The Indian Hotels Company Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 15, 2016 at 08:39 am EST
Share
The Indian Hotels Company Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, standalone net sales were INR 6,630.5 million compared with INR 6,001.5 million for the same period last year. Profit from operation before other income, financial cost and exceptional items was INR 1,459.6 million compared with INR 1,192.0 million for the same period last year. Profit from ordinary activities before tax was INR 1,087.7 million compared with INR 976.3 million for the same period last year. Net profit for the period was INR 617.0 million or INR 0.62 diluted per share as compared with net profit for the period of INR 518.6 million or INR 0.52 diluted per share for the same period last year.
For the nine months, standalone net sales were INR 14,136.1 million compared with INR 20,243.8 million for the same period last year. Profit from operation before other income, financial cost and exceptional items was INR 1,552.3 million compared with INR 1,161.7 million for the same period last year. Profit from ordinary activities before tax was INR 1,758.4 million compared with INR 722.9 million for the same period last year. Net profit for the period was INR 1,129.0 million or INR 1.14 basic and diluted per share as compared with net profit for the period of INR 371.3 million or INR 0.42 basic and diluted per share for the same period last year.
For the quarter, consolidated net profit after taxes, minority interest and share of profit/(loss) of associates was INR 1,00.50 million as compared to INR 618.40 million for the quarter ended December 31, 2014. Net sales were INR 13,089.7 million compared with INR 12,068.8 million for the same period last year. Profit from operation before other income, financial cost and exceptional items was INR 18,488 million compared with INR 16,248 million for the same period last year. Profit from ordinary activities before tax was INR 742.6 million compared with INR 1,296.6 million for the same period last year. Diluted earnings per share were INR 0.10 against INR 0.63 a year ago.
For the nine months, consolidated net loss after taxes, minority interest and share of profit/(loss) of associates was INR 88.1 million as compared to INR 706.7 million for the period ended December 31, 2014. Net sales were INR 33,624.7 million compared with INR 30,813.4 million for the same period last year. Profit from operation before other income, financial cost and exceptional items was INR 2,030.7 million compared with INR 1,128.8 million for the same period last year. Profit from ordinary activities before tax was INR 1,007.8 million compared with INR 147.8 million for the same period last year. Diluted loss per share was INR 0.11 against INR 0.88 a year ago.
The Indian Hotels Company Limited is an India-based hospitality company. The Company and its subsidiaries are primarily engaged in the business of owning, operating and managing hotels, palaces and resorts. Its portfolio comprises not only premium and luxury hotel brands, but also includes diverse F&B, wellness, salon, and lifestyle brands. The Company's brands include Taj, SeleQtions, Vivanta, Ginger, ama Stays & Trails, Taj Sats, Qmin, The Chambers, TajSATS, niu&nau, Khazana, Soulinaire, Loya, House of Nomad, F&B, Golden Dragon, and Seven Rivers, among others. Taj, the Company's flagship brand, has approximately 100 hotels in its portfolio with 81 in operation and 19 in the pipeline. Its Ginger brand has a portfolio of approximately 85 hotels across 50 locations, including 26 under development. The Company's culinary and food delivery platform is present in approximately 24 cities delivering via Qmin app and has an offline presence through Qmin Shops, Qmin QSR and Qmin food trucks.
The Indian Hotels Company Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015