The Indian Hotels Company Limited has informed the Exchange about Transcript
INDHOTEL · price
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IHCL reported 13th consecutive quarter of record performance despite multiple industry headwinds. Consolidated revenue grew 32% year-on-year to INR 2,102 crores, EBITDA grew 29% to INR 637 crores with 30.3% margin, and net profit rose 19% to INR 296 crores. Hotel segment margins were sustained at 31.4% even amid geopolitical tensions (Operation Sindoor, Israel-Iran conflict) that caused cancellations, partly offset by a wage cycle change impact of INR 11 crores. Domestic RevPAR grew 11% on like-for-like basis while international RevPAR grew 13%, led by strong US performance. The company added 12 new hotel signings and opened 6 hotels in the quarter, taking operational portfolio to 249 hotels with 143 in the pipeline, nearing the 400 milestone. Management fees grew 17% to INR 133 crores, and gross cash reserves stood at over INR 3,050 crores. Capex guidance for FY26 is INR 1,200 crores.
Strong Q1 results with sustained margins and continued portfolio expansion reinforce confidence in double-digit revenue growth guidance for FY26. The new asset platform with Tata Group (starting with Ginger Kolkata Airport) opens a strategic capital-light growth avenue. The stock is likely to be viewed positively given the resilient performance during a tough quarter.