Indian Hotels Company Results Earnings Call for Q1FY25
Conference Call with Indian Hotels Company Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.19-07-2024
19-07-2024
INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Investor Presentation
Further to our letter of date intimating the Un-audited (Reviewed) Standalone & Consolidated Financial Results of the Company for the quarter ended June 30, 2024, enclosed is a copy of the investors / analysts 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.19-07-2024
Q1FY25 Quarterly Result Announced for Indian Hotels Company Ltd.
Indian Hotels Company announced Q1FY25 results: Financial Highlights: Revenue: Rs 1,596 crore, up by 5% YoY EBITDA: Rs 496 crore, up by 8% YoY EBITDA%: 31.0%, up by 0.7 percentage points PAT: 248 crore, up by 12% Performance highlights: Outperformed the industry on domestic same store RevPAR with a premium of 60% vs competition. New Businesses vertical comprising of Ginger, Qmin, and amã Stays & Trails reported a revenue of Rs 162 crore, a growth of 37% over the previous year. The Reimagined Businesses of TajSATS and The Chambers (membership fee) reported a revenue of Rs 274 crore, a growth of 17% over the previous year. Management Fee income stood at Rs 114 crore, 17% over the previous year, in line with capital light growth strategy IHCL continues to demonstrate industry leading growth with 16 hotels signed and 6 hotels opened. The recent signings are well represented across all brands with 6 Taj, 2 each of SeleQtions, Tree of Life and Ginger, 1 Vivanta and 3 under the reimagined Gateway brand. In Q1, IHCL opened 6 hotels with a SeleQtions hotel in Mahabaleshwar, Vivanta in Jamshedpur, a Ginger in Nagpur and Jamshedpur and Tree of Life resorts in Gangtok and Srinagar Commenting on the quarter’s performance, Puneet Chhatwal, Managing Director & CEO, IHCL, said, “IHCL consolidated reported a strong financial performance for the first quarter with an all -time high revenue of Rs 1,596 crore and a healthy EBITDA margin of 31%. Our performance was enabled by a diversified top line, with new businesses growing at 37% over the previous year and incremental revenues from the not like for like growth. Continuing the growth momentum our portfolio is now over 325 hotels with 16 signings and 6 openings in the quarter.” He added, “With demand continuing to outpace supply and favourable structural tailwinds, the sector is set to clock strong revenue growth in the quarters ahead.” Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said, “IHCL Consolidated grew operating revenue by 6% and RevPAR outperformed the industry with 60% premium on a same store basis for domestic hotels. On the back of strong cost focus, IHCL’s operating EBITDA margins expanded by 210 and 100 basis points on Standalone and Consolidated basis respectively leading to a Consolidated PAT growth of 12%. IHCL’s healthy operating cash flows, resulted in a gross consolidated cash balance of Rs 2,091 crore as on 30th June 2024 with free cash flows generated in the quarter at 3x of Q1FY24.” He added, “In line with our strategy of simplification, IHCL has secured approval to execute an amendment to its Shareholder Agreement with our partner, SATS Singapore, enabling a consolidation of Taj SATS results on a line-by-line basis as a subsidiary as opposed to equity accounting consolidation.” Result PDF19-07-2024
INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Updates on Joint Venture
Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, read with Schedule III of the SEBI Listing Regulations, 2015 the Board of Directors at its meeting held earlier today , approved the amendment to the Subscription cum Shareholders Agreement (''SSHA'') by execution of amendment Agreement between the Company, SATS Ltd (''SATS'') and Taj SATS Air Catering Limited (''Taj SATS'').19-07-2024
INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Restructuring
Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, read with Schedule III of the SEBI Listing Regulations, the Board of Directors of the Company at its meeting held earlier today, approved the transfer of restaurant business of its Wholly-Owned Subsidiary i.e. Taj International Hotels Limited (''TIHL'') to St James Court Hotels Limited, a Subsidiary of the Company.19-07-2024
INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Further to our letter of date intimating the Un-audited (Reviewed) Standalone & Consolidated Financial Results of the Company for the quarter ended June 30, 2024, enclosed is a copy of the Press Release on the same for your records.19-07-2024
INDIAN HOTELS CO.LTD. - 500850 - Board Meeting Outcome for Un-Audited (Reviewed) Financial Results For The Quarter Ended June 30, 2024
Further to our letter dated July 15, 2024, the Board of Directors of the Company at its meeting held earlier today, inter-alia, considered and took on record the Un-audited (Reviewed) Standalone and Consolidated Financial Results, in terms of the Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. along with the Limited Review Report thereon for the quarter ended June 30, 2024. The meeting commenced at 2.00 p.m. and concluded at 4:00 p.m.19-07-2024
INDIAN HOTELS CO.LTD. - 500850 - Un-Audited (Reviewed) Financial Results For The Quarter Ended June 30, 2024
Further to our letter dated July 15, 2024 the Board of Directors of the Company at its meeting held earlier today, inter alia, considered and took on record the Un-audited (Reviewed) Standalone and Consolidated Financial Results, in terms of the Regulation 33 of SEBI (LODR) Regulations, 2015, along with the Limited Review Report thereon for the quarter ended June 30, 2024. The meeting commenced at 2:00 p.m. and concluded at 4:00 p.m.19-07-2024
INDIAN HOTELS CO.LTD. - 500850 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation of loss of share certificate(s)18-07-2024