Open an Account
search icon
2
NOTIFICATIONS
Best Algo trading app in India
Bigul

INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

 In furtherance to our letter dated October 19, 2023, intimating the schedule of IHCL Global Conference Call for presenting the Unaudited Standalone and Consolidated Financial Results for the quarter / half year ended September 30, 2023, held today, please find 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.
27-10-2023

Indian Hotels Company Results Earnings Call for Q2FY24

 Conference Call with Indian Hotels Company Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
27-10-2023
Bigul

Indian Hotels Company net profit rises 37% in Q2

 Q2 net profit stood at 167 crore, compared to 121.5 crore lastyear
27-10-2023
Bigul

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 / half year ended September 30, 2023, enclosed is the copy of the 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 today.
27-10-2023
Bigul

Q2FY24 Quarterly Result Announced for Indian Hotels Company Ltd.

 Indian Hotels Company announced Q2FY24 results: 1. Revenue Growth: - IHCL reported a revenue of Rs 1,481 crore, marking an 18% YoY growth. - The company generated a system-wide revenue of Rs 2,687 crore, reflecting the successful execution of its strategy. 2. EBITDA Performance: - EBITDA stood at Rs 402 crore, showing a growth of 26% compared to the previous year. - IHCL achieved an EBITDA margin expansion of 180 basis points. 3. Profitability: - Profit after tax (PAT) reached Rs 167 crore, representing a 37% YoY growth. 4. Industry Outlook: - IHCL's performance was driven by India's economic momentum and higher consumer spending. - The company remains well-positioned for a strong second half of the financial year. 5. Expansion and Development: - IHCL opened 8 hotels and signed 17 more in H1FY24, maintaining an industry-leading pipeline of 82 hotels. - The brand portfolio spans across 125+ locations. 6. Recognition and Awards: - IHCL was honored with the 2023 International Centre for Responsible Tourism (ICRT), India Foundation Responsible Tourism Award for "Best for Tackling Plastic Waste." - The company also received the prestigious Golden Peacock Award for Risk Management 2023. Commenting on the Q2FY24 performance, Puneet Chhatwal, Managing Director & CEO, IHCL, said, “Driven by consistent double-digit growth, IHCL generated a system-wide revenue of Rs 2,687 crore – 1.8X of our consolidated revenue. This reflects the successful execution of our strategy to build a balance between owned/leased and managed hotels and leverage the diversified brand portfolio across 125+ locations.” He added, “We opened 8 hotels and signed 17 more in the first half of the fiscal thereby maintaining an industry-leading pipeline of 82 hotels. India’s economic momentum coupled with higher consumer spends augurs well for the industry. Business on the books remains strong and the company is well positioned for the traditionally stronger second half of the financial year.” Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL said, “Q2 performance was significantly enabled by the domestic market as seen in IHCL’s standalone revenue of Rs 949 crore, a growth of 23% over the previous year and a healthy EBITDA margin of 34.7%.” He added, “Despite ongoing product upgrades, we expanded margins at the standalone and consolidated levels by 410 and 180 basis points respectively. This was the result of a continuous focus on optimizing cost and revenue flow-throughs. IHCL consolidated recorded healthy cash and cash equivalents of Rs 1,395 crore as of September 30, 2023.” Result PDF
27-10-2023

Indian Hotels board approves issuance of equity shares to New Vernon, TICL on preferential basis

 Indian Hotels board approves issuance of equity shares to New Vernon and TICL on preferential basis
27-10-2023
Bigul

INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Preferential Issue

 Further to our letter dated October 23, 2023, the Board of Directors of the Company at its meeting held earlier today, transacted the following business: 1. Issuance of equity shares on a preferential basis to New Vernon and TICL, for consideration other than cash. 2. Seeking approval of Shareholders for issuance of equity shares on a preferential basis through postal ballot (e-voting only)
27-10-2023
Bigul

INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Acquisition

 Pursuant to Regulation 30 of SEBI Listing Regulations, the Board of Directors of the Company at its meeting held earlier today approved the following: 1. Acquisition of 2,59,000 equity shares of Piem Hotels Limited (Piem Hotels), a subsidiary of the Company, held by New Vernon Private Equity Limited (representing 6.80% of the paid up equity share capital of Piem Hotels) by way of a combination of share swap and cash. 2. Acquisition of 10,718 equity shares of Piem Hotels held by Tata Investment Corporation Limited (representing 0.28% of the paid up equity share capital of Piem Hotels), by way of a share swap.
27-10-2023
Bigul

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/half year ended September 30, 2023, please find attached a copy of the Press Release on the same for your records.
27-10-2023
Bigul

INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Change in Management

 In compliance with the disclosure requirements under Regulation 30 of the SEBI LODR, this is to inform you that the Board at its meeting held today, approved the appointment of Mr. Ankur Dalwani as the Chief Financial Officer (Designate) of the Company w.e.f. December 1, 2023, who would later take over as Whole-time Chief Financial Officer from Mr. Giridhar Sanjeevi, effective July 1, 2024
27-10-2023
Next Page
Close

Let's Open Free Demat Account