📷 Image: Wikimedia Commons / Basile Morin
Business
Hotel Chain's Q1 Profit Soars 460%, Shares Hit New High
✍️ Business Standard
🗓 03 Aug 2026, 08:37 PM
👁 54
The hotel chain reported a 460% jump in first‑quarter profit, propelling its shares up 11% in two days to a new high.
The hotel chain announced that its first‑quarter profit surged by 460% year‑on‑year, according to a report by Business Standard.
The earnings beat expectations and triggered a sharp rally in the company’s stock, which rose 11% over a two‑day period and reached a new all‑time high.
The move reflects the chain’s strong performance in the hospitality sector, although the report does not provide further details on revenue or operating metrics.
The earnings beat expectations and triggered a sharp rally in the company’s stock, which rose 11% over a two‑day period and reached a new all‑time high.
The move reflects the chain’s strong performance in the hospitality sector, although the report does not provide further details on revenue or operating metrics.