With room inventory of 178 hotels with 20,826 rooms, Indian Hotels has a diversified position in the hotel industry through brands such as Taj, Vivanta, SeleQtions and Ginger brands.
The company also has a selective presence in the luxury segment in the US, the UK, Africa, UAE and Maldives through owned/managed properties
The company enjoys strong support from its promoter Tata Sons and is also an important strategic business for the Tata Group.
Q3FY23 Results:
IHCL reported strong growth in revenues in Q3.
Revenue grew 51.7% YoY to ₹ 1685 crore. The same was up 22.8% vs. pre-Covid levels led by strong performance from the domestic segment
EBITDA margin also expanded 441 bps from pre-Covid levels to 35.4% on a consolidated basis
This led to a sharp rebound in net profit that was up 88% from pre-Covid levels to ₹ 382.7 crore
World's Finest Luxury Grand Palaces: Taj won at '101 Executive Summit', Germany.
Golden Peacock Awards: Received the HR Excellence Award for 2023 and the Award for Risk Management 2023.
TripAdvisor Travelers' Choice: Rambagh Palace, Jaipur, ranked as the World's No. 1 Hotel.
Commenting on the Q3FY24 performance, Puneet Chhatwal, Managing Director & CEO, IHCL, said, “IHCL reported an all-time high consolidated Q3 EBITDA margin of 38.5% and PAT margin of 22.6%, marking seven consecutive quarters of record financial performance. This robust performance was enabled by same-store hotels clocking RevPAR premium across markets and segments, the strong performance of not like-for-like growth, and the scaling of new businesses.”
He added, “IHCL continues to demonstrate industry-leading growth with 28 hotels signed and 16 hotels opened this fiscal with a portfolio of 285 hotels including a pipeline of 85 hotels. This year marks the momentous occasion of reaching the 200th operating hotel milestone and the successful launch of 371 keys flagship Ginger at Mumbai Airport, presenting a vast potential to scale the Ginger brand. IHCL with its well-established brands, vast footprint across 130 locations, and a healthy balance sheet, is well placed to leverage this sustained demand upcycle the sector is witnessing.”
Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL said, “Q3 saw a stellar performance led by the domestic market as seen in IHCL’s standalone revenue of Rs 1,323 crore, a growth of 22% over the previous year and EBITDA margin of 45.4% which is a 290-basis points expansion. IHCL’s consolidated results also demonstrated a strong performance with an Operating EBITDA margin of 37.3%, an expansion of 190 basis points, reflective of high revenue flow through.”
He added, “On a year to date basis IHCL consolidated reported an all-time high revenue of Rs 5,000 crore, an EBITDA margin of 32.7% in line with the guidance of Ahvaan 2025, and maintained healthy cash and cash equivalents of Rs 1,810 crore as on 31st December 2023.”
Indian Hotels Co Ltd operates in the Hotels & Restaurants sector and has a market capitalization worth Rs. 16,477.17 crores, it was incorporated in the year 1899. It has reported consolidated sales of Rs. 1,575.16 crores in March’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500850, and also listed on the National Stock Exchange (NSE) with the code INDHOTEL.
The Indian Hotels Company Ltd is South Asias largest hospitality-based company. IHCL operates in various business areas like hotels, resorts, jungle safaris, palaces, spas, and in-flight catering services.
The company includes various well-established brands under its belt, such as The Taj, SeleQtions, Ginger, Vivanta, and ama Stays & Trails in the hotel business. The company has a total of 235 hotels and bungalows spread across 166 locations worldwide. The operations of the company are spread over in 12 countries. It has signed a total of 17 hotels in FY 2021-21. The promoters of the company own 40.75% of the stake in the company, Foreign Institutional Investors (FII) own 12.56%, Domestic Institutional Investors (DII) own 27.99% stake in the company, and others (such as public & retail investors) hold the balance of 18.7%.
In June 2021, quarterly net revenue was Rs. 207.4 crores, which has increased sharply by approximately 117.77 % from Rs. 95.25 crores for the April-June 2020 quarter. The quarterly net loss in June 2021 was Rs. 190.24 crores, which has improved and increased by nearly 20.34% from a net loss of Rs. 238.81 crores in June 2020. In June 2021, the reported operating profit was at Rs. 76.76 crores, which has improved sharply and increased by 533.67% compared to an operating loss of Rs. 17.17 crores in June’2020 quarter. From a negative EPS of Rs. 2.01 in June 2020, the EPS of Indian Hotels Co Ltd has improved and reached a negative EPS of Rs. 1.6 per share in June 2021. INDHOTELs stock closed at Rs. 138.55 on 20th August’2021 (NSE) and has given a positive return of 10.14% in the last six months and provided a positive return of 42.47% in the previous year.
Indian Hotels Co Ltd operates in the Hotels & Restaurants sector and has a market capitalization worth Rs. 16,477.17 crores, it was incorporated in the year 1899. It has reported consolidated sales of Rs. 1,575.16 crores in March’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500850, and also listed on the National Stock Exchange (NSE) with the code INDHOTEL.
The Indian Hotels Company Ltd is South Asias largest hospitality-based company. IHCL operates in various business areas like hotels, resorts, jungle safaris, palaces, spas, and in-flight catering services.
The company includes various well-established brands under its belt, such as The Taj, SeleQtions, Ginger, Vivanta, and ama Stays & Trails in the hotel business. The company has a total of 235 hotels and bungalows spread across 166 locations worldwide. The operations of the company are spread over in 12 countries. It has signed a total of 17 hotels in FY 2021-21. The promoters of the company own 40.75% of the stake in the company, Foreign Institutional Investors (FII) own 12.56%, Domestic Institutional Investors (DII) own 27.99% stake in the company, and others (such as public & retail investors) hold the balance of 18.7%.
In June 2021, quarterly net revenue was Rs. 207.4 crores, which has increased sharply by approximately 117.77 % from Rs. 95.25 crores for the April-June 2020 quarter. The quarterly net loss in June 2021 was Rs. 190.24 crores, which has improved and increased by nearly 20.34% from a net loss of Rs. 238.81 crores in June 2020. In June 2021, the reported operating profit was at Rs. 76.76 crores, which has improved sharply and increased by 533.67% compared to an operating loss of Rs. 17.17 crores in June’2020 quarter. From a negative EPS of Rs. 2.01 in June 2020, the EPS of Indian Hotels Co Ltd has improved and reached a negative EPS of Rs. 1.6 per share in June 2021. INDHOTELs stock closed at Rs. 138.55 on 20th August’2021 (NSE) and has given a positive return of 10.14% in the last six months and provided a positive return of 42.47% in the previous year.
Indian Hotels Co share price as on 20 Apr 2024 is Rs. 597.05. Over the past 6 months, the Indian Hotels Co share price has increased by 44.62% and in the last one year, it has increased by 80.71%. The 52-week low for Indian Hotels Co share price was Rs. 329.6 and 52-week high was Rs. 622.5.
You can buy Indian Hotels Co Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Indian Hotels Co Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Apr 19, 2024 03:53 PM the closing price of Indian Hotels Co Ltd was ₹ 597.05.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 19, 2024 03:53 PM, the market cap of Indian Hotels Co Ltd stood at ₹ 84,986.01.