IHCL Q1 Results: Profit rises 18% YoY to Rs 390 crore, total income up 15%

IHCL reported its seventeenth consecutive best-ever quarter with consolidated net profit rising 18 percent year-on-year to Rs 390 crore and total income up 15 percent. Consolidated EBITDA stood at Rs 753 crore with margin expanding 80 basis points to 31.1 percent, driven by 14 percent RevPAR growth in domestic like-for-like hotels, 22 percent growth in its newer businesses and 26 percent jump in management fee income. The company added 20 hotel signings taking the portfolio to 645 hotels, maintained Rs 4,439 crore in consolidated gross cash and reiterated guidance of double-digit revenue growth for the fiscal year.