New Delhi, May 30 (PTI) Hospitality major EIH, which runs hotels and resorts under Oberoi and Trident brands, today posted 10.77 per cent increase in its net profit at Rs 56.13 crore for the fourth quarter ended March 31, 2018. Also Read - IRFC IPO Allotment Today: Check Where, When And How to Check Your Application Status

The company had reported a net profit of Rs 50.67 crore in the same period of previous fiscal. Also Read - Market Today: Sensex Jumps 170 Pts Amid Global Ahead of Budget 2021; Nifty tops 14,590

Revenue form operations for the fourth quarter rose to Rs 431.38 crore, as compared with Rs 369.64 crore in the January-March period of 2016-17, EIH said in a regulatory filing. Also Read - Sensex, Nifty Continue Record Run in Opening Session

For the year ended March 31, 2018, the company posted a net profit of Rs 112.27 crore, as against Rs 96.53 crore in 2016-17.

Revenue from operations rose to Rs 1,350.28 crore for 2017-18, as compared with Rs 1,277.55 crore in 2016-17.

The company’s board recommended a dividend of Rs 0.90 per share for 2017-18.

Shares of the company today ended 1.69 per cent down at Rs 174.70 on the BSE.

This is published unedited from the PTI feed.