Indian Hotels Company Ltd., incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 24593.86 Crore) operating in Tourism & Hospitality sector.
Indian Hotels Company Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 370.30 Crore, down -40.89 % from last quarter Total Income of Rs 626.47 Crore and up 111.19 % from last year same quarter Total Income of Rs 175.34 Crore. Company reported net profit after tax of Rs -270.05 Crore in latest quarter.
Investment Rationale
The balance-sheet provides strong levers to growth while efficient operations would drive healthy margin expansion. The brokerage remains positive on the company and maintains BUY rating
Promoter/FII Holdings
Promoters held 40.8 per cent stake in the company as of June 30, 2021, while FIIs held 12.6 per cent, DIIs 28 per cent and public and others 18.7 per cent.
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