Indian Hotel Q4 PAT seen up 74.5% YoY to Rs. 132 cr: ICICI Direct

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ICICI Direct has come out with its fourth quarter (January-March’ 19) earnings estimates for the Hotels sector. The brokerage house expects Indian Hotel to report net profit at Rs. 132 crore up 74.5% year-on-year (down 22.4% quarter-on-quarter).

Net Sales are expected to increase by 9 percent Y-o-Y (down 5.8 percent Q-o-Q) to Rs. 1,246.4 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 29.2 percent Y-o-Y (down 5.8 percent Q-o-Q) to Rs. 316 crore.

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