Taj to have a hotel in Frankfurt; profit & revenue zoom in Q1

Thanks to a bumper summer travel season, Taj parent Indian Hotels Company Ltd (IHCL) has seen its revenue rise to Rs 1,516 crore in the quarter ended June 30, 2023, up 17% from Rs 1,293 crore in same period last year. The profit for this period rose to Rs 222 crore, up 31% from Rs 170 crore in Q1 last fiscal. IHCL shares closed 1.3% down at Rs 385 BSE Thursday when the broader market was down 0.66%.

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