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IHCL Profit Surges 19.5% on Strong Q2 Performance
21 Oct
Summary
- Net profit increased by 19.5% year-on-year to ₹380 crore.
- Revenue from operations saw a 21.7% rise to ₹2,484 crore.
- EBITDA grew by 23.9%, but margins contracted slightly.
The Indian Hotels Company, a part of the Tata Group, has announced impressive financial results for the September quarter.
Net profit saw a substantial year-on-year increase of 19.5%, amounting to ₹380 crore compared to ₹318 crore in the same period last year.
Revenue from operations climbed by 21.7%, reaching ₹2,484 crore from ₹2,041 crore reported previously. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also experienced a healthy rise of 23.9%, growing to ₹706 crore from ₹570 crore.
Despite the positive growth across key financial metrics, the company's EBITDA margin experienced a contraction, falling to 19.95% from 27.9% in the corresponding quarter of the prior year.
