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
Outperformed the industry on domestic same store RevPAR with a premium of 60% vs competition.
New Businesses vertical comprising of Ginger, Qmin, and amã Stays & Trails reported a revenue of Rs 162 crore, a growth of 37% over the previous year.
The Reimagined Businesses of TajSATS and The Chambers (membership fee) reported a revenue of Rs 274 crore, a growth of 17% over the previous year.
Management Fee income stood at Rs 114 crore, 17% over the previous year, in line with capital light growth strategy
IHCL continues to demonstrate industry leading growth with 16 hotels signed and 6 hotels opened.
The recent signings are well represented across all brands with 6 Taj, 2 each of SeleQtions, Tree of Life and Ginger, 1 Vivanta and 3 under the reimagined Gateway brand.
In Q1, IHCL opened 6 hotels with a SeleQtions hotel in Mahabaleshwar, Vivanta in Jamshedpur, a Ginger in Nagpur and Jamshedpur and Tree of Life resorts in Gangtok and Srinagar
Commenting on the quarter’s performance, Puneet Chhatwal, Managing Director & CEO, IHCL, said, “IHCL consolidated reported a strong financial performance for the first quarter with an all -time high revenue of Rs 1,596 crore and a healthy EBITDA margin of 31%. Our performance was enabled by a diversified top line, with new businesses growing at 37% over the previous year and incremental revenues from the not like for like growth. Continuing the growth momentum our portfolio is now over 325 hotels with 16 signings and 6 openings in the quarter.”
He added, “With demand continuing to outpace supply and favourable structural tailwinds, the sector is set to clock strong revenue growth in the quarters ahead.”
Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said, “IHCL Consolidated grew operating revenue by 6% and RevPAR outperformed the industry with 60% premium on a same store basis for domestic hotels. On the back of strong cost focus, IHCL’s operating EBITDA margins expanded by 210 and 100 basis points on Standalone and Consolidated basis respectively leading to a Consolidated PAT growth of 12%. IHCL’s healthy operating cash flows, resulted in a gross consolidated cash balance of Rs 2,091 crore as on 30th June 2024 with free cash flows generated in the quarter at 3x of Q1FY24.”
He added, “In line with our strategy of simplification, IHCL has secured approval to execute an amendment to its Shareholder Agreement with our partner, SATS Singapore, enabling a consolidation of Taj SATS results on a line-by-line basis as a subsidiary as opposed to equity accounting consolidation.”
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 27 Jul 2024 is Rs. 647. Over the past 6 months, the Indian Hotels Co share price has increased by 36.61% and in the last one year, it has increased by 64.99%. The 52-week low for Indian Hotels Co share price was Rs. 371.6 and 52-week high was Rs. 662.95.
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 Jul 26, 2024 03:59 PM the closing price of Indian Hotels Co Ltd was Rs.647.00.
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 Jul 26, 2024 03:59 PM, the market cap of Indian Hotels Co Ltd stood at Rs. 92,096.05 Cr.