Krishna GVK Hotels Records Growth in Profits

Krishna GVK Hotels Limited, formerly known as Taj GVK Hotels, has reported a standalone net profit of ₹38.53 crore on revenue of ₹137.31 crore for the quarter ended September. The company’s performance improved compared with the corresponding quarter of the previous year, when it recorded a net profit of ₹23.51 crore on revenue of ₹109.33 crore. The latest results indicate growth in both revenue and net profit, reflecting an improvement in the company’s financial performance.

Meanwhile, Krishna GVK Hotels announced that its new luxury property, Taj Yelahanka, will be inaugurated on November 20. Located along the International Airport Road in North Bengaluru, the hotel features 256 rooms. The upcoming launch is expected to strengthen the company’s presence in Bengaluru’s hospitality sector and add another luxury accommodation option near the city’s international airport.