the first quarter ended June 30, 2015.
The company had posted a net loss of Rs 34.82 crore during the corresponding period of the previous fiscal, Indian Hotels Company said in a filing to BSE.
Consolidated net sales of the company rose to Rs 1,032.92 crore during the quarter under consideration as against Rs 937.46 crore in the year-ago period.
Indian Hotels Company Ltd and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces.
Taj Hotels Resorts and Palaces currently has 93 hotels in 55 locations across India and 16 international hotels in Maldives, Malaysia, Australia, UK, USA, Bhutan, Sri Lanka, Africa and the Middle East.
Shares of the company today closed at Rs 93.50 per scrip on BSE, up 1.63 per cent from its previous close.
