Indian Hotels reports strong Q2 results and outlook
pre-market1 source ↓written by the desknot a recommendation
- to ₹653 crore
- 16%
- margins expanding
- 30.8%
Shares of Indian Hotels Ltd. are in focus following its Q2 results, with revenue up 12% to ₹2,124 crore and net profit rising 15% to ₹285 crore. EBITDA increased by 16% to ₹653 crore, with margins expanding to 30.8%. The company also signed 46 new hotels, enhancing its portfolio to 570.
This strong performance may boost investor sentiment in Thursday's trading session, given the market holiday on Wednesday.
Not investment advice. For informational purposes only.