Net Sales are expected to increase by 8.8 percent Y-o-Y (down 14.3 percent Q-o-Q) to Rs. 1,065.9 crore, according to ICICI Direct.
Net Sales are expected to increase by 9 percent Y-o-Y (down 5.8 percent Q-o-Q) to Rs. 1,246.4 crore, according to ICICI Direct.
Going forward, the company aims to improve margins by hiking rates wherever possible, increase in management fee income, higher income from new inventory and cost optimisation in payrolls and corporate overheads.
Hotel companies reported an encouraging performance amid rising room rates and occupancies. With a favorable supply demand situation we stay positive on the growth story for the sector
We have high conviction on Indian Hotels and it remains our top pick. From the midcap space, we like Royal Orchid.
Overall, the initiatives on rigorous restructuring, exits from non-core non-profitable businesses, and increased focus on improving margins appear to be bearing fruit
Net Sales are expected to increase by 5.5 percent Y-o-Y (down 3.9 percent Q-o-Q) to Rs. 1,107 crore, according to ICICI Direct.
A number of large companies have posted results since the earnings season started Thursday last week.
Indian Hotels' shares rose 2 percent in morning trade on Tuesday after the luxury hotels operator reported a 28 year-on-year rise in third quarter standalone net profit and said it would review its options over its bid for luxury hotels to trains operator Orient Express Hotels by the end of the current financial year.
The hospitality major will open 16 new hotels in the current financial year and has plans to open 11 more hotels in the next 2-3 years.