HighPositive
Announced Wed, 22 Jul · 09:17 IST

Tata Group stock in focus after Q1 net profit jumps 18% to Rs 390 crore

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AI summary

Indian Hotels Company (IHCL) reported an 18 percent jump in consolidated net profit to Rs 390 crore in Q1 FY27, marking its 17th consecutive best-ever quarter. Consolidated EBITDA rose to Rs 753 crore with margin expanding 80 basis points to 31.1 percent, driven by 14 percent RevPAR growth at domestic hotels, 22 percent growth in revenue from growth businesses, and strong performance from recent acquisitions. On a standalone basis, revenue stood at Rs 1,298 crore and net profit at Rs 337 crore, with EBITDA margin expanding 380 basis points to 41.8 percent; the company maintained its guidance for double-digit revenue growth for FY27.