Tata Group hospitality firm Indian Hotels Company Ltd (IHCL) on Tuesday (November 4) reported its results for the September quarter after market hours on Tuesday.

For the September quarter, Indian Hotels reported a 12% year-on-year growth in its topline to ₹2,124 crore, while its net profit, on an adjusted basis, increased by 15% from last year to ₹285 crore. The profit growth figure is excluding the one-off exceptional gain of ₹307 crore that the company made in the same quarter last year due to the subsidiarization of TajSATS.

Revenue from operations grew 11.8% year-on-year to ₹2,040.8 crore from ₹1,826 crore in the corresponding quarter of the previous year. IHCL's total expenses also increased to ₹ 1,671.54 crore, from ₹ 1,502.01 crore in the same quarter of the last fiscal.

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