{"id":122719,"date":"2024-04-19T12:15:49","date_gmt":"2024-04-19T06:45:49","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=122719"},"modified":"2024-04-19T12:15:54","modified_gmt":"2024-04-19T06:45:54","slug":"tata-group-stock-down-after-announcing-weak-q4-results","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-group-stock-down-after-announcing-weak-q4-results\/","title":{"rendered":"Tata Group Stock down after announcing weak Q4 results"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3156941435\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Tata Group stock engaged in the business of owning, operating &amp; managing hotels, palaces, and resorts slips upto 4 percent in the day\u2019s trade upon posting muted results for the quarter\/year ended March 31, 2024.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2472652783\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 2,362 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ORIENTHOT\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Oriental Hotels Limited<\/a><\/strong> were trading at Rs. 132.25, down 1.49 percent from its previous day\u2019s close price of Rs. 134.25.\u00a0<\/p><p>Tata Group\u2019s subsidiary Oriental Hotels Limited has announced the financial results of the company for the quarter\/year ended March 31, 2024, as follows&nbsp;<\/p><p>Its revenue from operations declined by 3.51 percent YoY from Rs. 111.40 Crores in Q4FY23 to Rs. 107.48 Crores in Q4FY24 and it grew by 5.31 percent QoQ from Rs. 102.06 Crores in Q3FY24 to Rs. 107.48 Crores in Q4FY24. Annually it generated revenue of 392.81 Crores in FY23 and Rs. 391.03 Crores in FY24 indicating a decline of 0.45 percent YoY.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3988818656\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Its Net Profit declined by 8.38 percent YoY from Rs. 18.01 Crores in Q4FY23 to Rs. 16.50 Crores in Q4FY24 and it declined by 2.25 percent QoQ from Rs. 16.88 Crores in Q3FY24 to Rs 16.50 Crores in Q4FY24.Annually it generated a profit of 58.47 Crores in FY23 and Rs. 55.34 Crores in FY24 indicating a decline of 5.35 percent YoY.&nbsp;<\/p><p>Oriental Hotels Limited is an associate company of The Indian Hotels Company Limited (IHCL), it is engaged in the business of owning, operating &amp; managing hotels, palaces, and resorts.&nbsp;<\/p><p>Oriental Hotels Limited operates seven hotels under the IHCL brands of Taj, SeleQtions, and Vivanta with an inventory of 827 rooms which includes 58 suites, and employs around 1180 people&nbsp;<\/p><p>According to the latest shareholding data available for the December 2024 quarter, the company\u2019s Promoters hold a 67.56 percent stake, the Domestic Institutional Investors hold 1.92 percent and the Foreign Institutional Investors (FII) hold 0.69 percent.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\">Disclaimer<\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3676414141\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Tata Group stock engaged in the business of owning, operating &amp; managing hotels, palaces, and resorts slips upto 4 percent in the day\u2019s trade upon posting muted results for the quarter\/year ended March 31, 2024.&nbsp; With a market capitalization of Rs. 2,362 Crores, the shares of Oriental Hotels Limited were trading at Rs. 132.25, down [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":32602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[17817,16197,948,936,3153,3157,2597],"class_list":["post-122719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-oriental-hotels-latest-news","tag-oriental-hotels-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Group Stock down after announcing weak Q4 results<\/title>\n<meta name=\"description\" content=\"Tata Group stock engaged in the business of owning, operating 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