Indian Hotels: Net Proft at Rs. 50 crore

Tata group company, hospitality major Indian Hotels that operates hotels and resorts under the Taj brand has posted a net profit at Rs. 50 crore for the third quarter ended December 31, 2011. The net profit for the corresponding quarter of the last fiscal was Rs 50.29 crore.

Its net sales for the third quarter ended December 31, increased 7.44% to Rs. 521.48 crore, as against Rs. 485.34 crore in the quarter ended December 31, 2010.

Indian Hotels is set to open new hotels under Vivanta brand at Bekal, Coorg and Gurgaon after having set up a new one at Coimbatore (Tamilnadu).

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