Indian Hotels Q4 FY2024 Results: Revenue Up 17.95%, PAT at ₹438.33 Cr, 29.36% YoY Increase, 22.46% Margin.

Tanushree Jaiswal Tanushree Jaiswal 25th April 2024 - 12:00 pm
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Key Highlights

  • Indian Hotels Limited reported a 17.95% increase in its consolidated revenue on a YOY basis reaching ₹1,951.46 in Q4 FY2024.rs
  • PAT was marked at ₹438.33 cr for Q4 FY2024 against ₹338.84 cr in Q4 FY 2023, an increase of 29.36%.
  • PAT margin for Q4 FY2024 stood at 22.46%.

Business Highlights

  • Indian Hotels Limited consolidated revenue from operations for FY2024 was ₹ 6768.75 cr, up by 16.50% on a YOY basis from ₹5809.91 cr in FY2023.
  • Net profit for FY 2024 was ₹1330.24 cr against ₹1052.83 cr in FY 2023, up by 26.35%.
  • The company declared an ₹1.75 dividend per equity share for FY2024 at 175%.
  • EBITDA for Q4 FY2024 was up by 25% on a YOY basis at ₹ 706 cr.
  • The company’s revenue is likely to grow in double digits with the openings of 25 hotels in FY2025.

 

Commenting on the results, Puneet Chhatwal, Managing Director & CEO of IHCL, said, “With 53 signings in FY2024, IHCL achieved a portfolio of 310 hotels, enabled by attaining scale in each of our brands and forming strategic alliances in new market segments". He added, "Investing in our competitive advantage of optimising the balance between operating leverage and fee-based business, IHCL has commenced a five-year capital deployment plan from FY2023 to FY2027 totalling ₹3,500 crore towards key asset upgradation, building capabilities and select new projects.”

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