Ventive Hospitality has reported 49 percent fall in its consolidated net profit to Rs 22 crore in the December quarter. The company had posted a net profit of Rs 43 crore in the year-ago period.
Shares of Ventive Hospitality Ltd. traded under selling pressure on February 13 at Rs 701.20 per share on the NSE, down 0.23 percent.
The stock opened gap-down with a loss of 4.67 percent in today's trading session. The scrip touched an intraday low of Rs 661.35, falling 5.9 percent.
The revenue from operations increased 323 percent to Rs 534 crore in the December quarter of the current fiscal from Rs 126 crore in the same period a year ago, according to the exchange filing by the company.
The total income of the company increased 325 percent to Rs 566.36 crore during the quarter under review from Rs 133 crore in the year-ago period.
Ventive Hospitality shares made their stock market debut in December 2024, listing at Rs 716 on the NSE, with a modest premium of 11 percent over the IPO price of Rs 643 per share.
Ventive Hospitality is a joint venture between US-based Blackstone Group and Panchshil Realty, operating as a hospitality asset owner focusing on luxury offerings across India and the Maldives. The company’s partnerships with renowned brands like JW Marriott, Hilton, and The Ritz-Carlton, as well as marquee tenants such as HSBC, Deutsche Bank, and Starbucks, underline its strong market presence.
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