Page 3 - Indian Hotels Company

Indian Hotels hits new high; surges 6% on strong Q2 operational performance

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

Indian Hotels Company inks pact with Delhi's iconic Claridges Hotels

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

IHCL Q2 results: Net profit zooms more than 3-fold to Rs 582.71 cr

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 ...

This Tata Group stock quotes at an all-time high; market cap nears 1 trn

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.

India's hospitality sector attracts $93 million investment in H1 of 2024

Listed hotel companies lead hotel transactions in H1 2024

Indian Hotels Company lacks valuation comfort despite strong outlook

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

Taj becomes world's strongest hotel brand on back of rapid revenue growth

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

Buy & Sell: Top three picks by Anand Rathi for May 28; check target prices

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

Indian Hotels, Power Grid, Federal Bank: Top 3 technical picks for May 14

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

This Tata group hotel stock has zoomed 100% in one year

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 Q2 results: Consolidated PAT rises 37% to Rs 167 cr

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

Hotel stocks in focus; Indian, EIH, Chalet hit new highs, surge up to 7%

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

Indian Hotels Company consolidated net profit up 30.5% to Rs 236 cr in Q1

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 ...

Sensex drops 440 pts on Thursday; Nifty ends July F&O series 3.6% higher

CLOSING BELL ON JULY 27, 2023: Sectorally, auto and energy shares bore brunt of the selling, while pharma and realty stocks ended with smart gains on Thursday.

Hotel stocks have more room for an upside; buy selectively: Analysts

The move to demerge the hotel business into a separate entity by ITC has brought back focus on hotel stocks, which have already seen a good run thus far in FY24.

Stocks to Watch on July 7: Dabur, Titan, SBI Card, PSBs, Cipla, Sobha, IHCL

Stocks to Watch today, July 7, 2023: Titan Company has registered a 20 per cent year-on-year (YoY) consolidated revenue growth in Q1FY24

IHCL partners with Tata Strive to set up skill centre in Rajasthan

Indian Hotels Company (IHCL) on Thursday said it has partnered with Tata Strive, a skill development initiative of Tata Trust, to set up a hospitality-focused skill centre at Umaid Bhawan Palace in Jodhpur, Rajasthan. "Rajasthan has a very strong growth potential in the tourism sector. We are delighted to partner with Tata Strive for the skill centre in Jodhpur, which will offer skill-building programmes to youth and also contribute to the overall growth of the industry, IHCL Executive Vice President - Human Resources Gaurav Pokhariyal said. The first batch with 20 students is being trained in a 4-month food and beverage course, whose module is designed by IHCL as a knowledge partner and is aligned to National Skill Development Corporation with Tata Strive as an implementation partner. This collaboration represents a significant step in IHCL's mission to contribute to the skill development and upliftment of individuals from economically weaker backgrounds, the statement added.

Stocks to watch: Maruti, Bajaj Finance, Glenmark Pharma, IHCL, Raymond

Stocks to watch today: From Maruti Suzuki to Bajaj Finance, here are top stocks to watch in Wednesday's trade

Reliance planning hotels, resorts, lodging facility near Statue of Unity

The Tata Group's Indian Hotels Company already is already in a partnership with Sardar Sarovar Narmada Nigam (SSNNL) and plans to launch two properties, namely Vivanta and Ginger

ITC's diversification into non-cigarette biz shows critical mass in profits

But ITC's strong run currently is not restricted to a single segment - all businesses are on a high