Rekha Jhunjhunwala-owned Indian Hotels stock surges on stellar Q4 show. Should you buy?

Indian Hotels’ shares rose by over 3% after the firm reported better-than-expected Q4 results. The hotel chain operator posted a net profit of INR3.28bn ($44m), up 343% YoY, with revenue growing 86% YoY to INR16.25bn. The company’s year-on-year revenue was a record INR59.49bn, with Motilal Oswal raising its FY24/FY25 EBITDA estimates by 5%/3% as a result of better-than-expected ARR and addition of new leased hotels. Jefferies and Motilal Oswal maintained their respective Buy ratings on the stock.