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Stock Report
Indian Hotels Q4 net profit at Rs.134.52 Crores
Posted On : 2007-06-19 06:24:49( TIMEZONE : IST )
Indian Hotels Company Ltd has announced the Audited financial results for the quarter & year ended March 31, 2007. The results for the Quarter ended March 31, 2007 are as follows: The Company has posted a profit after tax of Rs 1345.20 million for the quarter ended March 31, 2007 where as the same was at Rs 788.50 million for the quarter ended March 31, 2006. Total Income is Rs 5388.70 million for the quarter ended March 31, 2007 where as the same was at Rs 3714.20 million for the quarter ended March 31, 2006.
The results for the Year ended March 31, 2007 are as follows: The Company has posted a profit after tax of Rs 3223.90 million for the year ended March 31, 2007 where as the same was at Rs 1837.80 million for the year ended March 31, 2006. Total Income is Rs 16187.10 million for the year ended March 31, 2007 where as the same was at Rs 11548.00 million for the year ended March 31, 2006.
The Unaudited consolidated results for the Year ended March 31, 2007 are as follows: The Company has posted a profit after tax of Rs 3699.30 million for the year ended March 31, 2007 where as the same was at Rs 2487.40 million for the year ended March 31, 2006. Total Income is Rs 26658.70 million for the year ended March 31, 2007 where as the same was at Rs 19141.80 million for the year ended March 31, 2006.
The figures for the consolidated results for the year ended March 31, 2006 are Audited.
The Board of Directors at its meeting held on October 12, 2006 and, the Members at the Extraordinary General Meeting held on December 13, 2006 approved the amalgamation of Asia Pacific Hotels Ltd, Indian Resort Hotels Ltd., Gateway Hotels and Getaway Resorts Ltd., Taj Lands End Ltd, and Kuteeram Resorts Pvt. Ltd. with the Company with effect from April 01, 2006. The Honourable High Courts approved the Scheme of Amalgamation (Scheme) in March, 2007. The results for the year ended March 31, 2007 are therefore not comparable, to that extent, with the results of the previous year. To appropriately present the financial performance of the Company for the quarter and year ended March 31, 2007, the results for the nine months ended December 31, 2006 have been revised to give effect to the Scheme of Amalgamation.
