{"id":3205,"date":"2022-02-03T05:23:35","date_gmt":"2022-02-03T05:23:35","guid":{"rendered":"https:\/\/hoteliersweb.com\/News\/?p=3205"},"modified":"2022-02-03T05:23:37","modified_gmt":"2022-02-03T05:23:37","slug":"ihcl-reports-85-revenue-growth-at-rs-1134-crore-in-q3-fy-2021-22","status":"publish","type":"post","link":"https:\/\/hoteliersweb.com\/News\/articles\/3205","title":{"rendered":"IHCL REPORTS 85% REVENUE GROWTH AT RS. 1134 CRORE IN Q3 FY 2021-22"},"content":{"rendered":"\n<p><em><strong>~&nbsp;POSTS PROFIT AFTER TAX OF RS. 76 CRORE IN Q3 FY 2021-22<\/strong><\/em><\/p>\n\n\n\n<p><em><strong>~&nbsp;30.4% EBITDA MARGIN IN Q3 FY 2021-22<\/strong><\/em><\/p>\n\n\n\n<p><strong>MUMBAI, FEBRUARY 1, 2022:&nbsp;<\/strong><a href=\"https:\/\/www.ihcltata.com\/\"><strong>The Indian Hotels Company Limited (IHCL)<\/strong><\/a>&nbsp;reported its consolidated financials for the third quarter ending December 31<sup>st<\/sup>, 2021.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Revenues up by&nbsp;<strong>85%<\/strong>&nbsp;to<strong>Rs. 1134 crore<\/strong>&nbsp;in Q3 FY 2021-22 vs Q3 FY 2020-21<\/li><li>EBITDA improves by&nbsp;<strong>805%&nbsp;<\/strong>to&nbsp;<strong>Rs.<\/strong>&nbsp;<strong>344 crore<\/strong>&nbsp;in Q3 FY 2021-22 vs Q3 FY 2020-21 resulting in 30.4% EBITDA Margin for the quarter<\/li><li>Reports PAT of&nbsp;<strong>Rs. 76 crore<\/strong>&nbsp;in Q3 FY 2021-22<\/li><li>Signs<strong>&nbsp;five new hotels&nbsp;<\/strong>including two&nbsp;<strong>SeleQtions<\/strong>&nbsp;hotels in Jaisalmer and Bhubaneswar, and three&nbsp;<strong>Ginger<\/strong>&nbsp;hotels in Coimbatore, Dehradun and Goregaon<\/li><li>Opened&nbsp;<strong>three new hotels<\/strong>&nbsp;across brands including:<ul><li>&#8211;<strong>Taj Lakefront, Bhopal<\/strong>&nbsp;at a landmark location in the heart of the city<\/li><li>-Strengthened presence in the North East with the launch of&nbsp;<strong>Vivanta Sikkim&nbsp;<\/strong>in&nbsp;<strong>Pakyong<\/strong><\/li><li>-Expanded presence in East India with the launch of&nbsp;<strong>Raajkutir<\/strong>,an&nbsp;<strong>IHCL SeleQtions&nbsp;<\/strong>hotel, in&nbsp;<strong>Kolkata<\/strong><\/li><\/ul><\/li><li>The&nbsp;<strong>am\u00e3 Stays &amp; Trails&nbsp;<\/strong>homestay portfolio grew to&nbsp;<strong>72<\/strong>&nbsp;<strong>bungalows&nbsp;<\/strong>across the country<\/li><li>IHCL achieves milestone of&nbsp;<strong>50 years<\/strong>&nbsp;of managing the iconic&nbsp;<strong>Taj Lake Palace, Udaipur<\/strong><\/li><li><strong>Qmin<\/strong>, IHCL\u2019s culinary and food delivery platform, expanded its presence with&nbsp;<strong>11&nbsp;<\/strong>Qmin outlets in&nbsp;<strong>Bengaluru<\/strong>&nbsp;and&nbsp;<strong>two<\/strong>&nbsp;Qmin gourmet stores in New Delhi<\/li><li>Received global awards across categories at the&nbsp;<strong>Worldwide Hospitality Awards 2021<\/strong><\/li><\/ul>\n\n\n\n<p><strong>Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL,&nbsp;<\/strong>said, \u201cThe momentum of quarter-on-quarter growth has continued in the third quarter led by the upswing in domestic demand and recovery in international markets. IHCL reported a Profit After Tax of Rs. 76 crore in Q3 for the first time in this fiscal. With an EBITDA Margin of 30.4% in Q3, the company\u2019s performance is closely reflective of pre-COVID levels. We will continue to strengthen our portfolio and growing the new businesses while maintaining our asset light strategy.\u201d<\/p>\n\n\n\n<p>Despite the ongoing challenges of the pandemic, IHCL continues on its path of business expansion and consolidation with the acquisition of the balance shares of Roots Corporation Limited.<\/p>\n\n\n\n<p><strong>Mr. Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL,<\/strong>&nbsp;said, \u201cIHCL has maintained a strong performance with a significant increase of 85% in revenue this quarter compared to corresponding quarter in the previous year. We have also deployed the recent equity raised through the rights issue to retire debt as per the objects of the issue, thereby strengthening IHCL\u2019s objective of being a zero-debt company in the long term.\u201d<\/p>\n\n\n\n<p><strong>About The Indian Hotels Company Limited<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.ihcltata.com\/\"><u><strong>The Indian Hotels Company Limited (IHCL)<\/strong><\/u><\/a>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&nbsp;<a href=\"https:\/\/www.tajhotels.com\/?utm_source=Taj_Press_Release&amp;utm_medium=Referral&amp;utm_campaign=IHCL_PARTNERS_WITH_THE_LANDMARK_SUDARSHAN_BHARAT_PARIKRAMA_RALLY\"><u><strong>Taj<\/strong><\/u><\/a>\u2013 the iconic brand for the most discerning travelers and the&nbsp;<strong>World\u2019s Strongest Hotel Brand<\/strong>&nbsp;as per Brand Finance 2021,&nbsp;<a href=\"https:\/\/www.seleqtionshotels.com\/\"><u><strong>SeleQtions<\/strong><\/u><\/a>, a named collection of hotels,&nbsp;<a href=\"https:\/\/www.vivantahotels.com\/\"><u><strong>Vivanta<\/strong><\/u><\/a>, sophisticated upscale hotels and&nbsp;<a href=\"https:\/\/www.gingerhotels.com\/\"><u><strong>Ginger<\/strong><\/u><\/a>, which is revolutionising the lean luxe segment.<\/p>\n\n\n\n<p>Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel &#8211; The Taj Mahal Palace, in Bombay in 1903.&nbsp;<a href=\"https:\/\/www.ihcltata.com\/\"><u><strong>IHCL<\/strong><\/u><\/a>&nbsp;has a portfolio of 232 hotels including 61 under development globally across 4 continents, 12 countries and in over 100 locations.&nbsp;<a href=\"https:\/\/www.ihcltata.com\/\"><u><strong>The Indian Hotels Company Limited (IHCL)<\/strong><\/u><\/a>&nbsp;is India\u2019s largest hospitality company by market capitalization. It is primarily listed on the BSE and NSE.<\/p>\n\n\n\n<p>Please visit:&nbsp;<a href=\"https:\/\/www.ihcltata.com\/\">www.ihcltata.com&nbsp;<\/a>;&nbsp;<a href=\"https:\/\/www.tajhotels.com\/\">www.tajhotels.com&nbsp;<\/a>;&nbsp;<a href=\"https:\/\/www.seleqtionshotels.com\/\">www.seleqtionshotels.com&nbsp;<\/a>;&nbsp;<a href=\"https:\/\/www.vivantahotels.com\/\">www.vivantahotels.com&nbsp;<\/a>;&nbsp;<a href=\"https:\/\/www.gingerhotels.com\/\">www.gingerhotels.com<\/a><\/p>\n\n\n\n<p>For more information, please contact:&nbsp;<a href=\"mailto:Parinita.Gawri@ihcltata.com\">Parinita.Gawri@ihcltata.com<\/a>,&nbsp;<a href=\"mailto:Kirti.Dhingra@ihcltata.com\">Kirti.Dhingra@ihcltata.com<\/a><\/p>\n\n\n\n<p><strong>ANNEXURE I<\/strong><\/p>\n\n\n\n<p><strong>OTHER HIGHLIGHTS OF Q3 FY 2021-22<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>IHCL has&nbsp;<strong>opened<\/strong>&nbsp;<strong>three new hotels&nbsp;<\/strong>across brands including:<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Taj Lakefront, Bhopal&nbsp;<\/strong>at a landmark location in the heart of the city<\/li><li>Continued commitment to harness the tourism potential of the North East by stepping into Sikkim with&nbsp;<strong>Vivanta Sikkim<\/strong>&nbsp;in&nbsp;<strong>Pakyong<\/strong><\/li><li>Further expanded presence in East India with the launch of the heritage-inspired&nbsp;<strong>Raajkutir \u2013 IHCL SeleQtions<\/strong>&nbsp;in&nbsp;<strong>Kolkata<\/strong><\/li><li>IHCL&nbsp;<strong>signed<\/strong>&nbsp;<strong>five new hotels&nbsp;<\/strong>across its&nbsp;<strong>SeleQtions<\/strong>&nbsp;and&nbsp;<strong>Ginger<\/strong>&nbsp;brands:<ul><li>Two&nbsp;<strong>SeleQtions&nbsp;<\/strong>hotels including&nbsp;<strong>Gorbandh Palace&nbsp;<\/strong>in&nbsp;<strong>Jaisalmer&nbsp;<\/strong>and one in&nbsp;<strong>Bhubaneswar<\/strong><\/li><li><strong>Ginger&nbsp;<\/strong>continued on its path of rapid growth with the signing of three new hotels in&nbsp;<strong>Coimbatore<\/strong>,&nbsp;<strong>Dehradun<\/strong>&nbsp;and&nbsp;<strong>Goregaon<\/strong><\/li><li>The&nbsp;<strong>am\u00e3 Stays &amp; Trails&nbsp;<\/strong>homestay portfolio is now&nbsp;<strong>72 bungalows&nbsp;<\/strong>including the recent launch of a bungalow in&nbsp;<strong>Kolkata<\/strong>&nbsp;and new signingsin&nbsp;<strong>Chandigarh<\/strong>,&nbsp;<strong>Gurgaon<\/strong>,&nbsp;<strong>Kanha<\/strong>,&nbsp;<strong>Kochi<\/strong>&nbsp;and&nbsp;<strong>Lonavala<\/strong><\/li><li>Launched&nbsp;<strong>two new Qmin stores<\/strong>&nbsp;at&nbsp;<strong>The Connaught<\/strong>&nbsp;and&nbsp;<strong>Ambassador<\/strong>&nbsp;\u2013&nbsp;<strong>IHCL SeleQtions hotels<\/strong>&nbsp;in&nbsp;<strong>New Delhi<\/strong>&nbsp;and&nbsp;<strong>11 new Qmin outlets<\/strong>&nbsp;in&nbsp;<strong>Bengaluru.<\/strong>&nbsp;<strong>Qmin&nbsp;<\/strong>is present in&nbsp;<strong>20 cities<\/strong>&nbsp;delivering from over&nbsp;<strong>90 IHCL restaurants<\/strong>&nbsp;across India<\/li><li>IHCL has collaborated with the&nbsp;<strong>Confederation of Indian Industry (CII)<\/strong>&nbsp;and&nbsp;<strong>EHL Education Group, Switzerland<\/strong>&nbsp;to offer a&nbsp;<strong>Professional Diploma Program<\/strong>&nbsp;to hospitality industry students at&nbsp;<strong>CII\u2019s Vocational Education and Training by EHL (VET by EHL) Learning Centres<\/strong>&nbsp;across India<\/li><li>IHCL announced&nbsp;<strong>100 per cent placement<\/strong>&nbsp;of&nbsp;<strong>Institute of Hotel Management, Aurangabad<\/strong>&nbsp;<strong>(IHM-A)<\/strong>&nbsp;graduating class of 2020<\/li><li>With the continued focus on increasingly adopting sustainable practices,&nbsp;<strong>am\u00e3 Stays &amp; Trails<\/strong>&nbsp;has collaborated with&nbsp;<strong>Tata Power<\/strong>&nbsp;to install&nbsp;<strong>EV charging points<\/strong>&nbsp;at its villas and bungalows<\/li><\/ul><\/li><\/ul>\n\n\n\n<p><strong>ANNEXURE II<\/strong><\/p>\n\n\n\n<p><strong>AWARDS AND RECOGNITION<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>IHCL has been recognized across categories at the global&nbsp;<strong>Worldwide Hospitality Awards 2021<\/strong><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>The Taj Mahal Palace, Mumbai&nbsp;<\/strong>was awarded<strong>&nbsp;Best Iconic Asset<\/strong><\/li><li><strong>Qmin<\/strong>, IHCL\u2019s culinary and food delivery platform, received&nbsp;<strong>Best Team Achievement<\/strong><\/li><li>The<strong>&nbsp;IHCL Goa team&nbsp;<\/strong>wasawarded<strong>&nbsp;Best Team Achievement<\/strong><\/li><li><strong>INNERgise by Jiva Spa&nbsp;<\/strong>achieved the<strong>&nbsp;Best Wellness Experience award<\/strong><\/li><li>10 IHCL hotels were recognized across categories in the<strong>&nbsp;Conde Nast Traveler 2021 Readers\u2019 Choice Awards<\/strong><ul><li><strong>Top 15 Hotels in India<\/strong><ul><li>&#8211; Taj Lake Palace, Udaipur<\/li><li>&#8211; Taj Palace, New Delhi<\/li><li>&#8211; The Taj Mahal Palace, Mumbai<\/li><li>&#8211; Rambagh Palace, Jaipur<\/li><li>&#8211; Taj Fateh Prakash, Udaipur<\/li><li>&#8211; Umaid Bhawan Palace, Jodhpur<\/li><\/ul><\/li><li><strong>The Pierre, New York<\/strong>&nbsp;was listed in the&nbsp;<strong>Top Hotels in New York City<\/strong>&nbsp;and 36&nbsp;<strong>Best Hotels in New York City<\/strong><\/li><li><strong>Taj Exotica Resort &amp; Spa, Goa<\/strong>&nbsp;featured in the&nbsp;<strong>Top 25 Resorts in Asia<\/strong><\/li><li><strong>Taj Dubai<\/strong>&nbsp;featured in the&nbsp;<strong>Top 20 Hotels in the Middle East<\/strong><\/li><li><strong>Taj Jumeirah Lakes Towers, Dubai&nbsp;<\/strong>featured in the&nbsp;<strong>Top 20 Hotels in the Middle East<\/strong><\/li><\/ul><\/li><li><strong>Umaid Bhawan Palace, Jodhpur<\/strong>&nbsp;featured in the coveted&nbsp;<strong>Conde Nast Traveller Gold List 2022<\/strong><\/li><li>The&nbsp;<strong>Taj&nbsp;<\/strong>brand has been recognized as the&nbsp;<strong>Best Business Hotel Brand In India&nbsp;<\/strong>in the&nbsp;<strong>Business Traveller Awards 2021<\/strong><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>~&nbsp;POSTS PROFIT AFTER TAX OF RS. 76 CRORE IN Q3 FY 2021-22 ~&nbsp;30.4% EBITDA MARGIN IN Q3 FY 2021-22 MUMBAI, FEBRUARY 1, 2022:&nbsp;The Indian Hotels Company Limited (IHCL)&nbsp;reported its consolidated financials for the third quarter ending December 31st, 2021. Revenues up by&nbsp;85%&nbsp;toRs. 1134 crore&nbsp;in Q3 FY 2021-22 vs Q3 FY 2020-21 EBITDA improves by&nbsp;805%&nbsp;to&nbsp;Rs.&nbsp;344 crore&nbsp;in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3206,"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":[56,55,35,42,53],"tags":[],"class_list":["post-3205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-data","category-news","category-press-release","category-statistics"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/hoteliersweb.com\/News\/wp-content\/uploads\/2022\/02\/IHCL-Q3-results.png","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/posts\/3205","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=3205"}],"version-history":[{"count":1,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/posts\/3205\/revisions"}],"predecessor-version":[{"id":3207,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/posts\/3205\/revisions\/3207"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/media\/3206"}],"wp:attachment":[{"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/media?parent=3205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/categories?post=3205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/tags?post=3205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}