Moneycontrol
Jul 20, 2017 07:31 PM IST | Source: Moneycontrol.com

Taj GVK Hotels Q1 PAT may dip 63.4% YoY to Rs 0.9 cr: ICICI

Net Sales are expected to decrease by 15.2 percent Q-o-Q (up 6.7 percent Y-o-Y) to Rs 62.2 crore, according to ICICI. Taj GVK Hotels to report net profit at 0.9 crore down 63.4% year-on-year.

Taj GVK Hotels Q1 PAT may dip 63.4% YoY to Rs 0.9 cr: ICICI

ICICI has come out with its first quarter (April-June) earnings estimates for the Hotels sector. The brokerage house expects Taj GVK Hotels to report net profit at 0.9 crore down 63.4% year-on-year (up 49.3% quarter-on-quarter).

Net Sales are expected to decrease by 15.2 percent Q-o-Q (up 6.7 percent Y-o-Y) to Rs 62.2 crore, according to ICICI.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 1.1 percent Q-o-Q (up 4.8 percent Y-o-Y) to Rs 13.2 crore.

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