Indian Hotels Q1 FY24 Results Preview: According to Zee Business research, Indian Hotels is expected to cash in on the high occupancy of its hotels during summer holidays and the Indian Premier League 2023 season to record a notable jump of 29.4 per cent to Rs 220 crore in its profit after tax for the June quarter on a year-on-year (YoY) basis.

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The company, which is set to announce its April-June quarter results on July 28, is expected to see a significant jump of 13 per cent in its revenue, which may go up to Rs 1,430 in Q1 from Rs 1,266 in the year-ago period, according to analysts.

The research says the company's margin can jump from 29.8 per cent in the corresponding period last year to 30.3 per cent in the quarter under review.

The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA), which is a widely used measure of core corporate profitability, can also rise 14.6 per cent, from Rs 378 crore to Rs 433 crore in the April-June quarter.

Analysts are estimating the company's Annual Recurring Revenue to jump 10 per cent YoY.

Though the company's domestic business is expected to fare well, the growth of its international business can go down, as per Zee Business estimates.

Analysts ask investors to keep an eye on the outlook for the domestic leisure segment and international business in FY24 since the company is set to launch new hotels in FY23.

The analysts are also expecting growth for the company's new-age brands, Qmin and ama.

The Indian Hotels Limited is part of Tata Group and has a strong portfolio of hotels, resorts, palaces, in-flight services, jungle safaris, and spas.