ITC Hotels stock climbs 6% after reporting 51% profit surge

ITC Hotels shares surged 6% in morning trade on the BSE on Tuesday, 27 October, after the company posted a 51.4% year‑on‑year profit jump to ₹201.02 crore for the September quarter. The stock opened at ₹168.65, up from the previous close of ₹164.40, and climbed to an intraday high of ₹174.30, marking a second consecutive session of gains following a 5% rise the day before. Revenue from operations rose 25.6% year‑on‑year to ₹1,054.14 crore in the same quarter. The strong earnings drove the market rally, with investors reacting to the higher profit margin and revenue growth. The company’s performance highlights the hospitality segment’s recovery amid broader market trends.

Context

ITC Hotels is the hospitality arm of the Indian conglomerate ITC Ltd and is listed on the Bombay Stock Exchange. A sharp profit rise often boosts investor confidence, leading to higher share prices in the short term.