ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Hotel & Tourism sector. The brokerage house expects Indian Hotel to report net profit at Rs. 91.2 crore (up 20% quarter-on-quarter).
Net Sales are expected to increase by 70.7 percent Y-o-Y (down 5.5 percent Q-o-Q) to Rs. 1,050 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 318.6 percent Y-o-Y (up 7.2 percent Q-o-Q) to Rs. 298.5 crore.
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