Hotel Stock Crashes 6% After Its Net Profit Falls 83% in Q1 FY27
Bengaluru, July 15 -- engaged in owning, operating, and managing luxury hotels, restaurants, banquets, and hospitality services under the Taj brand across South India, fell by 6.33 percent after the company reported June quarterly results with an 83.65 percent YoY decrease in net profit.
With a market capitalization of Rs. 2,296.79 crores, the share of Oriental Hotels Limited has reached an intraday low of Rs. 125 per equity share, down nearly 6.33 percent from its previous day's close price of Rs. 133.45. Since then, the stock has retreated and is currently trading at Rs. 128.60 per equity share.
Q1 FY27 Result Walkthrough:
Coming into the quarterly results of Oriental Hotels Limited, the company's consolidated revenue from operations...
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