Indian Hotels quarter 4 net profit up by 87 pc

Mumbai, Jun 8: Indian Hotels Company Ltd, a Tata Group enterprise, has posted a net profit of Rs 78.85 crore for the quarter ended March 31 this year as compared to Rs 42.18 crore for the quarter ended March 31 last year, an increase of 86.93 per cent.

Announcing the results, the company said its total income rose from Rs 271.35 crore in Q4 FY 04-05 to Rs 368.73 crore for Q4 FY 05-06.

It has posted a net profit after tax of Rs 183.78 crore for the year ended March 31 (FY 05-06) as compared to Rs 105.86 crore for the year ended March 31 (FY 04-05). Total Income has increased from Rs 873.24 crore in FY 04-05 to Rs 1127.57 crore for FY 05-06.

The Board of Directors of the company has recommended a dividend of 130 per cent on Ordinary Shares of Rs 10/- each fully paid up of the Company as compared to previous year's 100 per cent.

UNI