The Lalit Suri Hospitality Group is a domestic hospitality chain having a distinctive mix of city hotels, palaces and resorts spread across key business and leisure travel destinations across India with 12 luxury hotel properties in India under the brand “The LaLiT” and two hotels in the mid-market segment in India under the brand “The LaLiT Traveller”. The group has entered into a management consultancy services and licensing agreement in connection with the operation and management of The Lalit London, a hotel in London. The group has also entered into an exclusive sales and marketing arrangement with one of our group companies for a hotel in Faidabad, ‘Vibe by The Lalit Traveller’, pursuant to which we provide technical services, management, marketing and operational services and have licensed the use of our trademark, “The LaLiT Traveller”. The group is also setting up two new hotels in Ahmedabad, one in the luxury segment under “The LaLiT” brand and the other in the mid-market segment under “The LaLiT Traveller” brand. The hotels are expected to be opened in 2019.
The group has set up a hospitality school at Faridabad under the name of “The Lalit Suri Hospitality School”. The Lalit Suri Hospitality School is affiliated with the National Council for Hotel Management and Catering Technology (NCHMCT), and offers a three-year Bachelor of Science degree in Hospitality and Hotel Administration jointly with the Indira Gandhi National Open University. During the financial year 2017-18, the total turnover of the Company was Rs. 64,551.95 lacs (Previous year: Rs. 58,273.18 lacs), an increase of 10.77 % and EBIDTA was Rs. 18,875.20 lacs (Previous year: Rs. 17,764.34 lacs), an increase of 6.25% due to higher turnover and effective cost control, Total comprehensive income, net of tax was Rs. 3,064.40 lacs (Previous year: Rs. 3,662.15 lacs), a decrease of 16.32 % as compared to the previous year.
|Rate Per Share (Rs.)||230|
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