New Delhi, Apr 28 (PTI) Indian Hotels Company Ltd (IHCL) shares jumped nearly 5 per cent on Thursday after the company reported a consolidated net profit of Rs 71.57 crore for the fourth quarter ended March 2022.
Shares of the company rallied 5.89 per cent to Rs 249.75 during the day at the BSE. It finally settled at Rs 246.65, a gain of 4.58 per cent.
On the NSE, it went higher by 4.98 per cent to end at Rs 247.50 apiece.
The company had posted a consolidated net loss of Rs 97.72 crore in the same period of FY21, IHCL said in a regulatory filing on Wednesday.
Consolidated revenue from operations during the quarter under review stood at Rs 872.08 crore against Rs 615.02 crore in the year-ago period.
Total expenses during the fourth quarter stood at Rs 894.16 crore, compared to Rs 754.15 crore in the same period a year ago, the company said.
For the fiscal ended March 31, 2022, IHCL said its consolidated net loss narrowed to Rs 264.97 crore. The consolidated net loss was at Rs 795.63 crore in FY21. PTI SUM BAL BAL
