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ITC Hotels Q3 results: Net profit rises 9.4% to ₹235 crore; revenue jumps 21% YoY

ITC Hotels Q3 results: ITC Hotels on Tuesday reported 9.4% rise in consolidated net profit for the third quarter ended December at ₹235 crore. The company, which listed on the stock exchanges post its demerger from ITC Ltd last year, had posted a net profit of ₹214.97 crore a year ago. During Q3, the company's revenue from operations stood at ₹1,230.68 crore, up 21% during the quarter under review as against ₹1,015.40 crore in the year-ago period.

ITC Hotels Q3 results: Net profit rises 9.4% to  ₹235 crore; revenue jumps 21% YoY

Credit: Livemint

Key Highlights

  • Total expenses also rose 10.6% to ₹714.64 crore from ₹646.20 crore in the corresponding October-December quarter of last year.
  • ITC Hotels’ hotel segment revenue grew 13.76% to ₹1,132.51 crore, up from ₹995.49 crore year-over-year.
  • The EBIT for the hotels segment increased by 22.96% to ₹336.79 crore, compared to ₹273.88 crore in the previous year.
  • In the December quarter, ITC Hotels’ revenue from the Real Estate segment amounted to ₹81.51 crore, with the segment's EBIT reaching ₹26.45 crore.
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Sources

  1. ITC Hotels Q3 results: Net profit rises 9.4% to ₹235 crore; revenue jumps 21% YoY

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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