First quarter results
Indian Hotels posted a consolidated net profit of ₹296 crore for the quarter ended June 30, up from ₹248 crore a year earlier. Revenue from operations rose 31.7% to ₹2,041 crore, while EBITDA climbed 28.1% to ₹576 crore. However, EBITDA margin narrowed slightly to 28.2% from 29% last year.Also Read: Indian Hotels Q3 Results: Revenue, PAT grow 29% each, co expects to reach 700 hotels by 2030
IHCL signed 12 new hotels during the quarter, taking its portfolio to over 390 properties. Openings included a Taj in Alibaug, two SeleQtions resorts in Lakshadweep, and a Ginger hotel in Dehradun. Internationally, it added three luxury wildlife lodges in South Africa’s Kruger National Park under the Taj brand.“Despite geopolitical headwinds, the hospitality sector continues to show resilience and sustained growth,” Managing Director and CEO Puneet Chhatwal said.
Domestic same-store hotels reported an 11% revPAR growth, with a 60% premium over the industry average. International operations saw a 460-basis-point improvement in occupancy to 78%, boosting revPAR by 13%.
Also Read: IHCL puts spotlight on North East for development of new properties
TajSATS, the company’s air and institutional catering arm, reported a 21% revenue growth to ₹290 crore with an EBITDA margin of 23.5%. New businesses — including Ginger, Qmin, amã Stays & Trails and Tree of Life — posted a 27% rise in consolidated revenue to ₹162 crore.
Shares of Indian Hotels Company Ltd ended at ₹776.90, up by ₹2.95 or 0.38%, on the BSE today, September 4.
(Edited by : Shoma bhattacharjee)
