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Last Updated : Jul 18, 2019 01:04 PM IST | Source: Moneycontrol.com

Taj GVK Hotels Q1 PAT may dip 45.2% YoY to Rs. 2.1 cr: ICICI Direct

Net Sales are expected to increase by 8.1 percent Y-o-Y (down 15.9 percent Q-o-Q) to Rs. 78.7 crore, according to ICICI Direct.

 
 
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ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the Hotels sector. The brokerage house expects Taj GVK Hotels to report net profit at Rs. 2.1 crore down 45.2% year-on-year (down 83% quarter-on-quarter).


Net Sales are expected to increase by 8.1 percent Y-o-Y (down 15.9 percent Q-o-Q) to Rs. 78.7 crore, according to ICICI Direct.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6.5 percent Y-o-Y (down 51.7 percent Q-o-Q) to Rs. 13.8 crore.


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First Published on Jul 18, 2019 01:04 pm
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