Apeejay Surrendra Park Hotels Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
March 04, 2024 at 06:35 pm IST
Share
Apeejay Surrendra Park Hotels Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 1,588.8 million compared to INR 1,403.7 million a year ago. Revenue was INR 1,636.1 million compared to INR 1,426.4 million a year ago. Net income was INR 274.2 million compared to INR 187.7 million a year ago. Basic earnings per share from continuing operations was INR 1.57 compared to INR 1.07 a year ago.
For the nine months, sales was INR 4,232.9 million compared to INR 3,663.7 million a year ago. Revenue was INR 4,359.2 million compared to INR 3,810.9 million a year ago. Net income was INR 503.6 million compared to INR 421.9 million a year ago. Basic earnings per share from continuing operations was INR 2.88 compared to INR 2.42 a year ago.
Apeejay Surrendra Park Hotels Limited is engaged in the hospitality business of owning and operating hotels in India. Its segments include Hospitality and Others. It operates under five brands: THE Park, THE Park Collection, Zone by The Park, Zone Connect by The Park and Stop by Zone. THE Park hotels are located in Bangalore, Chennai, Goa, Hyderabad, Indore, Kolkata, Mumbai, Navi Mumbai, New Delhi and Visakhapatnam. THE Park Collection includes THE Park Calangute Goa, THE Park Baga River Goa, THE Vaadhyarâs House, THE Denmark Tavern, a heritage hotel, THE Park Chettinad, and the Ran Baas in Patiala. Zone by The Park has its presence in Bengaluru, Coimbatore, Chennai ORR, Delhi, Dimapur, Gopalpur, Jaipur, Jammu, Jodhpur, Kolkata, Pathankot, Phalodi-Jodhpur. Zone Connect is a mid-scale brand, which has four hotels in Goa, Coimbatore, Port Blair, New Delhi, and Mussoorie. It also operates in the retail food and beverage industry through Flurys, a patisserie on Park Street in Kolkata.
APEEJAY SURRENDRA PARK HOTELS LIMITED 
