Hyderabad-based TajGVK Hotels Q4 PAT rises 10.6 per cent
The TajGVK had reported a PAT of Rs 25.85 crore in the January-March quarter of FY24. Its total revenue for the quarter stood at Rs 130.59 crore against Rs 116.69 crore a year ago, a regulatory filing showed
New Delhi: TajGVK Hotels on Tuesday reported a 10.6 per cent rise in its consolidated profit after tax to Rs 28.6 crore for the fourth quarter of FY25.
The company had reported a PAT of Rs 25.85 crore in the January-March quarter of FY24. Its total revenue for the quarter stood at Rs 130.59 crore against Rs 116.69 crore a year ago, a regulatory filing showed.
The total expenses in the quarter also rose to Rs 96.48 crore from Rs 81.59 crore a year ago.
TAJGVK Hotels & Resorts Limited (TajGVK) is a joint venture formed through a strategic alliance between Hyderabad-based GVK Group and Indian Hotels Company Limited (IHCL) in 1999.
GVK Group is a multi-product and multi-location business conglomerate with several integrated companies in India and abroad. IHCL is a Tata enterprise with a chain of hotels, owning the Taj Group of Hotels, and manages and operates various hotels across the country and abroad.
The company owns and operates three five-star hotels in Hyderabad and one five-star hotel each in the cities of Chennai, Chandigarh, and one five-star luxury hotel in Mumbai through a joint venture company — Green Woods Palaces and Resorts Pvt Ltd.
