Indian Hotel Q1 PAT seen to Rs. 67.3 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 22) earnings estimates for the Hotels sector. The brokerage house expects Indian Hotel to report net profit at Rs. 67.3 crore (down 9.3% quarter-on-quarter).

Net Sales are expected to increase by 202 percent Y-o-Y (up 19.3 percent Q-o-Q) to Rs. 1,040.6 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to (up 55.8 percent Q-o-Q) to Rs. 247.7 crore.

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