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.
Food and Beverages Consumed: ₹114 crore, compared to ₹92 crore.
Depreciation and Amortization: ₹128 crore, up from ₹103 crore.
Profit Before Tax (PBT): IHCL reported a PBT of ₹459 crore for Q2 FY25, a growth of 30.4% over the previous year’s PBT of ₹352 crore.
Profit for the Period: IHCL achieved a remarkable profit for the period of ₹582 crore in Q2 FY25, a significant rise from ₹178 crore in Q2 FY24, marking an impressive 227% year-on-year growth.
“The second quarter witnessed a strong revival of demand resulting in overall revenue growth of 28% and 16% growth for the hotel segment, marking the best ever Q2 Consolidated EBITDA margin at 29.9%. For FY2025, we continue to maintain a guidance of double-digit revenue growth led by the sustained growth in New Businesses, not like for like growth and healthy same store performance. This is reflected in a strong 16.5% growth in consolidated hotel segment revenue in October which is set to accelerate in the remaining
months of Q3,” said Puneet Chhatwal, MD & CEO of the company.
He added, “IHCL has achieved a record signing of 42 hotels resulting in an industry leading portfolio of 350 hotels and met its market guidance of opening two hotels a month with 14 new hotel openings till date. IHCL will take over the management of landmark hotel The Claridges, New Delhi in April 2025 under a hotel operating agreement. In addition, IHCL has entered into definitive agreements to acquire majority shareholding in Tree of Life brand holding company, expanding its brandscape with a boutique leisure offering.
