Indian Hotels Company Limited (IHCL) has reported strong Q2 FY25 financial results, driven by significant revenue growth and record profitability. The company’s impressive performance highlights sustained demand and strategic growth 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, marking a substantial 28.6% year-on-year increase from ₹1,432 crore in Q2 FY24.
- Other Income: Other income rose 40.4% to ₹66 crore in Q2 FY25, compared to ₹47 crore in Q2 FY24.
- Total Income: Total income for Q2 FY25 reached ₹1,908 crore, up 29% from ₹1,479 crore in the same period last year.
- Expenses: Total expenses increased by 29.1% to ₹1,338 crore in Q2 FY25. Key expense items included:
- Employee Benefit Expenses: ₹405 crore, up from ₹326 crore.
- Food and Beverages Consumed: ₹114 crore, up from ₹92 crore.
- Depreciation and Amortization: ₹128 crore, compared to ₹103 crore.
- Profit Before Tax (PBT): PBT stood at ₹459 crore, reflecting a 30.4% increase from ₹352 crore in Q2 FY24.
- Profit for the Period: Profit surged to ₹582 crore in Q2 FY25, a remarkable 227% rise from ₹178 crore in Q2 FY24.
IHCL’s MD & CEO Puneet Chhatwal highlighted a strong 28% revenue growth and the best-ever Q2 consolidated EBITDA margin of 29.9%. He noted IHCL’s ambitious expansion with 42 new hotel signings and 14 openings to date, reinforcing its industry leadership with 350 hotels in its portfolio. Additionally, IHCL will take over management of The Claridges, New Delhi, in April 2025 and acquire a majority shareholding in the Tree of Life brand, expanding its presence in the boutique leisure segment.
As of 9:15 am the shares were trading 3.83% higher at ₹710.00
