Shares of Indian Hotels closed at Rs138.30, up by 0.99% on the BSE while the Sensex closed at 34,300.47 up by 0.87%. Photo: Hemant Mishra/MintMumbai: Indian Hotels Company Ltd (IHCL), which runs the Taj hotel chain, on Monday reported a 12% increase in its consolidated net profit to Rs112.61 crore for the quarter ended 31 December, on the back of higher revenues and cost optimization measures. Last year, the company added and upgraded over 1,300 rooms including at its flagship Taj Mahal Palace in Mumbai. The company also said it has opened six hotels (443 keys) under Ginger, its budget hotel brand, across Mumbai, Gurgaon, Lucknow and Gujarat. Shares of Indian Hotels closed at Rs138.30, up by 0.99% on the BSE while the Sensex closed at 34,300.47 up by 0.87%.

Source: Mint February 12, 2018 16:18 UTC