Indian Hotels share price slumped over 4% on Thursday’s session after the hospitality chain reported its March quarter results (Q4FY24). The company said on Wednesday that its consolidated profit after tax rose by 29.36% to ₹438.33 crore for the fourth quarter that concluded in March 2024. In the same quarter last year, the hotel firm reported PAT of ₹338.84 crore.
According to a regulatory filing, its total income increased to ₹1,951.46 crore during the quarter under review from ₹1,654.54 crore during the same period the previous year.
However compared to a year earlier, its total expenses rose to ₹1,416.77 crore from ₹1,254.52 crore.
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