Indian Hotels profit jumped 232% year-on-year to ₹554.6 crore in the quarter ended September 2024, compared with ₹167 crore in the same quarter of the previous fiscal year. The strong increase in quarterly profit was accompanied by a 27.4% rise in operating revenue, highlighting continued growth in the company’s hospitality business.
Indian Hotels Profit Rises 232%: Q2 Results
Indian Hotels Company Ltd. (IHCL) reported the results in its exchange filing, with EBITDA also recording strong growth during the quarter.
Operating revenue grew by 27.4%, rising to ₹1,826 crore compared to ₹1,433 crore in the prior year’s period. Total income for the current quarter reached ₹1,890.2 crore. Expenses for the company also saw an increase, climbing to ₹1,502 crore from ₹1,248.68 crore a year earlier.
In Q2 results, Indian Hotels profit up by 232%. The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹501.27 crore, up 41.3% from ₹354.78 crore in the year-ago quarter. On the NSE, shares of IHCL closed at ₹688.30 per share, marking a slight rise of 0.53%.
Read Also: India’s Factory Growth Speeds Up in October, PMI Reveals
