ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the Hotels sector. The brokerage house expects Indian Hotel to report net profit at Rs. 22.9 crore up 49.4% year-on-year (down 81.3% quarter-on-quarter).
Net Sales are expected to increase by 8.8 percent Y-o-Y (down 14.3 percent Q-o-Q) to Rs. 1,065.9 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 18.4 percent Y-o-Y (down 53.9 percent Q-o-Q) to Rs. 131.1 crore.
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