Capt. Nair's Leelavenutre had a profitable Q3 '09 posting a net profit of Rs28.86 crore as against Rs20.50 crore YoY.
The luxury hotel company saw its net income rise by 5% to Rs127.74 crore from Rs121.13 crore during the same period.
Leela reported a 4% EBITDA growth of Rs51.14 crore as against Rs49.34 crore for the same period last year. EBIDTA for the first nine months stood at Rs89.88 crore and PAT was Rs31.64 crore.
However, operating income during the first nine months of the hotel saw a 14% decline to Rs303.57 crore as against Rs354.55 crore in the year-on-year period. The company capitalised on the FCCB buyback window by buying back 59% of its dollar bonds and 24% of its Euro bonds at substantial discounts.
As promoters, the Nair family has increased its stake to 53% through acquisitions.
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