Indian Hotels Shares Dip 3% Despite Robust Q4; Dividend Proposed

Company Ltd (IHCL) saw its shares decline over 3% on May 6, as investors engaged in profit-booking following a strong Q4 performance. The company reported a 30.4% surge in standalone net profit to Rs 481 crore for the March quarter, with revenue from operations rising 10% year-on-year to Rs 1,476 crore. EBITDA soared 30% to Rs 918 crore, boasting a margin of 36.9%. Additionally, IHCL’s board proposed a dividend of Rs 2.25 per equity share, pending approval at the upcoming annual general meeting. Despite the solid results, market dynamics triggered the share price dip, keeping investors watchful.