The Indian Hotels Company Limited — Updates, 17-01-2025: Press Release

The Indian Hotels Company Limited reported a robust financial performance for the third quarter, showcasing a 29% surge in revenue to ₹2,592 Cr and a corresponding 32% rise in EBITDA to ₹1,020 Cr, yielding an EBITDA margin of 39.4%. Profit After Tax (PAT) also increased by 29% to ₹582 Cr. For the nine-month period, revenue stood at ₹6,078 Cr, up 22%, and PAT grew significantly by 65% to ₹1,385 Cr, although this figure includes a one-time exceptional gain.

In terms of operational developments, IHCL opened eight new hotels, expanding its portfolio to 237, and signed agreements for 20 new properties, aiming for 700 hotels by 2030. Notably, the new business segments, including TajSATS in catering, generated ₹275 Cr in revenue, marking an 18% growth. The positive momentum continues to signal strong demand driven by regional events and travel, reinforcing a bullish outlook for the sector. Investors should watch closely as IHCL capitalizes on its expansion strategy amidst a buoyant market environment.