ITC Hotels on Friday reported a 74.30 per cent year-on-year (YoY) rise in consolidated net profit at Rs 132.77 crore for the September quarter compared with Rs 76.17 crore in the same quarter last year. Revenue from operations rose 7.9 per cent YoY to Rs 839.48 crore in Q2 compared with Rs 777.95 crore in the same quarter last year. The company reported a profit before tax of Rs 188.69 crore against Rs 113.60 crore YoY. Margin for the quarter came in at 29.3 per cent compared with 27.3 per cent in the same quarter last year. Advertisement

Following the development, the stock was trading 0.82 per cent lower at Rs 218.95 apiece on BSE.

ITC Hotels said its board has recommended for the approval of the members, a limit of 2 per cent of the issued and paid-up share capital of the company

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