Indian Hotels Co Ltd share Price Today

With room inventory of 178 hotels with 20,826 rooms, Indian Hotels has a diversified position in the hotel industry through brands such as Taj, Vivanta, SeleQtions and Ginger brands.

• The company also has a selective presence in the luxury segment in the US, the UK, Africa, UAE and Maldives through owned/managed properties
• The company enjoys strong support from its promoter Tata Sons and is also an important strategic business for the Tata Group.

IHCL reported strong growth in revenues in Q3.

• Revenue grew 51.7% YoY to ₹ 1685 crore. The same was up 22.8% vs. pre-Covid levels led by strong performance from the domestic segment
• EBITDA margin also expanded 441 bps from pre-Covid levels to 35.4% on a consolidated basis
• This led to a sharp rebound in net profit that was up 88% from pre-Covid levels to ₹ 382.7 crore

Indian Hotels Company announced Q4FY24 & FY24 results:

Financial Highlights:

• Revenue: IHCL reported an 18% YoY growth in Q4 revenue at Rs 1,951 crore, with an impressive 17% increase in full year revenue, amounting to Rs 6,952 crore.
• EBITDA: The EBITDA for the company surged by 20% for the full year, reaching a total of Rs 2,340 crore.
• Profit After Tax (PAT): PAT for Q4 grew by 27% at Rs 418 crore, while the full year saw a 26% rise, totaling Rs 1,259 crore. 
• EBITDA Margin: The EBITDA margin for Q4 improved by 2.0 percentage points; a full year consolidated EBITDA margin stands strong at 33.7%.
• Full Year Consolidated Turnover: Attained an all-time high of Rs 6,952 crore, a 17% growth rate YoY.
• Standalone Revenue Growth: A 20% surge resulted, with IHCL’s standalone revenue at Rs 4,590 crore.
• Standalone PAT: Record Profit After Tax at Rs 1,095 crore was noted for the standalone entity.
• Portfolio Expansion:
  • Hotel Portfolio: At the end of the fiscal year, IHCL achieved a sizable portfolio of 310 hotels.
  • Brand Signings and Openings: IHCL has signed 53 new hotels and opened 34 in the fiscal year 2023-24.

Commenting on the full year performance, Puneet Chhatwal, Managing Director & CEO, IHCL, said, “IHCL achieves its key goals under Ahvaan 2025 well ahead of time with a full year consolidated EBITDA margin of 33.7%, a portfolio of 300 hotels and a cash position of Rs 2,206 crore. Q4FY24 marked eight consecutive quarters of record financial performance driven by double-digit revenue growth in same store hotels, incremental revenue from not like for like hotels and scaling of new businesses. With 53 signings in FY2024 IHCL achieved a portfolio of 310 hotels, enabled by attaining scale in each of our brands and forming strategic alliances in new market segments.

He added, “Looking ahead at FY2025, IHCL will continue to deliver double digit revenue growth with new businesses at 30%, and opening of 25 hotels. IHCL will also introduce the re-imagined Gateway, a full-service hotel offering in the upscale segment, an ideal fit to capture growth opportunities in emerging micro markets in metros and Tier II and Tier III cities. The brand roll-out starting with 15 hotels will commence with launches in Bekal and Nashik this quarter followed by destinations like Bengaluru, Thane and Jaipur. The brand will scale to a 100 hotels portfolio by 2030.

“Investing in our competitive advantage of optimising the balance between operating leverage and fee-based business, IHCL has commenced a five-year capital deployment plan from FY2023 to FY2027 totalling Rs 3,500 crore towards key asset upgradation, building capabilities and select new projects. This includes strengthening of our digital capabilities with new brand website launches starting May 2024, implementation of a new ERP system and Data Lake for advanced analytics with AI/ML capabilities.”

Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL said, “The resilience of our business model over eight consecutive quarters is reflective of robust fundamentals of a diversified topline, a balanced portfolio, prudent capital allocation and a sharp focus on driving operating flow thorough. This sustained performance has led to an all-time high IHCL Consolidated turnover of Rs 6,952 crore, a 17% growth YoY and a 100-basis point expansion in EBITDA margin at 33.7%.”

He added, “The buoyancy of domestic demand drove a 20% growth in IHCL’s standalone revenue at Rs 4,590 crore, EBITDA margin of 41.3% an expansion of 200 basis points leading to a record PAT of Rs 1,095 crore.

Result PDF