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Our businesses > Tata companies > Indian Hotels > Media releases |
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October 22, 2004
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The Indian Hotels Company Limited
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Unaudited
statement of financial results for the half
year ended September 30,
2004
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Rs
/ crore
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Particulars
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Quarter
ended
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Half
year
ended
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Year
ended
Mar, 31, 2004
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Sep
30, 2004
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Sep
30, 2003
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Sep
30, 2004
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Sep
30, 2003
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Audited
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Sales
and other Operating Income
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172.81
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137.56
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332.21
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267.19
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665.23
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Other
Income
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9.17
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5.75
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18.63
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10.01
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30.84
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Total
Income
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181.98
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143.31
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350.84
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277.20
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696.07
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Expenditure
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a. Consumption
of Raw Materials
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17.62
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15.07
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34.15
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29.60
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67.96
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b. Staff
Costs
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39.74
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36.15
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81.13
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71.76
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167.13
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c.
Fuel, Power and Light
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17.26
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16.60
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33.89
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33.23
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61.74
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d. Other
Expenditure
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74.30
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51.17
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138.81
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99.06
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266.02
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Total
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148.92
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118.99
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287.98
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233.65
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562.85
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Gross
Profit
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33.06
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24.32
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62.86
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43.55
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133.22
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Interest
(Net)
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7.87
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6.01
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16.92
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12.58
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26.92
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Depreciation
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13.04
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11.54
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25.31
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22.91
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48.57
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Profit
Before Extraordinary Items and Tax
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12.15
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6.77
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20.63
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8.06
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57.73
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Extraordinary
Items :- Profit on Sale of Hotel &
Property
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-
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1.63
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5.40
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27.54
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Profit
on Sale of Investments
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16.58
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-
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16.58
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(Less)
: Exceptional / Non - Recurring Items
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-
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(2.90)
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-
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(2.90)
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(5.07)
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Profit
Before Tax
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28.73
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5.50
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37.21
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10.56
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80.20
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Provision
for Tax Payable
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(1.47)
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-
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0.23
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-
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14.00
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Provision
for Deferred Tax
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7.89
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2.02
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8.27
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3.32
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5.55
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Profit
After Tax
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22.31
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3.48
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28.71
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7.24
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60.65
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Paid-up
Equity Share Capital
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45.12
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45.12
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45.12
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45.12
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45.12
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Reserves
Excluding Revaluation Reserves
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844.79
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Earnings
Per Share - Basic (Rs.)
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4.94
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0.77
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6.36
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1.60
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13.44
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Earnings
Per Share - Diluted (Rs.)
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4.06
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0.77
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5.40
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1.60
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13.06
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Aggregate
of Non - Promoter Shareholding
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No. of
Shares
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28,393,594
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28,331,050
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28,393,594
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28,331,050
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28,393,594
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% of
Shares
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62.94
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62.80
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62.94
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62.80
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62.94
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Notes:
- The
income from operations for the quarter
and six months ending September 30, 2004
grew by 26% and 24% respectively over
the corresponding periods of the preceding
year driven by increase in arrivals into
India, together with growth in domestic
travel.
- Increase
in other expenditure reflects the impact
of increase in operating expenses commensurate
with the enhanced sales. This expenditure
includes:
- A
provision of Rs5.85 crore being the
impact of "mark to market"
of the company's foreign currency assets
and liabilities as on September 30,
2004.
- An
increase of Rs5.19 crore in fees paid
to consultants associated with on going
initiatives relating to staff training,
and upgradation of products and service
standards.
- In
view of the seasonality of the business,
the financial results for the first half
of the year are not indicative of the
full year's performance.
- Disclosure
on Investors' complaints:
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Complaints
outstanding at the beginning of
the quarter
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Received
during the quarter
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Disposed
off during the quarter
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Unresolved
as on 30.09.2004
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0
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1
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1
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0
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- Disclosure
of segment wise information is not applicable
as hoteliering is the company's only business
segment.
- Figures
for the previous quarter and six months
ended September 30, 2003, and for the year
ended March 31, 2004 have been regrouped
wherever necessary to conform to the current
quarter's and half year's presentation.
- The
aforementioned results were reviewed by
the Audit Committee of the Board and subsequently
taken on record by the Board of Directors
at its meeting held on October 21, 2004.
Limited review of these results, as required
under Clause 41 of the Listing Agreement,
has been completed by the Statutory Auditors.
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Place:
Mumbai
Dated: 21st October 2004 |
For
The Indian Hotels Company Limited
Raymond Bickson
Managing Director
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