Indian Hotels Company

Tata group's hospitality firm Indian Hotels Company Ltd (IHCL) on Friday reported a 29 per cent on-year jump in net profit at Rs 582.32 crore for three months ended December 2024, driven by the consolidation of air and institutional catering business. This was in comparison to Rs 451.95 crore in the corresponding quarter of the preceding fiscal. Also, the company's total income surged by 29 per cent to Rs 2,592 crore in the quarter under review, from Rs 2,003.64 crore in the October-December quarter of the preceding fiscal (FY24), the company said in a regulatory filing. Puneet Chhatwal, Managing Director and CEO, IHCL, attributed the strong quarterly performance to consolidation of air and institutional catering business. "Q3 marks 11 consecutive quarters of record performance with the hotel segment reporting a strong revenue growth of 16 per cent... The revenue performance was driven by 40 per cent increase in new businesses, not like-for-like growth and double-digit growth in sa

Oriental Hotels Ltd has reported a profit after tax of Rs 13.99 crore for the quarter ending December 31, 2024, the company said on Wednesday. Oriental Hotels Ltd reported a profit after tax of Rs 16.43 crore during the corresponding quarter of last year. Oriental Hotels Ltd, an associate company of The Indian Hotels Company Ltd manages several hotels including the Taj Coromandel, Chennai, Taj Fisherman's Cove Resort and Spa, Chennai, among others. Revenue during the quarter under review surged to Rs 122.05 crore from Rs 106.07 crore registered during the same period of last year. "In Q3FY25, OHL has reported an operating revenue of Rs 121 crore, a growth of 20 per cent over the previous year. Led by an increase 11 per cent increase in average room rate resulting in an operating EBITDA of Rs 34 crore, a growth of 22 per cent.", Oriental Hotels Ltd Managing Director and CEO Pramod Ranjan said. The profit after tax for the nine month period ending December 31, 2024 stood at Rs 26.83

Tata Group-backed Indian Hotels Company on Thursday said it is "well poised" to achieve the portfolio of 700 hotels by 2030 under its "Accelerate 2030" strategy. The country's largest hospitality firm currently has 360 hotels under its portfolio, including 237 operational and 123 hotels in the pipeline. "IHCL is well poised to achieve its goal of a 700 hotel portfolio under its strategy - Accelerate 2030," the company said. IHCL also said it executed "85 signings and 40 openings in 2024". Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL said, "In line with IHCL's strategy Accelerate 2030, the growth continues to be focused on capital light, accounting for 75 per cent of the year's signings." She added, "The iconic Taj brand remains at the forefront of this growth with 19 signings in 2024. This is reflective of the growing affluence and demand for luxury experiences with signings spanning metros, pilgrimage locations, leisure destinations, state capitals .

Indian Hotels Company on Tuesday had set a target to grow consolidated revenue 2x to Rs 15,000 crore and double the portfolio of hotels to over 700 by 2030.

Tata Group hospitality firm Indian Hotels Company Ltd (IHCL) has earmarked capex of Rs 5,000 crore to double its number of properties to over 700 by 2030, its Managing Director and CEO Puneet Chhatwal said on Tuesday. Under the 'Accelerate 2030' programme, the company is also looking to double its consolidated revenue to Rs 15,000 crore in the next five years, Chhatwal told reporters at its 'Capital Market Day'. "We started our aspiration, saying that will be the most iconic and most profitable (hospitality) company from South Asia. Having achieved that, we've just tweaked it a bit, and we say we will be the most valued, most responsible and profitable hospitality ecosystem in South Asia...," he said. He further said anything related to the hospitality ecosystem, IHCL would like to be on the forefront of that. "And how do we win with this strategy is our expansion of our portfolio...," he said. Sharing the company's expansion plans for the next five years, Chhatwal said, "IHCL wi

Shares of Coforge hit a new high of Rs 8,236.95, gaining 3%, and zooming 71% in six months, on a strong growth outlook.

Indian Hotels will open the 1952-built Hessischer Hof in Frankfurt in the next 10 months marking its first foray into continent Europe

The company has witnessed revenue growth of 16.5 per cent YoY in October 2024 with a majority of the growth being contributed by an increase in average room rates

The hospitality giant reported a 232 per cent increase in net profit to Rs 555 crore in the September quarter, with revenue rising 25 per cent to Rs 1,890 crore

Indian Hotels Company Ltd on Thursday reported a more than three-fold rise in its consolidated net profit to Rs 582.71 crore for the second quarter of 2024-25, helped by exceptional gains from the consolidation of its air and institutional catering business segment TajSATS. The country's largest hospitality firm had registered a net profit of Rs 178.97 crore in the year-ago period, according to a regulatory filing. Its revenue from operations increased to Rs 1,826.12 crore in the June-September quarter from Rs 1,433.20 crore in the corresponding quarter of the last financial year. However, during the period under review, IHCL's expenses also rose to Rs 1,502.01 crore, as against Rs 1,248.68 crore a year ago. Puneet Chhatwal, Managing Director & CEO, IHCL, said, "The second quarter witnessed a strong revival of demand resulting in overall revenue growth of 28 per cent and 16 per cent growth for the hotel segment, marking the best ever Q2 Consolidated EBITDA margin at 29.9 per ...

Shares of Indian Hotels Company hit a new high of Rs 693.35, gaining 4 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes on expectations of strong revenue growth.

Listed hotel companies lead hotel transactions in H1 2024

IHCL continues to expand its network and has opened six hotels in Q1FY25, crossing the milestone of 325 hotels

Taj's brand value soared to $545 million, stated the report.

Olectra Greentech stock is now comfortably maintaining its position above this trendline, indicating a strong upward movement.

There is a bullish butterfly pattern seen on hourly scale so based on these signals, we advise investors / traders to "go long" in Indian Hotels Company within the price range of Rs 545-555 per share

Shares of Indian Hotels Company hit a new high of Rs 602.75, up 4% on the BSE in Friday's intra-day trade

Indian Hotels Company Ltd on Friday said its consolidated profit after tax (PAT) rose 37 per cent to Rs 167 crore in the second quarter ended September 30, 2023. In the year-ago period, the PAT was Rs 121.56 crore. Total income from operations rose to Rs 1,480.87 crore in July-September period from Rs 1,257.57 crore in the corresponding quarter of 2022-23, it said in a BSE filing. Total expense too was higher at Rs 1,248.68 crore as compared to Rs 1,101.20 crore. "We opened 8 hotels and signed 17 more in the first half of the fiscal thereby maintaining an industry-leading pipeline of 82 hotels. India's economic momentum coupled with higher consumer spends augurs well for the industry. Business on the books remains strong and the company is well positioned for the traditionally stronger second half of the financial year," Puneet Chhatwal, MD & CEO, IHCL, said. The company also informed about the acquisition of 2,59,000 equity shares of its subsidiary Piem Hotels held by New Vernon

Growth in the industry is largely expected from domestic demand which is expected to remain strong through FY 2023-24

Tata group hospitality firm Indian Hotels Company Ltd on Thursday reported a 30.5 per cent rise in consolidated net profit at Rs 236.01 crore in the first quarter ended June 30, 2023, driven by strong revenue growth. The company had posted a consolidated net profit of Rs 180.84 crore in the same quarter last fiscal, Indian Hotels Company Ltd (IHCL) said in a regulatory filing. Consolidated revenue from operations were at Rs 1,466.37 crore during the quarter under review as compared to Rs 1,266.07 crore in the year-ago period, it added. Total expenses were higher at Rs 1,221.76 crore as compared to Rs 1,053.12 crore a year ago, the company said. IHCL Managing Director & CEO Puneet Chhatwal said the company ended the first quarter with a strong performance led by a double-digit revenue growth. "Maintaining our industry leading portfolio, IHCL signed 11 (hotels) and opened 5 new hotels across all its brands. With our vast footprint across over 125 locations, we will leverage the ...