Achieves Seven Consecutive Quarters of Outstanding Performance with Revenue of INR 2,004 Crores, a 15% Year-over-Year Increase. EBITDA Reaches INR 772 Crores, Reflecting an 18% Year-over-Year Growth, and EBITDA Margin Stands at 38.5%. Profit After Tax (PAT) Records INR 452 Crores, Marking an 18% Year-over-Year Growth.<\/p>\n\n\n\n
The Indian Hotels Company Limited (IHCL), India\u2019s largest hospitality company, has disclosed its consolidated financial results for the third quarter ending December 31st, 2023.<\/p>\n\n\n\n
CONSOLIDATED FINANCIAL RESULTS FOR Q3 AND NINE MONTHS ENDED 31ST DEC 2023 – Q3 YoY PERFORMANCE<\/strong><\/p>\n\n\n\n Commenting on the Q3 FY24 performance, Mr. Puneet Chhatwal, Managing Director & CEO, IHCL, highlighted the company’s all-time high consolidated Q3 EBITDA margin of 38.5% and PAT margin of 22.6%. This marks seven consecutive quarters of record financial performance. The robust performance was driven by RevPAR premium in same-store hotels across markets, strong performance in not like-for-like growth, and the successful scaling of new businesses.<\/p>\n\n\n\n Mr. Chhatwal also emphasized IHCL’s industry-leading growth, with 28 hotels signed and 16 hotels opened during the fiscal year. The milestone of reaching the 200th operating hotel and the successful launch of the 371-key flagship Ginger at Mumbai Airport underscore IHCL’s potential to leverage sustained demand in the sector.<\/p>\n\n\n\n In terms of financials, Mr. Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL, highlighted a stellar Q3 performance in the domestic market, with standalone revenue reaching INR 1,323 crores, a 22% YoY growth. The EBITDA margin expanded to 45.4%, representing a 290-basis points increase. Consolidated results demonstrated a robust performance with an Operating EBITDA margin of 37.3%, a 190-basis points expansion, reflecting high revenue flow-through.<\/p>\n\n\n\n On a year-to-date basis, IHCL reported an all-time high revenue of INR 5,000 crores, an EBITDA margin of 32.7% in line with the Ahvaan 2025 guidance, and maintained healthy cash and cash equivalents of INR 1,810 Crores as of December 31, 2023.<\/p>\n\n\n\n Q3 PERFORMANCE HIGHLIGHTS<\/strong><\/p>\n\n\n\n DOMESTIC DOMINANCE<\/strong><\/p>\n\n\n\n NEW BUSINESSES & MANAGEMENT FEE \u2013 Q3<\/strong><\/p>\n\n\n\n IHCL\u2019s New Business vertical, comprising Ginger, Qmin, am\u00e3 Stays & Trails, The Chambers (membership fee), and TajSATS, reported a revenue of INR 420 crores. With a growth rate double that of IHCL Enterprise, New Business now accounts for 11.1% share of IHCL Enterprise revenue.<\/p>\n\n\n\n TajSATS reported a revenue of INR 233 crores, a 34% growth over the previous year maintaining an industry-first EBITDA margin of 25.8%. Ginger reported a revenue of INR 134 crores, a 34% growth over the previous year with an EBITDAR margin of 44%. am\u00e3 Stays & Trails clocked a YTD December brand revenue of INR 25 crores, a 31% growth over the previous year. Qmin reported a YTD December brand revenue of INR 72 crores, a 79% growth over the previous year reflecting the inclusion of 34 Qmin outlets in Ginger hotels.<\/p>\n\n\n\n Management Fee income grew by 13% over the previous year at INR 134 crores reflective of IHCL\u2019s asset-light strategy.<\/p>\n\n\n\n ESG+ FRAMEWORK OF PAATHYA<\/strong><\/p>\n\n\n\n IHCL now uses 39% energy from renewable sources and has installed 335 EV charging stations across 142 locations in India. Continuing its journey of eliminating single-use plastic, IHCL installed 40 bottling plants and achieved 47% recycling of water used. In its effort to bridge the employability gap in the industry, IHCL has partnered for 32 skill centres across locations in India.<\/p>\n\n\n\n AWARDS AND RECOGNITION<\/strong><\/p>\n\n\n\n The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj<\/strong> \u2013 the iconic brand for the most discerning travellers and ranked as India’s Strongest Brand 2023<\/strong> as per Brand Finance; SeleQtions<\/strong>, a named collection of hotels; Vivanta<\/strong>, sophisticated upscale hotels; and Ginger<\/strong>, which is revolutionising the lean luxe segment.<\/p>\n\n\n\n Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel – The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 285<\/strong> hotels including 85<\/strong> under development globally across 4 continents, 12 countries and in over 100 locations. The Indian Hotels Company Limited (IHCL)<\/strong> is India’s largest hospitality company by market capitalization. It is primarily listed on the BSE and NSE.<\/p>\n\n\n\n Please visit: www.ihcltata.com<\/a>; www.tajhotels.com<\/a>; www.seleqtionshotels.com<\/a>; www.vivantahotels.com<\/a>; www.gingerhotels.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Achieves Seven Consecutive Quarters of Outstanding Performance with Revenue of INR 2,004 Crores, a 15% Year-over-Year Increase. EBITDA Reaches INR 772 Crores, Reflecting an 18% Year-over-Year Growth, and EBITDA Margin Stands at 38.5%. Profit After Tax (PAT) Records INR 452 Crores, Marking an 18% Year-over-Year Growth. The Indian Hotels Company Limited (IHCL), India\u2019s largest hospitality […]<\/p>\n","protected":false},"author":1,"featured_media":10179,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[25,42,53],"tags":[],"class_list":["post-10178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-press-release","category-statistics"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/hoteliersweb.com\/News\/wp-content\/uploads\/2024\/02\/HW.png","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/posts\/10178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/comments?post=10178"}],"version-history":[{"count":1,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/posts\/10178\/revisions"}],"predecessor-version":[{"id":10180,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/posts\/10178\/revisions\/10180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/media\/10179"}],"wp:attachment":[{"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/media?parent=10178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/categories?post=10178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/tags?post=10178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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About The Indian Hotels Company Limited<\/h3>\n\n\n\n