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The Indian Hotels Company LimitedImportant, 17-01-2025: Financial Result Updates

17-01-2025 | 04:11 pm

### Consolidated Financial Summary

The Indian Hotels Company Limited has reported a total income of ₹2591.73 crore for the quarter, reflecting an increase from ₹2003.64 crore in the same quarter last year, translating to a revenue growth of 29.0%. The growth is driven by strong recovery in tourism and hospitality, alongside increased demand for faster, premium dining experiences following the easing of travel restrictions.

Net profit for the quarter stood at ₹632.53 crore, up from ₹476.93 crore year-over-year, resulting in an EPS of ₹4.09 compared to ₹3.18 in the corresponding quarter of the previous year. The improvement in profitability can be attributed to operational efficiency, with total expenses growing at a slower rate than income, leading to a healthier margin.

Total expenses came in at ₹1757.70 crore, marking a 25.7% increase compared to ₹1398.93 crore last year. Key areas contributing to the rise include food and beverage costs and employee benefits, which reflected the company's focus on enhancing service quality and workforce capacity to meet demand.

The consolidated balance sheet shows a robust position, with total assets at ₹17200.55 crore and liabilities at ₹5352.27 crore, indicating a healthy debt profile. Enhanced cash flows support strategic investments in expansion and refurbishments.

Given the strong financial recovery and the strategic initiative to bolster market share, the outlook remains positive. Investors may consider a buy stance, especially with the company's proactive measures to capture growth opportunities in the hospitality sector.

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