Hyderabad, January 29th, 2020: TajGVK Hotels & Resorts Ltd, reported its financials for the quarter ending December 31, 2019.
FINANCIAL RESULTS FOR THE 3RD QUARTER ENDING December 31, 2019.
Dr.GVK Reddy, Chairman TAJGVK Hotels & Resorts Ltd said “In line with Aspiration 2022, the company has delivered strong growth across all parameters. This quarter also saw a further reduction in debt. We remain focused on maximizing revenue and profits in the coming quarters. ”
Greenwoods Palaces & Resorts Private Limited – a JV company which operates Taj Santacruz has performed well during the quarter and the company reported an 8% increase in income, 30% increase in EBITDA and an 85% increase in PAT.
KEY HIGHLIGHTS
- 200 rooms have been renovated at Taj Krishna, Hyderabad. The new rooms are contemporary and stylish.
