Taj GVK Hotels Q1 PAT may dip 63.4% YoY to Rs 0.9 cr: ICICI

ICICI has come out with its first quarter (April-June) earnings estimates for the Hotels sector. The brokerage house expects Taj GVK Hotels to report net profit at 0.9 crore down 63.4% year-on-year (up 49.3% quarter-on-quarter).

Net Sales are expected to decrease by 15.2 percent Q-o-Q (up 6.7 percent Y-o-Y) to Rs 62.2 crore, according to ICICI.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 1.1 percent Q-o-Q (up 4.8 percent Y-o-Y) to Rs 13.2 crore.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.