The Indian Hotels Company Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
April 24, 2024 at 08:47 am EDT
Share
The Indian Hotels Company Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 19,053.4 million compared to INR 16,254.3 million a year ago. Revenue was INR 19,514.6 million compared to INR 16,545.4 million a year ago. Net income was INR 4,177.6 million compared to INR 3,282.7 million a year ago. Basic earnings per share from continuing operations was INR 2.93 compared to INR 2.31 a year ago.
For the full year, sales was INR 67,687.5 million compared to INR 58,099.1 million a year ago. Revenue was INR 69,516.7 million compared to INR 59,488.1 million a year ago. Net income was INR 12,590.7 million compared to INR 10,025.9 million a year ago. Basic earnings per share from continuing operations was INR 8.86 compared to INR 7.06 a year ago.
The Indian Hotels Company Limited is an India-based hospitality company. The Company and its subsidiaries are primarily engaged in the business of owning, operating and managing hotels, palaces and resorts. Its portfolio comprises not only premium and luxury hotel brands, but also includes diverse F&B, wellness, salon, and lifestyle brands. The Company's brands include Taj, SeleQtions, Vivanta, Ginger, ama Stays & Trails, Taj Sats, Qmin, The Chambers, TajSATS, niu&nau, Khazana, Soulinaire, Loya, House of Nomad, F&B, Golden Dragon, and Seven Rivers, among others. Taj, the Company's flagship brand, has approximately 100 hotels in its portfolio with 81 in operation and 19 in the pipeline. Its Ginger brand has a portfolio of approximately 85 hotels across 50 locations, including 26 under development. The Company's culinary and food delivery platform is present in approximately 24 cities delivering via Qmin app and has an offline presence through Qmin Shops, Qmin QSR and Qmin food trucks.