News: Indian Hotels' revenues for Q4FY22 declined 21.5% QoQ to Rs872.1 crore (vs I-direct estimate: Rs 1050 crore). EBITDA margins also came down 1072 bps QoQ to 18.2%. However, net profit was down only 2.4% QoQ to Rs 74.2 crore (I-direct estimate: Rs 79.6 crore) due to higher other income (up 265% QoQ to Rs 82.8 crore and exceptional gains (Rs 16.4 crore)
Views: The impact of omicron during January 2022 had a severe impact that led to sequential de-growth in the revenues. However, the current business trend suggest strong demand outlook for rooms that should provide the comfort to the investors on the revenue visibility front
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