INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Indian Hotels Company Limited (IHCL) on Friday reported a profit after tax of Rs 101 crore and consolidated revenues of Rs 4,165
crore for financial year 2017-18
The company declared a 40 per cent dividend for the financial year amounting to Rs 0.4 per share, an increase over the previous dividend
payouts of 35 per cent and 30 per cent in 2016-17 and 2015-2016, respectively
Its consolidated revenues grew by 4 per cent, while the operating EBITDA was up 11 per cent to Rs 670 crore.
IHCL reported a profit after
tax of Rs 76 crore in the fourth quarter, and its EBITDA margins increased by 4.6 per cent in the quarter.
Puneet Chhatwal, MD and CEO, said
the company delivered a stellar performance on improved profitability and growth in financial year 2018.
IHCL had unveiled a comprehensive
Indian subcontinent, or South Asia, and we continue to build as a top management team on that promise
We continue to measure and analyse it on a weekly basis, and are very focused on delivering on the same
And we already see a huge improvement in our margins in quarter four compared with the same quarter last year, which is very good
In our industry, the standalone quarter three and quarter four results are very important as 65 per cent of our revenues are generated in
The demand growth is 5 per cent and supply was 3.2 per cent
We are not into serious investments in projects
During the period under review, the company opened ten hotels totalling 697 keys
It opened a new Taj hotel in Andamans and 9 Ginger hotels in cities such as Mumbai, Gurgaon, Lucknow, Ahmedabad, Vadodara, Aurangabad and
Goa.
The year ahead will see the reopening of Taj Connemara in Chennai, the launch of Taj Aravali in Udaipur, a 120-room hotel under the
We will be opening a few important Ginger branded properties
reduce the debt-to-equity ratio to 0.45
