| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 2.5K | 38.7% |
| Total Income | 2.6K | 37.1% |
| Expenditure | 1.8K | 17.0% |
| PBT | 834.03 | 19.9% |
| Net Profit | 632.53 | 8.6% |
| OPM | 23.25% | 1.63pp |
| NPM | 23.68% | 6.65pp |
| EPS | 4.09 | 5.1% |
IHCL ANNOUNCES FINANCIAL RESULTS FOR Q3 FY 2024-25: 29% REVENUE GROWTH AT INR 2,592 CRORES, 32% EBITDA GROWTH AT INR 1,020 CRORES
17 Jan 2025 · 17 Jan 2025, 09:57 pm
Summary
The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated financials for the third quarter and nine months ending December 31, 2024. The company reported a 29% growth in revenue at INR 2,592 crores and a 32% growth in EBITDA at INR 1,020 crores. The EBITDA margin stood at 39.4%, an expansion of 80 bps. The hotel segment reported a strong revenue growth of 16% resulting in EBITDA margin of 40.9%. The revenue performance was driven by 40% increase in New Businesses, not like for like growth and double-digit growth in same store hotels led by 20% growth in the US portfolio. IHCL sets a new growth benchmark with 55 signings and 20 openings till date this fiscal.
Key Highlights
- 1
29% growth in revenue at INR 2,592 crores
- 2
32% growth in EBITDA at INR 1,020 crores
- 3
EBITDA margin of 39.4%, an expansion of 80 bps
- 4
16% growth in hotel segment revenue
- 5
55 signings and 20 openings till date this fiscal
Management Comments
Puneet Chhatwal
Managing Director & CEO, IHCL
Q3 marks eleven consecutive quarters of record performance with the hotel segment reporting a strong revenue growth of 16% resulting in EBITDA margin of 40.9%. The revenue performance was driven by 40% increase in New Businesses, not like for like growth and double-digit growth in same store hotels led by 20% growth in the US portfolio. With the consolidation of air and institutional catering business, Revenue and PAT grew by 29% at INR 2,592 crores and INR 582 crores respectively.
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