TajGVK Hotels & Resorts Q3 net up at 12.91 crore

NEW DELHI: Hospitality firm TajGVK Hotels and Resorts today posted a marginal increase in net profit at Rs 12.91 crore for the third quarter ended December 2010.

In the same period last year, the company had posted net profit of Rs 12.19 crore, it said in a filing to the Bombay Stock Exchange.

The company's sales grew 9.15 per cent at Rs 70.10 crore during the month, as against 64.22 crore in January 2009.

TajGVK Hotels and Resorts is a joint venture company between Indian Hotels, a Tata group company and Hyderabad-based GVK Group.

The company currently has operations in Hyderabad, Chandigarh and Chennai.

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