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Q1FY24 Quarterly Result Announced for Indian Hotels Company Ltd.

Indian Hotels Company announced Q1FY24 results: Revenue of Rs 1,516 crore in Q1FY24 compared to Rs 1,293 crore in Q1FY23, up 17% YoY EBITDA of Rs 459 crore in Q1FY24 compared to Rs 405 crore in Q1FY23, up 13% YoY PAT of Rs 222 crore in Q1FY24 compared to Rs 170 crore in Q1FY23, up 31% YoY Commenting on the Q1 FY24 performance, Puneet Chhatwal, Managing Director & CEO, IHCL, said, “IHCL ended the first quarter with a strong performance led by a double-digit revenue growth. Turnover crossed the Rs 1,500 crore mark, making it a historical Q1.” He added, “Maintaining our industry-leading portfolio, IHCL signed 11 and opened 5 new hotels across all its brands. With our vast footprint across 125+ locations, we will leverage the buoyancy in India’s travel and tourism sector. The outlook for the upcoming quarters remains strong with the pace of demand driven by domestic consumption momentum, global events, and revival of international arrivals.” Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL said, “A strong focus on profitability and cash flow resulted in IHCL Consolidated reporting a steady EBITDA margin of 30.3% and net cash of Rs 889 crore as on 30th June 2023. In Q1, we have commenced capital investments towards renovation and upgradation of select hotels in our portfolio.” Result PDF
27-07-2023
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INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Investor Presentation

Further to our letter of the date, intimating the Financial Results of the Company for the quarter ended June 30, 2023, enclosed is a copy of the investors/analysts presentation on the performance of the Company for the said period for your records being made to analysts at IHCL Global Conference Call to be held today.
27-07-2023
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INDIAN HOTELS CO.LTD. - 500850 - Statement On Deviation Or Variation Of Funds Raised Through QIP

Pursuant to Regulation 32 of SEBI LODR Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, we hereby confirm that there is no deviation or variation in use of proceeds raised through Qualified Institutional Placement. The statement of deviation duly reviewed by the Audit Committee is attached herewith as Annexure A. It may be noted that the proceeds of the aforesaid Qualified Institutional Placement have been fully utilised as per the Objects of the issue.
27-07-2023
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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 ended June 30, 2023, enclosed is a copy of Press Release on the same for your records.
27-07-2023
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INDIAN HOTELS CO.LTD. - 500850 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Outcome Of Board Meeting

Pursuant to Regulation 30 of SEBI LODR Regulations, 2015 we wish to inform you that the Board of Directors of the Company at its meeting held today granted in-principle approval for the following proposals: 1. Acqusition in Pamodzi Hotels PLC 2. To enter into a lease agreement for proposed hotel in Frankfurt, Germany
27-07-2023
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INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Acquisition

Pursuant to Regulation 30 of SEBI LODR Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today granted in principle approval for the following proposals: 1. Acquisition in Pamodzi Hotels PLC 2. To enter into lease agreement for a proposed hotel in Frankfurt, Germany
27-07-2023
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INDIAN HOTELS CO.LTD. - 500850 - Board Meeting Outcome for Un-Audited (Reviewed) Financial Results For The Quarter Ended June 30, 2023

Further to our letter dated July 20, 2023, the Board of Directors of the Company at their meeting held earlier today, inter-alia, considered and took on record the Un-audited (Reviewed) Standalone and Consolidated Financial Results along with the Limited Review Report thereon for the quarter ended June 30, 2023. The meeting commenced at 2.00 p.m. and concluded at 4:30 p.m.
27-07-2023
Bigul

INDIAN HOTELS CO.LTD. - 500850 - Un-Audited (Reviewed) Financial Results For The Quarter Ended June 30, 2023

Further to our letter dated July 20, 2023, the Board of Directors of the Company at their meeting held earlier today, inter-alia considered and took on record the Un-audited (Reviewed) Standalone & Consolidated Financial Results along with the Limited Review Report thereon for the quarter ended June 30, 2023. The meeting commenced at 2:00 p.m. and concluded at 4:30 p.m.
27-07-2023
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