Indian Hotels Q3FY08 Results

Indian Hotels Company Ltd has announced the following Audited results for the quarter ended December 31, 2007:

The Company has posted a profit from Ordinary activities after tax of Rs 1345.80 million for the quarter ended December 31, 2007 as compared to Rs 1025.60 million for the quarter ended December 31, 2006. Total Income has increased from Rs 4582.30 million for the quarter ended December 31, 2006 to Rs 5271.10 million for the quarter ended December 31, 2007.

Indian Hotels Q2 Results

Indian Hotels Company Ltd has announced the following Audited results for the quarter ended September 30, 2007:

The Company has posted a profit after tax of Rs 532.40 million for the quarter ended September 30, 2007 as compared to Rs 459.10 million for the quarter ended September 30, 2006. Total Income has increased from Rs 3212.50 million for the quarter ended September 30, 2006 to Rs 3666.10 million for the quarter ended September 30, 2007.

Indian Hotels Co. Ltd.

Indian Hotels Co. Ltd. has informed the Exchange vide their letter dated September 17, 2007, that: "At a meeting of the Board of Directors of the Company held today at Mumbai this evening, the Directors have ratified an investment of USD 211.28 million made by Samsara Properties Limited, a 100% off shore subsidiary of the company, towards acquisition of 10.01% shares in Orient-Express Hotels Limited, a company listed on the New York Stock Exchange. The investment creates a platform for the Company to seriously explore the possibility of an alliance between The Indian Hotels Company Limited and Orient-Express Hotels Limited. Such an alliance will be complementary to both organisations and of mutual benefit. To achieve this purpose, friendly and constructive discussions between the two companies are expected to take place soon. Appropriate disclosure of this investment is being concurrently filed with the Securities Exchange Commission, USA"

Sharekhan - KEI Industries - Indian Hotels

KEI Industries - Recommendation: Buy - Price target: Rs125

Sharekhan believes that the fully diluted earnings per share (EPS) for FY2008Eis at Rs6.9. FY2009E earnings which on fully diluted equity is Rs10.4 per share. They remain positive on the stock and maintain our Buy recommendation with a revised price target of Rs125.

Indian Hotels Company - Recommendation: Buy - Price target: Rs180

Room rates to boost earnings