- For the year ended March 31, 2005, the company reported 26 per cent growth in revenues at Rs873 crore as against Rs694 crore achieved in the previous year. For the quarter ended March 31, 2005, the revenue was Rs270 crore compared to Rs221 crore in the corresponding period of the previous financial year, a growth of 22 per cent.
- The gross profit for the financial year 2004/05 grew by 62 per cent from Rs128 crore in the previous year to Rs207 crore in the current year. Quarterly gross profit also improved by a similar percentage from Rs46 crore in the previous year to Rs74 crore in the current year.
- The company's profit after tax improved by 74 per cent, increasing from the previous year's level of Rs 61 crore to Rs106 crore. Profit after tax for the quarter grew by 15 per cent.
- With strong performance from its subsidiaries, joint ventures and associates, consolidated revenues of the company for the full year, based on unaudited accounts currently under review by the statutory auditors, increased by 30 per cent to Rs1,365 crore compared to Rs1,046 crore achieved in the previous year. Consolidated gross profit for the financial year 2004/05 improved by 73 per cent from Rs222 crore achieved in the previous year to Rs385 crore in the current year. The consolidated profit after tax improved by 81 per cent, growing from the preceding year's level of Rs72 crore to Rs130 crore.
Announcing the results, Raymond Bickson, managing director said, "The growth was driven by healthy improvement in average room rates due to heavy tourist traffic in most locations, backed by steady growth in its food and beverage business."