Indian Hotels Company Q1 net up 127 pc

Mumbai, July 27 (UNI) Indian Hotels Company Ltd (IHCL) has posted a profit after tax of Rs 38.50 crore for the quarter ended June 30, 2006 as compared to Rs 16.91 crore for the quarter ended June 30, 2005, an increase of 127.67 per cent.

Announcing the results, the company said its total income has increased from Rs 207.84 crore for the quarter ended June 30, 2005 to Rs 270.0 crore for the quarter ended June 30, 2006.

Further, the Company has informed that the Board has also approved an item on sub-division of the Company's Ordinary Shares from a face value of Rs 10 each to a face value of Re 1 each.

UNI SN PM SKB1650