IHCL Q3 PAT rises 29% to ₹582 crore

Indian Hotels Company Ltd. (IHCL) for the third quarter ended December 31, 2024 reported 29% year-on-year growth in net profit to ₹582 crore.

The company’s revenue for the period at ₹2,592 crore also grew 29% over the same period last year.

Puneet Chhatwal, Managing Director & CEO, IHCL, said, “Q3 marks eleven consecutive quarters of record performance with the hotel segment reporting a strong revenue growth of 16% resulting in EBITDA margin of 40.9%.”

“The revenue performance was driven by 40% increase in New Businesses, not like for like growth and double-digit growth in same store hotels led by 20% growth in the US portfolio,” he said.

“In Q4 and the subsequent quarters of the next financial year, the sector will continue to witness demand buoyancy on account of large-scale regional events, weddings and sustained transient travel,” he added.