33.1 C
Delhi
Saturday, August 6, 2022
coral100
HomeBreaking NewsTaj GVK Hotels posts ₹16-crore net profit in Q1

Taj GVK Hotels posts ₹16-crore net profit in Q1

Taj GVK Hotels and Resorts reported net profit of ₹16 crore in the first quarter ended June 30. In the corresponding quarter of the previous financial year, the company posted ₹9-crore loss.
The Hyderabad-based company’s revenue more than doubled to ₹86 crore (₹25 crore).   “The resurgence in travel is reflected in the increased revenues. Travel recovery is broad based across leisure, corporate and conferences / events for all hotels in the portfolio. This, combined with cost optimisation measures, has resulted in a strong margin of 35 per cent in Q1 FY23,” GVK Reddy, Chairman, TAJGVK Hotels & Resorts, said in a release.
TajGVK Hotels & Resorts is a joint venture company of The Indian Hotels Company Ltd (IHCL). It also co-owns Taj Santacruz, Mumbai through a JV company, Greenwoods Palaces & Resorts Private Ltd.


Hindu Metro is a news and current affairs & Lifestyle, Entertainment website. We publish opinion articles, analyse issues, news reports (curated from various sources as well as original reporting) and fact-check articles.
Contact us: news.hindumetro@gmail.com
© HinduMetro by Hindumetro

source

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
coral100-website

Most Popular

Recent Comments