ITC Hotels reports revenues of Rs 1054 cr for Q2, PAT at Rs 203 cr

ITC Hotels has reported strong financial results for the second quarter, with revenues reaching Rs 1054 crore. This represents a 26% increase from the same period last year, driven by higher room rates, improved occupancy, and growing demand for business events. The company's net profit also rose by 52% to Rs 203 crore, a significant improvement that reflects the growth of its hotel business. This strong performance is likely to boost investor confidence in the company's ability to drive growth and increase profitability.

Why it matters

ITC Hotels reported strong second-quarter growth, with revenue rising 26% and net profit increasing 52% year on year. This growth is supported by higher room rates and occupancy, which could lift investor sentiment and pull in foreign capital.

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