Economic TimesLean R·
ITC Hotels Q1 Results: Net profit jumps 35% to Rs 180 crore; acquires GHK Hospitality for Rs 155 crore
ITC Hotels reported a thirty-six percent rise in net profit for the first quarter. Consolidated revenue from operations also increased compared to the previous year. The company announced the approved acquisition of GHK Hospitality & Infrastructures Ltd. This strategic move will expand their owned-asset portfolio in Ahmedabad. The hotel business and new branded residences vertical showed strong revenue growth.
Read at Economic Times →
