One of the Tata Group stocks managed in premium hotels, resorts, palaces, and spas has jumped by 6% after reporting the quarterly report of September 2024. The company has increased net profit by 225.59 percent YOY, and revenue increased by 27.42 percent YOY.
Stock Movement
After announcing its quarterly results, Indian Hotels Company Limited’s share has jumped by 5.88% from the previous close of Rs. 683.60. The stock opened at Rs. 709.95 and is currently trading at Rs. 723.80, with a high of Rs. 727 and a low of Rs. 694. The market capitalization now stands at approximately Rs. 1,02,636.58 crore.
Q2 FY25 Result Walkthrough
Coming into the financial analysis of Indian Hotels Company Limited, the company’s consolidated revenue from operations increased by 27.42 percent YOY, from Rs. 1,433.20 crore in Q2 FY24 to Rs. 1,826.12 crore in Q2 FY25, and up by 17.80 percent QoQ from Rs. 1,550.23 crore in Q1 FY25.
Indian Hotels Company Limited has earned revenue from hoteling by 90.89%, which is Rs. 1,661 crores, and air & additional catering by 9.10 percent, which is Rs. 166.33 crores in Q2 FY25
In Q2 FY25, Indian Hotels Company Limited’s consolidated net profit increased by 225.59% YOY, reaching Rs. 582.71 crore compared to Rs. 178.97 crore during the same period last year. As compared to Q1 FY25, the net profit has increased by 123.96 percent, from Rs. 260.19 crore.
The basic earnings per share increased by 122.28% and stood at Rs 3.89 as against Rs 1.75 recorded in the previous quarter FY25.
In terms of return ratios, Indian Hotels Company Limited’s share ROE and ROCE are currently at 14.3 percent and 15.1 percent, respectively. Indian Hotels Company Limited has a debt-to-equity ratio of 0.29x, which shows the company is almost debt-free.
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Shareholding Pattern
In September 2024, Indian Hotels Company Limited had a majority stake held by the promoters at 38.12 percent, foreign institutional investors at 27.44 percent, domestic institutional investors at 18.67 percent, the government at 0.14 percent, and the public at 15.65 percent.
Tata Group Stocks has a majority holding stake in Indian Hotels Company Limited, which includes Tata Sons Private Limited at 35.66 percent, Tata Investment Corporation Limited at 1.26 percent, Tata Chemicals Limited at 0.83 percent, and Tata Industries Limited at 0.01 percent.
Company Profile
The Indian Hotels Company Limited (IHCL) was founded in 1902, and its founder is Jamsedji Tata. The company is part of the Tata Group. The Indian Hotels Company Limited manages premium hotels, resorts, palaces, and spas across multiple international locations. IHCL operates its flagship Taj Mahal Palace Hotel in Mumbai alongside diverse hospitality brands worldwide.
The Indian Hotels Company Limited strengthens its market presence through brands like SeleQtions, Vivanta, and Ginger across twelve countries. The company serves guests through luxury restaurants, including Bombay Brasserie and Golden Dragon. The Indian Hotels Company Limited enhances customer experiences through Taj InnerCircle loyalty programs and Taj Wedding Studios.
Written By – Nikhil Naik
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