The Indian Hotels Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 01, 2024 at 06:11 am EST
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The Indian Hotels Company Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 19,638.4 million compared to INR 16,858 million a year ago. Revenue was INR 20,036.4 million compared to INR 17,435.1 million a year ago. Net income was INR 4,519.5 million compared to INR 3,827.1 million a year ago. Basic earnings per share from continuing operations was INR 3.18 compared to INR 2.69 a year ago. Diluted earnings per share from continuing operations was INR 3.18 compared to INR 2.69 a year ago.
For the nine months, sales was INR 48,634.1 million compared to INR 41,844.8 million a year ago. Revenue was INR 50,002.1 million compared to INR 42,942.7 million a year ago. Net income was INR 8,413.1 million compared to INR 6,743.2 million a year ago. Basic earnings per share from continuing operations was INR 5.92 compared to INR 4.75 a year ago. Diluted earnings per share from continuing operations was INR 5.92 compared to INR 4.75 a year ago.
The Indian Hotels Company Limited is an India-based hospitality company. The Company and its subsidiaries are primarily engaged in the business of owning, operating and managing hotels, palaces and resorts. Its portfolio comprises not only premium and luxury hotel brands, but also includes diverse F&B, wellness, salon, and lifestyle brands. The Company's brands include Taj, SeleQtions, Vivanta, Ginger, ama Stays & Trails, Taj Sats, Qmin, The Chambers, TajSATS, niu&nau, Khazana, Soulinaire, Loya, House of Nomad, F&B, Golden Dragon, and Seven Rivers, among others. Taj, the Company's flagship brand, has approximately 100 hotels in its portfolio with 81 in operation and 19 in the pipeline. Its Ginger brand has a portfolio of approximately 85 hotels across 50 locations, including 26 under development. The Company's culinary and food delivery platform is present in approximately 24 cities delivering via Qmin app and has an offline presence through Qmin Shops, Qmin QSR and Qmin food trucks.
THE INDIAN HOTELS COMPANY LIMITED 
