INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the IHCL Earnings Call for the quarter / nine months ended December 31, 2023 held on February 2, 2024.
Indian Hotels Q3 Results Review - Improvement In Realisations, Occupancies: Axis Securities
Rich valuations like enterprise value/Ebitda 28.2 and earning price 43.0 times FY26E lead to limited upside. INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
This has reference to Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (the 'Regulations'). In accordance with the said Regulations, please find the details of the scheduled meetings. INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In furtherance to our letter dated January 24, 2024, intimating the schedule of IHCL Global Conference Call for presenting the Unaudited Standalone and Consolidated Financial Results for the quarter / nine months ended December 31, 2023, held today, please find enclosed the audio recording of the discussion pursuant to the Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015. The same is also available on the website of the Company. INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed copies of the newspaper publications pertaining to the extract of the Unaudited Standalone and Consolidated Financial Results of The Indian Hotels Company Limited (''the Company'') for the quarter / nine months ended December 31, 2023. The said extract of the Unaudited Standalone and Consolidated Financial Results was published in Financial Express (English) All India Edition and Loksatta (Marathi) Mumbai Edition on February 2, 2024.
IHCL will remain India's No. 1 hotel company, says CEO
Indian Hotels Company, which operates Taj Hotels, SeleQtions, Vivanta, Ginger and ama has posted an 18% jump in Q3 net profit, with revenue crossing 2,000 crore
Indian Hotels Company Results Earnings Call for Q3FY24
Conference Call with Indian Hotels Company Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript. INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Investor Presentation
Further to our letter of date, intimating the Financial Results of the Company for the quarter/nine months ended December 31, 2023, enclosed is the copy of investor/analyst presentation on the performance of the Company for the said period to be made to the analysts at the IHCL Global Conference Call to be held on February 2, 2024. Q3FY24 Quarterly & 9MFY24 Result Announced for Indian Hotels Company Ltd.
Indian Hotels Company announced Q3FY24 & 9MFY24 results: Consolidated Q3FY24: Revenue: Rs 2,004 crore, a 15% increase year-over-year (YoY). EBITDA: Rs 772 crore, up by 18% YoY; boasting an EBITDA margin of 38.5%. Profit After Tax (PAT): Rs 452 crore, marking an 18% growth YoY. Consolidated 9MFY24: Revenue: Rs 5,000 crore, displaying a 16% rise YoY. EBITDA Margin Increase: Improved by 1.0 percentage point (pp) to 32.7%. Profit After Tax: Achieved Rs 841 crore, witnessing a 25% augmentation YoY. Operational Highlights: Room Revenue Growth: 21% increase, propelled by heightened Room Revenue. RevPAR Dominance: Secured a 70% RevPAR premium versus competition. Occupancy Rate: International portfolio occupancy stood at 70%, leading to a 9% RevPAR increase YoY. Expansion and Growth: New Hotels Signed: 28 hotels added to the signing docket. Hotel Openings: Successfully opened 16 hotels during the fiscal year. Milestone Achievement: Celebrated the operation of IHCL's 200th hotel. New and Existing Markets: Forayed into new regions and strengthened presence in existing ones, expanding to over 130 locations. New Business Verticals and Management Fees: Revenue Generation: New Business vertical brought in Rs 420 crore in revenue. Growth Metrics: Observed a 33% revenue growth, which is double compared to IHCL's overall growth of 17%. Contribution to Enterprise Revenue: New Business now constitutes 11.1% of IHCL's total revenue, up by 130 basis points. Management Fee Income: Grew by 13% year-over-year, reaching Rs 134 crore. Awards and Recognitions: World's Finest Luxury Grand Palaces: Taj won at '101 Executive Summit', Germany. Golden Peacock Awards: Received the HR Excellence Award for 2023 and the Award for Risk Management 2023. TripAdvisor Travelers' Choice: Rambagh Palace, Jaipur, ranked as the World's No. 1 Hotel. Commenting on the Q3FY24 performance, Puneet Chhatwal, Managing Director & CEO, IHCL, said, “IHCL reported an all-time high consolidated Q3 EBITDA margin of 38.5% and PAT margin of 22.6%, marking seven consecutive quarters of record financial performance. This robust performance was enabled by same-store hotels clocking RevPAR premium across markets and segments, the strong performance of not like-for-like growth, and the scaling of new businesses.” He added, “IHCL continues to demonstrate industry-leading growth with 28 hotels signed and 16 hotels opened this fiscal with a portfolio of 285 hotels including a pipeline of 85 hotels. This year marks the momentous occasion of reaching the 200th operating hotel milestone and the successful launch of 371 keys flagship Ginger at Mumbai Airport, presenting a vast potential to scale the Ginger brand. IHCL with its well-established brands, vast footprint across 130+ locations, and a healthy balance sheet, is well placed to leverage this sustained demand upcycle the sector is witnessing.” Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL said, “Q3 saw a stellar performance led by the domestic market as seen in IHCL’s standalone revenue of Rs 1,323 crore, a growth of 22% over the previous year and EBITDA margin of 45.4% which is a 290-basis points expansion. IHCL’s consolidated results also demonstrated a strong performance with an Operating EBITDA margin of 37.3%, an expansion of 190 basis points, reflective of high revenue flow through.” He added, “On a year to date basis IHCL consolidated reported an all-time high revenue of Rs 5,000 crore, an EBITDA margin of 32.7% in line with the guidance of Ahvaan 2025, and maintained healthy cash and cash equivalents of Rs 1,810 crore as on 31st December 2023.” Result PDF INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Further to our letter of the date intimating the Financial Results of the Company for the quarter/nine months ended December 31, 2023, enclosed is a copy of the Press Release on the same for your records.