New Delhi. The Tata group companies are booming in the Indian stock market. Investing in Tata’s company in the stock market is considered a profitable deal of success. One such Tata Group company Indian Hotels has released its September quarter results. Indian Hotels has returned to the profit track during the quarter. The latest figures show that the company has made a net profit of Rs 121.56 crore. At the same time, the company had a net loss of Rs 120.58 crore during the same quarter a year ago.
Let us tell you that in the quarter ended September 2022, the sales of Indian Hotels increased by 69.23% to Rs 1232.61 crore. The sales during the previous quarter ended September 2021 stood at Rs 728.37 crore. The company’s EBITDA also grew 230% YoY to Rs 319 crore in the quarter. Indian Hotels reported that the company’s hotels in the US, UK, Dubai and Maldives have registered a strong recovery. Which is good news for those investing in the company.
7 percent fall on the last day of the week: It is worth noting that although the company had climbed the stairs of growth after September, but on the last trading day of the week i.e. Friday, the stock of Indian Hotels fell by up to 7 percent. During trading, the share price was at Rs 309, while at the end the price was Rs 315.25. At the same time, the market capital remained at the level of Rs 45 thousand crores.