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 Ill of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (the ''Regulations''). In accordance with the said Regulations, please note that the Company met with the investors / analysts today. Buy Indian Hotels; target of Rs 278: Motilal Oswal
Motilal Oswal is bullish on Indian Hotels recommended buy rating on the stock with a target price of Rs 278 in its research report dated April 28, 2022. INDIAN HOTELS CO.LTD. - 500850 - Statement On Deviation Or Variation Of Funds Raised Through Rights Issue
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMDl/162/2019 dated December 24, 2019, we hereby confirm that there is no deviation or variation in use of proceeds raised through Rights Issue. The statement of deviation, duly reviewed by the Audit Committee is attached herewith as Annexure A. The report of the Monitoring Agency along with the Statement of deviation, which was reviewed and taken on record by the Board of Directors &-Audit Committee of the Company at their meetings held today is enclosed. Q4FY22 Quarterly Result Announced for Indian Hotels Company Ltd.
Indian Hotels Company declares Q4FY22 result: IHCL reports a profitable Q4 on the back of 52% revenue growth Posts 192% increase in EBITDA in Q4 over previous year Records highest number of new hotel signings in 2021, for second consecutive year Reported revenue of INR 955 crores in Q4 FY 2021-22, an increase of 52% over Q4 FY 2020-21 Reported EBITDA of INR 242 crores in Q4 FY 2021-22 – a 192 % increase from Q4 FY 2020-21 IHCL raised INR 4000 crores - INR 2000 crores by way of rights issue and an additional INR 2000 crores through QIP Roots Corporation Ltd. (RCL), which operates the Ginger brand, is now IHCL’s wholly owned subsidiary IHCL launched Paathya, a six-pillared framework, to drive the company’s sustainability and social impact measures Recorded the highest number of new hotel signings in India for the second consecutive year, totaling 19 new hotels Signs five new hotels in the last quarter including two SeleQtions hotels in Manali and Udaipur, two Vivanta hotels in Nashik and Thane, and a Ginger hotel in Agra Opened five new hotels in Q4 FY 2021-22 across brands including Taj Exotica Resort & Spa, The Palm, Dubai; Raajkutir, Kolkata IHCL SeleQtions; Vivanta Turbhe; Ginger Greater Noida and Ginger Kochi The amã Stays & Trails homestay portfolio grew to over 80 bungalows across the country Qmin, IHCL’s culinary and food delivery platform, expanded to over 20 locations with 15 outlets and multiple food trucks across the country IHCL achieves milestone of 50 years of managing the iconic Rambagh Palace, Jaipur Received awards across multiple categories at the HICSA Hotels of the Year Awards 2022 For the year ending March 31st 2022, the Board of Directors have recommended an equity dividend of 40% amounting to Rs. 0.40 per share. Commenting on the fiscal performance, Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “IHCL reported a 192% increase in EBITDA in the fourth quarter as compared to the same quarter last year. Despite the third wave’s impact in January 2022, the company posted its highest ever EBITDA margin of 25.3%.” He further added, “Business outlook is positive with April and May trending ahead of 2019. Our industry leading pipeline along with scaling up of high margin new business like Ginger, amã Stays & Trails and Qmin will provide further impetus.” Mr. Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL, stated, “This year has seen significant progress on the shape of the P&L; and Balance Sheet. The successful raising of INR 4000 crores demonstrates continued investor confidence in IHCL. Overall, top line recovery, focus on asset light growth through management contracts and other revenue initiatives, together with the tight cost controls have enabled us to achieve industry leading margins.” Result PDF
Earnings Call for Q4FY22 of Indian Hotels Company Ltd (IHCL)
Conference Call with Indian Hotels Company Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript. INDIAN HOTELS CO.LTD. - 500850 - Board Meeting Outcome for Financial Results For The Year Ended March 31, 2022, Recommendation Of Dividend
Approved the Audited Financial Results (Standalone and Consolidated} for the financial year ended March 31, 2022 along with the Auditor''s Report thereon. In this regard please find enclosed: Audited Standalone and Consolidated Financial Results of the Company for the financial year ended March 31, 2022. Auditor''s Report in respect of the aforesaid Financial Results 2. Recommendation of Dividend Recommended a dividend of~ 0.40/- per Equity Share of~ 1/- each fully paid up of the Company @ 40% (previous year Rs 0.40/- per Equity Share of~ 1/- each fully paid up @ 40%}, subject to the approval of the Members at the Annual General Meeting. Accordingly: i. the dividend payable on one Equity Share of 1/- each fully paid up will amount to Rs 0.40/- (Forty paise Only} ii. the dividend payable on 100 Equity Shares of ~ 1/- each fully paid up will amount to Rs 40/- (Rs. Forty Only}. INDIAN HOTELS CO.LTD. - 500850 - Statement On Deviation Or Variation Of Funds Raised Through QIP
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMDl/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. INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMDl/162/2019 dated December 24, 2019, we hereby confirm that there is no deviation or variation in use of proceeds raised through Rights Issue. The statement of deviation, duly reviewed by the Audit Committee is attached herewith as Annexure A. The report of the Monitoring Agency along with the Statement of deviation, which was reviewed and taken on record by the Board of Directors &-Audit Committee of the Company at their meetings held today is enclosed herewith. INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
Pursuant to Regulation 30(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that based on the recommendation of the Audit Committee of the Company, the Board has, at its meeting held today, recommended the re-appointment of BS R & Co. LLP, Chartered Accountants (Firm Registration No. 101248W/W- 100022) as the statutory auditors of the Company for a second term to hold the office for a further period of 5 (five) consecutive years from the conclusion of the 121st Annual General Meeting of the Company scheduled to be held in the year 2022 till the conclusion of the 126th Annual General Meeting to be held in the year 2027, subject to the approval of the shareholders of the Company. B S R & Co. LLP is a multi-disciplinary Audit Firm catering to various clients in diverse sectors. B R & Co. LLP is a member entity of B SR & Affiliates, a network registered with the ICAI.