Advertisement
ITC Hotels reported a rise in its consolidated net profit for the second quarter, reflecting stronger revenue from operations and controlled expense growth. The company earned INR 133.29 crore, up nearly 74% from INR 76.63 crore in the same period last year. Revenue increased to INR 839.48 crore from INR 777.95 crore, while total expenses rose slightly to INR 699.72 crore. Following its demerger and listing earlier this year, ITC Hotels also announced the promotion of Sudhir Gupta to Vice President - Procurement, strengthening senior management.
ITC Hotels reported a substantial improvement in its financial performance for the second quarter ended September, with consolidated net profit reaching INR 133.29 crore, marking a 74% increase compared to INR 76.63 crore in the same period last year. The rise in profit was largely supported by higher revenue from operations combined with disciplined expense management. Advertisement
Revenue from operations increased to INR 839.48 crore, up from INR 777.95 crore in the corresponding quarter last year. Total expenses also rose slightly to INR 699.72 crore from INR 671.29 crore, reflecting a stable cost structure despite growing business activity.
The company, which was listed on the stock exchanges earlier this year following its demerger from ITC Limited, continues to focus on consolidating its operations as an independent hospitality entity. In its latest regulatory filing, ITC Hotels informed that Sudhir Gupta, who previously headed procurement, has been promoted to Vice President - Procurement (Senior Management), strengthening the company's leadership team.
The hospitality firm's growth indicates a positive response to increased demand across leisure and business segments, as travelers resume activities and domestic tourism gradually strengthens. The quarter also reflects ITC Hotels' strategy to balance revenue growth with operational efficiency, positioning itself strongly in India's competitive hotel industry.
Source PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
