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 year ended March 31, 2023, enclosed is a copy of the investors / analyst presentation on the performance of the Company for the said period for your records being made to the analysts at the Global Conference Call Q4 & FY 2022/23 to be held on April 28, 2023. Kindly acknowledge receipt. Q4FY23 Quarterly & FY23 Annual Result Announced for Indian Hotels Company Ltd.
Indian Hotels Company announced Q4FY23 & FY23 results: Q4FY23: Revenue up 73% at Rs 1,655 crore EBITDA up 134% at Rs 565 crore PAT up 343% at Rs 328 crore FY23: Revenue up 85% at Rs 5,949 crore EBITDA up 247% at Rs 1,943 crore PAT at Rs 1,003 crore Commenting on the FY23 performance, Puneet Chhatwal, Managing Director & CEO, IHCL, said, “IHCL achieved a record setting year with a number of significant accomplishments including the highest ever full year consolidated revenue, an all-time high and industry-leading EBITDA margin and PAT of over INR 1,000 crores a historic first for the company. This performance was enabled by consecutive four quarters of sustained high demand, additionally bolstered by IHCL demonstrating RevPAR leadership across its brandscape in all its key markets. IHCL crossed 260+ hotels in its portfolio including 36 signings at a rate of 3 hotels a month and 16 openings or a new hotel every three weeks in the year. IHCL’s vast footprint now covers 31 States and Union Territories in India. We were also able to achieve an optimal 50:50 mix between our owned/leased and managed hotels.” He added, “IHCL’s performance reflects the affection and loyalty of our guests, the continuous guidance and support from our Board and the remarkable passion and commitment of the 28,000-strong IHCL team. The management’s focus remains on value creation for all stakeholders, offering customers a unique hospitality ecosystem across segments, leading the way in engaging local communities in our value chain, pioneering new destinations in the country and delivering continued superior performance." Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL said, “Robust demand across markets and segments has led to all group companies reporting a full year positive PAT in domestic operations. Growth in same store performance supported by margin enhancing new businesses and asset light growth has led to a record EBITDA margin of 32.7%, an 8.7 percentage points expansion over FY 2019-20. This has been made possible by maximising operating leverage of our owned/leased hotels and margin enhancing fee-based business. IHCL continues to report a healthy consolidated free cash flow of INR 1,017 crores in FY 2022- 23 and remains net cash positive.” Result PDF INDIAN HOTELS CO.LTD. - 500850 - Statement On Deviation Or Variation Of Funds Raised Through Qualified Institutional Placement
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) 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. 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 year ended March 31, 2023, enclosed is a copy of the Press Release on the same for your records. INDIAN HOTELS CO.LTD. - 500850 - Corporate Action-Board approves Dividend
Recommendation of dividend of ? 1/- per Equity Share of ? 1/- each fully paid up of the Company @ 100 % INDIAN HOTELS CO.LTD. - 500850 - Board Meeting Outcome for Financial Results For The Year Ended March 31, 2023 And Recommendation Of Dividend
Approval of the Audited Financial Results (Standalone and Consolidated) for the Financial Year ended March 31, 2023 along with the Auditor's Report thereon and Recommendation of dividend of ? 1/- per Equity Share of ? 1/- each fully paid up of the Company @ 100 % INDIAN HOTELS CO.LTD. - 500850 - Financial Results For The Year Ended March 31, 2023 And Recommendation Of Dividend
Approval of the Audited Financial Results (Standalone and Consolidated) for the Financial Year ended March 31, 2023 along with the Auditor's Report thereon and Recommendation of dividend of ? 1/- per Equity Share of ? 1/- each fully paid up of the Company @ 100 %. INDIAN HOTELS CO.LTD. - 500850 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation of issuance of Duplicate Share Certificates under Regulation 39(3) of SEBI LODR Regulations, 2015 INDIAN HOTELS CO.LTD. - 500850 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyINDIAN HOTELS CO.LTD. 2CIN NO.L74999MH1902PLC000183 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 450.08 4Highest Credit Rating during the previous FY AA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CARE RATINGS LIMITED 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkNSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. YES Name of the Company Secretary: Beejal Desai Designation: Senior Vice President Corporate Affairs and Company Secretary Group EmailId: beejal.desai@ihcltata.com Name of the Chief Financial Officer: Giridhar Sanjeevi Designation: Executive Vice President and Chief Financial Officer EmailId: giridhar.sanjeevi@ihcltata.com Date: 26/04/2023 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.