The Indian Hotels Company (IHCL) on Monday reported a 25 percent growth in consolidated Profit After Tax (PAT) to Rs 522.3 crore in the March quarter, on higher income and revenue. The hospitality company's PAT stood at Rs 417.8 crore in the year-ago period, the company said in a statement.
The company's revenue from operations grew 27.3 percent to Rs 2,425 crore in the fourth quarter of the ongoing fiscal compared to Rs 1,905.3 crore a year ago.
The earnings before interest, taxes, depreciation and amortization (EBITDA) grew 29.8 percent to Rs 856.6 crore in the quarter under review against Rs 659.7 crore in the year-ago period, while the margin stood at 35.3 percent against 34.6 percent on-year.
The board of the company also declared a dividend of Rs 2.25 per share.
In an exchange filing, the company, said "Recommended a dividend of Rs 2.25/- per Equity Share of Re 1/- each fully paid up of the Company @ 225 % (previous year ₹ 1.75/- per Equity Share of ₹ 1/- each fully paid up @ 175%), subject to the approval of the Members at the forthcoming Annual General Meeting."
Shares of Indian Hotels Company Ltd settled in at Rs 798.8 per share on the NSE, down 0.21 percent.
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