Indian Hotels Standalone September 2021 Net Sales at Rs 461.49 crore, up 179.34% Y-o-Y
NULL22-10-2021
Indian Hotels' net loss narrows to Rs 130 cr in Q2 on strong recovery
To raise Rs 4000 cr via Rights Issue and QIP21-10-2021
Q2FY22 Quarterly Result Announced for Indian Hotels Company Ltd.
HIghlights: Revenues up by 132 % to Rs.752 crore in Q2 FY 2021 – 22 vs Q2 FY 2020 - 21. EBITDA improves by Rs. 180 crore to Rs. 97 crore in Q2 FY 2021 – 22 vs Q2 FY 2020 - 21. The board of directors of IHCL announced the approval of Rs. 4000 crore of fund raising: Rs.2000 crore will be raised by way of rights issue and additional Rs.2000 crore through QIP, subject to receipt of requisite approvals. The board also announced the approval of purchase of balance shares from the existing shareholders of Roots Corporation Limited which operates the Ginger brand. Signs five new hotels across brands including three SeleQtions hotels in Kolkata, Bhubaneswar and Nainital respectively; Vivanta in Ahmedabad, and Ginger in Udaipur. Opened four new hotels across brands including: Taj Lakefront, Bhopal at a landmark location in the heart of the city Pilibhit House, an IHCL SeleQtions hotel, on the banks of the Ganges in Haridwar Strengthened presence in East India with the launch of Vivanta Bhubaneswar Expanded presence in Goa with the launch of Vivanta Miramar The Chambers launched its new outpost in London. Taj The Chambers, located at the iconic Taj 51 Buckingham Gate Suites and Residences. The amã Stays & Trails homestay portfolio reached a portfolio of 59 bungalows across unique and off-beat destinations in the country. IHCL received the Amrop - ET India’s Best Boards Award under the Mid-cap category. IHCL received the Outstanding Community Partner Award by Virtuoso for its COVID response– #MealsToSmiles initiative. Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “Overall recovery has been stronger and quicker after the second wave. IHCL has seen significant improvement in performance quarter on quarter and the revenues grew by 132% over Q2 last year. The company has delivered a positive EBITDA of Rs. 97 crore in this quarter. In line with IHCL’s objective of driving growth and market leadership, the board approval of raising equity of Rs.4000 crore will enable us to be a zero-debt company in the future and help fund the company’s expansion, as well as its capital expenditure plans.” Confident about the potential of the reimagined Ginger brand, the board also approved the purchase of balance shares of Roots Corporation Limited (RCL) from existing shareholders, aggregating to 39.84% of equity share capital, at an equity valuation of Rs.1225 crore. Post acquisition, RCL will be a wholly owned subsidiary of IHCL. Mr. Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL, said, “We remain confident in the continued momentum of growth with very encouraging market indicators. The sustained cost optimization measures have helped the company improve cash flows and liquidity. The acquisition of the balance shares of Roots Corporation Limited is also in accordance with the company’s strategic objective of consolidating and simplifying its holding structure.” Result PDF21-10-2021
INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Further to our letter of date intimating the Financial Results of the Company for the quarter / half year ended September 30, 2021, enclosed is a copy of the Press Release on the same for your records.21-10-2021
INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Further to our letter of date, intimating the Financial Results of the Company for the quarter / half year ended September 30, 2021, 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 call today.21-10-2021
Indian Hotels Company Ltd - 500850 - Board Meeting Outcome for Outcome Of The Board Meeting -October 21, 2021
Further to our letter dated October 16, 2021 and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ("SEBI Listing Regulations "), we would like to inform you that the Board of Directors of the Company at its meeting held today has approved the following proposals: 1. Raising of Funds and 2. Purchase of Shares of Roots Corporation Limited,21-10-2021
INDIAN HOTELS CO.LTD. - 500850 - Un-Audited (Reviewed) Financial Results For The Quarter / Half Year Ended September 30, 2021.
We refer to our letter dated October 13, 2021. A Meeting of the Board of Directors of the Company was held earlier today, at which meeting the Board 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 /half year ended September 30, 2021. Enclosed is a copy of the said financial results of the Company and the Limited Review Report, being forwarded to you, in terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.21-10-2021
INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
This has reference to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Regulations').In accordance with the said Regulations, kindly note that an Analyst Call will be held, presenting the results for Q2 of the Financial Year 2021-22 on October 21, 2021 at 4.00 P.M. IST at Mumbai.19-10-2021
Indian Hotels Company Ltd - 500850 - Update on board meeting
INDIAN HOTELS CO.LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/10/2021 ,inter alia, to consider and approve Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in furtherance to our letter dated August 23, 2021, for issue of Equity Shares by way of a Rights Issue for an amount not exceeding Rs. 3,000 crore, we wish to inform you that at the Meeting of the Board of Directors of the Company to be convened on October 21, 2021, the Board may re-consider the total aggregate amount to be raised by Rights issue as also consider other fund raising options to complement the Rights Issue, as the Board may deem appropriate.16-10-2021
Indian Hotels Company Ltd - 500850 - Shareholding for the Period Ended September 30, 2021
Indian Hotels Company Ltd has submitted to BSE the Shareholding Pattern for the Period Ended September 30, 2021. For more details, kindly Click here14-10-2021