Taj GVK Hotels & Resorts Q3FY24 profit rises by 39.8% to Rs 24.21 crore, revenue up 5.4% on-year

Taj GVK Hotels & Resorts on Monday reported its third quarter earnings for the financial year 2023-24 with profit at Rs 24.21 crore, up 39.8 per cent in comparison to Rs 17.32 crore during the corresponding quarter of previous year.

It posted revenue from operations at Rs 111.13 crore, up 5.4 per cent as against Rs 105.41 crore during the third quarter of FY23. The company posted EBITDA at Rs 40.3 crore, up 21.8 per cent on-year.

The company’s total expenses during the quarter in review was down by 3 per cent on-year at Rs 77.31 crore. It was recorded at Rs 79.74 crore during the third quarter of the previous fiscal year.