Indian Hotels Q3 FY25: Revenue up 29% YoY at ₹2,592 crore, PAT rises 29% to ₹582 crore

The Indian Hotels Company Limited (IHCL) has announced its consolidated financial results for Q3 FY25, reporting robust growth across key performance metrics. The company’s revenue surged 29% YoY to ₹2,592 crore, while profit after tax (PAT) also rose 29% YoY to ₹582 crore, setting a new benchmark for growth in the hospitality sector.

Key Highlights of Q3 FY25 Results:

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  • Revenue Growth: Consolidated revenue for Q3 FY25 stood at ₹2,592 crore, a 29% increase compared to the same period last year.
  • Profit After Tax: PAT reached ₹582 crore, reflecting a 29% YoY growth.
  • EBITDA Performance: EBITDA grew by 32% YoY to ₹1,020 crore, with margins expanding by 80 basis points to 39.4%.
  • Strong Domestic Performance: Domestic same-store hotels recorded a 13% RevPAR growth, outperforming the industry average.
  • International Portfolio: The international portfolio reported an occupancy rate of 78%, with a 25% RevPAR growth at The Pierre, New York.
  • New Businesses Growth: Revenue from new businesses, including Ginger, Qmin, and amã Stays & Trails, rose by 40% YoY to ₹164 crore.

Nine-Month Performance:

For the nine months ending December 31, 2024, IHCL reported:

  • Revenue: ₹6,078 crore, up 22% YoY.
  • EBITDA: ₹2,081 crore, marking a 27% YoY growth.
  • PAT: ₹1,385 crore, up 65% YoY, including a one-time gain of ₹307 crore from the TajSATS consolidation.

Business Updates:

  • Expansion: IHCL signed 20 hotels in Q3 and opened 8 new properties, expanding its operating portfolio to 237 hotels.
  • Sustainability Initiatives: IHCL achieved 37% energy usage from renewable sources and installed 336 EV charging stations.
  • Awards and Recognition: The company received multiple accolades, including Taj being named the World’s Strongest Hotel Brand 2024 by Brand Finance.

Outlook:

Puneet Chhatwal, Managing Director & CEO, stated, “Q3 marks eleven consecutive quarters of record performance. With large-scale regional events, weddings, and transient travel driving demand, IHCL is poised for sustained growth. The company’s capital-light model and ambitious expansion plans aim to reach 700 hotels by 2030.”

IHCL’s financial performance reflects its strong operational execution and strategic initiatives, making it a standout player in the hospitality sector. With growing revenue streams and an expanding portfolio, the company is well-positioned for long-term growth.