The Indian Hotels Company on January 17 reported a net profit of Rs 582.32 crore (attributable to the owners of the company) in the October-December quarter of FY 25. This marks an increase of around 29 percent from the Rs 451.95 crore net profit reported in Q3 of previous financial year. The company’s revenue from operations also saw an impressive rise of nearly 29 percent to Rs 2,533.05 crore in Q3 FY 25.
The company announced its quarterly results for the October-December quarter (Q3) of FY 25 in an exchange filing during the post market hours of January 17. The company’s earnings per share (EPS) stood at Rs 4.09 during the quarter.
Read about Q3 results LIVE
The total income of the company saw a sharp rise. It increased over 29 percent from Rs 2,003.64 crore in Q3 FY 24 to Rs 2,591.73 crore in Q3 FY 25.
The company’s EBITDA rose 27% year-over-year to Rs 2,081 crore during the quarter.
Mr. Puneet Chhatwal, Managing Director & CEO, IHCL, said, "Q3 marks eleven consecutive quarters of record performance with the hotel segment reporting a strong revenue growth of 16% resulting in EBITDA margin of 40.9%. The revenue performance was driven by 40% increase in New Businesses, not like for like growth and double-digit growth in same store hotels led by 20% growth in the US portfolio. With the consolidation of air and institutional catering business, Revenue and PAT grew by 29% at INR 2,592 crores and INR 582 crores respectively. In Q4 and the subsequent quarters of the next financial year, the sector will continue to witness demand buoyancy on account of large-scale regional events, weddings and sustained transient travel."
He further said that the company is well poised to reach 700 hotels by 2030.
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