Dr. GVK Reddy, Chairman TAJGVK Hotels & Resorts Ltd -Photo By GPN
HYDERABAD, MAY 10, 2022 (GPN): TajGVK Hotels & Resorts Ltd. reported its financials for the fourth quarter of FY 2021-2022 ending March 31, 2022.
FINANCIAL RESULTS FOR THE 4th QUARTER ENDING MARCH 31st, 2022
Dr. GVK Reddy, Chairman TAJGVK Hotels & Resorts Ltd said “The Company has recorded substantial growth in Q4, despite the impact of the third wave in January 2022. TAJGVK reported a 92% increase in EBITDA and a positive PAT in the fourth quarter as compared to the same quarter, last year. With notable progression in subsequent quarters and a buoyant start to the year in April 2022, we are expecting sustained growth in the coming financial year.”
Greenwoods Palaces & Resorts Private Limited – a JV company which operates Taj Santacruz, reported an income of INR 27.50 Crore with an EBITDA of INR 9.09 Crore in Q4, FY 2021-22.
KEY HIGHLIGHTS
- Consistent with IHCL’s sustainability commitments, 5 TajGVK hotels have achieved EarthCheck Platinum certification.
About TajGVK Hotels & Resorts Limited
The company owns 6 hotels – Taj Krishna, Hyderabad; Taj Deccan Hyderabad; Taj Banjara Hyderabad; Vivanta Hyderabad, Begumpet; Taj Club House Chennai; Taj Chandigarh, Chandigarh. TajGVK Hotels & Resorts Limited is a Joint venture company of The Indian Hotels Company Limited (IHCL). It also co-owns Taj Santacruz, Mumbai through a JV company, Greenwoods Palaces & Resorts Private Limited.Ends
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