Indian Hotels Company announced that the Annual General Meeting (AGM) of the company will be held on 19 July 2018.

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Net profit of Indian Hotels Co rose 87.04% to Rs 65.37 crore in the quarter ended March 2018 as against Rs 34.95 crore during the previous quarter ended March 2017. Sales rose 10.76% to Rs 786.21 crore in the quarter ended March 2018 as against Rs 709.86 crore during the previous quarter ended March 2017.

For the full year,net profit rose 3.21% to Rs 147.77 crore in the year ended March 2018 as against Rs 143.18 crore during the previous year ended March 2017. Sales rose 7.59% to Rs 2583.95 crore in the year ended March 2018 as against Rs 2401.56 crore during the previous year ended March 2017.

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Net profit of Indian Hotels Co rose 70.43% to Rs 79.30 crore in the quarter ended March 2018 as against Rs 46.53 crore during the previous quarter ended March 2017. Sales rose 8.67% to Rs 1143.46 crore in the quarter ended March 2018 as against Rs 1052.22 crore during the previous quarter ended March 2017.

For the full year,net profit reported to Rs 103.52 crore in the year ended March 2018 as against net loss of Rs 45.60 crore during the previous year ended March 2017. Sales rose 2.06% to Rs 4103.55 crore in the year ended March 2018 as against Rs 4020.57 crore during the previous year ended March 2017.

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Meanwhile, the S&P BSE Sensex was down 221.57 points or 0.66% at 33,463.97.

On the BSE, 19,000 shares were traded on the counter so far as against the average daily volumes of 15.04 lakh shares in the past one quarter. The stock had hit a high of Rs 134.50 and a low of Rs 131.40 so far during the day. The stock had hit a record high of Rs 160.60 on 23 January 2018 and a 52-week low of Rs 101.41 on 22 August 2017.

The large-cap company has equity capital of Rs 118.93 crore. Face value per share is Rs 1.

Indian Hotels Company (IHCL) witnessed promoter holding rejig through open market transactions on 15 March 2018 on the BSE at an average price of Rs 130.40 per share. Sir Ratan Tata Trust sold 1.10 crore shares. Sir Dorabji Tata Trust offloaded 5.02 crore shares. Lady Tata Memorial Trust disposed of 1.77 crore shares. Tata Sons purchased 7.89 crore shares. Sir Ratan Tata Trust held 0.93%, Sir Dorabji Tata Trust 4.22%, Lady Tata Memorial Trust 1.49% and Tata Sons controlled 29.79% stake end December 2017.

On a consolidated basis, IHCL's net profit rose 12% to Rs 112.61 crore on 5.8% growth in net sales to Rs 1197.26 crore in Q3 December 2017 over Q3 December 2016.

The Indian Hotels Company (IHCL) and its subsidiaries, collectively known as Taj Group, is one of Asia's largest and finest group of hotels.

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