Indian Hotels Q3 results preview: PAT estimated to grow 14.4%, margin likely to see a slight drop

Indian Hotels Q3 result 2024 date, Indian Hotels results expectations: The Indian Hotels Company Limited (IHCL) is all set to report its financial results on Thursday, February 1.

Indian Hotels results expectations: What's in it for investors?

According to Zee Business research, the Tata Group hotel company is likely to report a 14.8 per cent year-on-year (YoY) increase in consolidated revenue to Rs 1,935 crore for the quarter ended December 31, 2023.

Further, IHCL's earnings before interest, taxes, depreciation, and amortisation (EBITDA) are estimated to grow by 16.2 per cent YoY to Rs 694 crore.

The hotel chain is likely to report a growth of 14.4 per cent in profit after tax (PAT) to Rs 438 crore.

Meanwhile, the research desk estimates a slight drop in the margin—a key measure of profitability for a business—to 35.1 per cent versus 35.4 per cent logged in the year-ago period.

Indian Hotels' revenue per room, its average room rate of occupancy, is also expected to jump by 16.5 per cent to Rs 12,984. In addition, standalone occupancy is expected to increase from 72 per cent to 75.3 per cent.

As far as the result commentary of the company is concerned, investors need to keep an eye on IPL booking trends, the outlook on the domestic leisure segment, and international business.

The factors that need to be closely monitored in its commentary are the update on the pipeline of new hotel launches at spiritual destinations and an eye on RevPar, or revenue per available room growth outlook and guidance in FY25.

Indian Hotels Q2 results: How did the company fare in Q2?

Indian Hotels' consolidated profit after tax (PAT) rose 37 per cent to Rs 167 crore in the second quarter ended September 30, 2023.

Total income from operations rose to Rs 1,480.87 crore in the July–September period from Rs 1,257.57 crore in the corresponding quarter of 2022–23, it said in a BSE filing. Read more

Indian Hotels share price history

Indian Hotels shares have gained over 70 per cent in the last 12 months, outperforming the benchmark index, Nifty 50, which gained nearly 23 per cent during the window.

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