Indian Hotels Company Q3 Net Profit Surges to ₹582 Crore, Revenue Up 29%
Strong Q3 Performance
The Indian Hotels Company (IHCL) reported a net profit of ₹582.32 crore (attributable to the owners of the company) for the October-December quarter of FY25. This is a significant increase of approximately 29% compared to the ₹451.95 crore net profit reported in Q3 of the previous financial year. The company's revenue from operations also saw an impressive rise of nearly 29%, reaching ₹2,533.05 crore in Q3 FY25.
The company released its quarterly results for Q3 FY25 in an exchange filing on January 17, after market hours. The earnings per share (EPS) for the quarter stood at ₹4.09.
Total Income and EBITDA Growth
The company's total income experienced a sharp rise, increasing by over 29% from ₹2,003.64 crore in Q3 FY24 to ₹2,591.73 crore in Q3 FY25. Additionally, the company’s EBITDA rose by 27% year-over-year to ₹2,081 crore during the quarter.
Management Commentary
Mr. Puneet Chhatwal, Managing Director & CEO of IHCL, stated that Q3 marks the eleventh consecutive quarter of record performance. The hotel segment saw strong revenue growth of 16%, resulting in an EBITDA margin of 40.9%. Revenue performance was driven by a 40% increase in New Businesses, double-digit growth in same-store hotels, and a 20% growth in the US portfolio. With the consolidation of the air and institutional catering business, revenue and PAT both grew by 29%, reaching ₹2,592 crores and ₹582 crores, respectively.
Mr. Chhatwal also mentioned that the sector will likely see continued demand in Q4 and subsequent quarters due to large-scale regional events, weddings, and sustained travel.
He further added that the company is well-positioned to reach 700 hotels by 2030.
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