FY25Q1 earnings out
- Net profit up 11.7% at ₹248.4 cr vs ₹222.4 cr (YoY)
- Revenue up 5.7% at ₹1,550.2 cr vs ₹1,466.4 cr (YoY)
- EBITDA up 9.6% at ₹449.6 cr vs ₹410.2 cr (YoY)
- Margin at 29% vs 28% (YoY)
Mr. Puneet Chhatwal, Managing Director & CEO, IHCL, said, “IHCL consolidated reported a strong financial performance for the first quarter with an all -time high revenue of INR 1,596 crores and a healthy EBITDA margin of 31%. Our performance was enabled by a diversified top line, with new businesses growing at 37% over the previous year and incremental revenues from the not like for like growth. Continuing the growth momentum our portfolio is now over 325 hotels with 16 signings and 6
openings in the quarter. With demand continuing to outpace supply and favourable structural tailwinds, the sector is set to clock strong revenue growth in the quarters ahead.”
16 new hotels signed and 6 new hotels opened:
- signings: 6 Taj, 2 each of SeleQtions, Tree of Life andGinger, 1 Vivanta and 3 under the reimagined Gateway brand
- hotels: SeleQtions hotels in Mahabaleshwar, Vivanta in Jamshedpur, a Ginger in Nagpur and Jamshedpur and Tree of Life resorts in Gangtok and Srinagar.