IHCL Q2 net rises 22% as hotel demand continues to outstrip supply
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian Hotels Company Ltd reported a 22.5% rise in net profit to Rs 349 crore for the September quarter.
- ✓Revenue grew 21.7% to Rs 2,484 crore as hotel demand stayed strong.
- ✓Puneet Chhatwal said, "The revenue drivers were a 25% rise in revenue per available room at domestic same-store hotels."
Story at a Glance
- Category
- BUSINESS
- Reported By
- MoneyControl
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Indian Hotels Company Ltd (IHCL), the Tata Group's hospitality arm and parent of Taj hotels, reported a 22.5% year-on-year increase in consolidated net profit to Rs 349 crore for the September quarter, from Rs 285 crore in the year-ago period. Consolidated revenue from operations rose 21.7% to Rs 2,484 crore from Rs 2,041 crore in the corresponding quarter last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 23.9% to Rs 706 crore from Rs 570 crore a year earlier.
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