New Delhi, Apr 28 (PTI) The stock of Indian Hotels Company Ltd (IHCL) jumped nearly 6 per cent in morning trade on Thursday after the company reported a consolidated net profit of Rs 71.57 crore for the fourth quarter ended March 31, 2022.

Shares of the company rallied 5.82 per cent to Rs 249.60 at the BSE.

Also Read | WhatsApp Offering Cashback on UPI Payments, Here's How You Can Earn It.

On the NSE, it went higher by 5.83 per cent to Rs 249.50 apiece.

The company had posted a consolidated net loss of Rs 97.72 crore in the same period of FY21, IHCL said in a regulatory filing on Wednesday.

Also Read | Realme GT 2 To Go on Sale Today in India, Check Offers Here.

Consolidated revenue from operations during the quarter under review stood at Rs 872.08 crore, as against Rs 615.02 crore in the year-ago period.

Total expenses during the fourth quarter stood at Rs 894.16 crore, as compared to Rs 754.15 crore in the same period a year ago, the company said.

For the fiscal ended March 21, 2022, IHCL said its consolidated net loss narrowed to Rs 264.97 crore. The consolidated net loss was at Rs 795.63 crore in FY21.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)