Shares of Taj GVK Hotels and Resorts Ltd. surged 1.79% to trade at ₹329.35 on the NSE as of 10:03 am, following the release of its robust Q2 FY25 results.
Key Financial Highlights:
- Net Profit: The company reported a consolidated net profit of ₹19.65 crore for Q2 FY25, marking a significant increase of 76.46% from ₹11.13 crore in the same period last year. This is also a notable rise from the ₹12.71 crore net profit recorded in the June quarter.
- Revenue Growth: Revenue from operations rose 17.61% YoY to ₹105.17 crore in Q2, up from ₹89.42 crore in the year-ago period. The revenue for the June quarter stood at ₹89.42 crore.
- EBITDA and Margins: EBITDA increased by 36.6%, with the margin improving to 28% compared to 24.2% YoY, showcasing enhanced operational efficiency.
The strong quarterly performance, driven by growth in revenue and profitability, has contributed to positive investor sentiment around Taj GVK Hotels, reflected in the upward movement of its stock price.
