SME Times is powered by   
Search News
Just in:   • PCs, gadgets shipment to exceed 2.35 bn in 2018  • Vodafone associates with HP, KPMG to help SMEs GST transition  • Glitter missing in Mumbai's Dhanteras shopping  • Neck and neck with Samsung, Xiaomi grows real big in India  • Google viewed as most authentic brand in India: Survey 
Last updated: 04 Feb, 2017  

taj-hotels-logoTHMB.jpg Indian Hotels net up 59 pc in Q3

hotel-taj-mumbai.jpg
   Top Stories
» PCs, gadgets shipment to exceed 2.35 bn in 2018
» GST collective decision of all parties: PM Modi
» India reiterates concern to US over H1-B visa issue
» North-East India emerging as new startup destination: Minister
» Handicraft fair attracts biz enquiries worth Rs 3150 cr
SME Times News Bureau | 04 Feb, 2017
Indian Hotels Company, a Tata Group firm, on Friday reported a 59 percent jump in its standalone net profit at Rs 92 crore for the quarter ended December 31, as compared to Rs 58 crore in the same period last year.

Company's total income from operations was at Rs 696 crore for the quarter ended December 31, 2016 as compared to Rs 663 crores reported for the corresponding period of the previous year.

EBITDA for the December quarter stood at Rs 218 crore as compared to Rs 197 crore reported for the year-ago period.

The company has divested 100 percent LLC interests in IHMS (Boston) LLC which owned 'Taj Boston' by United Overseas Holding Inc, a wholly owned overseas subsidiary of the company.

The hotel major has standalone gross debt of Rs 2,204 crore. After taking into account liquidity of Rs 265 crore, the net debt was Rs 1,939 crore as of December 31, 2016.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
65.95
64.30
UK Pound
87.75
84.85
Euro
77.85
75.20
Japanese Yen 58.75 56.80
As on 17 Oct, 2017
  Daily Poll
Small traders even below the threshold limit too should register under GST system?
 Yes
 No
 Can't Say
  Commented Stories
» Starting an import export business: Basic guide for beginners(21)
» GST revamp: Relief to exporters, SMEs(14)
» 'GST relaxations advanced Diwali celebrations'(1)
» Collateral free loans available for MSMEs: Minister(1)
» 'Students should apply for interest subsidy on education loans'(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter