Mumbai: Tata Group firm Indian Hotels on Thursday said its net profit in the third quarter (Q3) of current fiscal year plummeted 37.69% to Rs83.85 crore.
The company had a net profit of Rs134.58 crore in the third quarter last financial year, Indian Hotels Company said in a filing to the Bombay Stock Exchange.
Total income of hotels, resort and restaurant firm also fell to Rs478.61 crore in December quarter of FY 09, from Rs525 crore last fiscal.
For the nine-month period ended 31 December, the Tata Group firm posted a net profit of Rs195.78 crore, a 19.29% decline over the corresponding period a year ago. It had a net profit of Rs242.58 crore in the same period FY 08.
Shares of Indian Hotels were trading at Rs38.95, unchanged from its previous close on the BSE.