Indian Hotels Co. Ltd. witnessed a market cap increase of ₹10,386.72 crore, bringing its total market cap to ₹1,14,731.42 crore as of Friday’s close. The last traded share price on Friday was ₹732.90, reflecting a robust weekly gain of approximately 9.95% from Monday’s close of ₹666.55.
The Indian Hotels Co. Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Fri, Nov 8 2024
|
₹710.00
|
₹732.90
|
|
|
Thu, Nov 7 2024
|
₹690.15
|
₹683.80
|
-0.12%
|
|
Wed, Nov 6 2024
|
₹669.00
|
₹684.65
|
|
|
Tue, Nov 5 2024
|
₹665.90
|
₹668.00
|
|
|
Mon, Nov 4 2024
|
₹689.00
|
₹666.55
|
-3.06%
|
The Indian Hotels Company Limited (IHCL), a major player in the Indian hospitality industry, announced its financial results for the quarter ended September 30, 2024 (Q2 FY25). The company demonstrated strong growth across key financial metrics, showcasing its resilience in the hospitality sector.
Financial Highlights (Q2 FY25 vs Q2 FY24)
Revenue from Operations: IHCL reported revenue from operations of ₹1,842 crore for Q2 FY25, up from ₹1,432 crore in Q2 FY24, marking a substantial growth of approximately 28.6% year-on-year.
Other Income: Other income stood at ₹66 crore in Q2 FY25, a rise from ₹47 crore in Q2 FY24, reflecting a growth of around 40.4%.
Total Income: The total income for Q2 FY25 reached ₹1,908 crore, compared to ₹1,479 crore in the corresponding period last year, registering an increase of about 29%.
Expenses: Total expenses rose to ₹1,338 crore in Q2 FY25 from ₹1,036 crore in Q2 FY24, representing a 29.1% increase. Key expense components included:
Employee Benefit Expenses: ₹405 crore, up from ₹326 crore.
Investec has maintained a “Hold” rating on Indian Hotels while raising the target price from ₹630 to ₹742, reflecting a potential upside of 7.8% from the current market price (CMP) of ₹688.30. The brokerage cited the company’s comprehensive performance, which has been supported by healthy Average Room Rate (ARR) growth.
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