Hotels company Indian Hotels Company announced Q3FY25 results 29% Revenue growth at Rs 2,592 crore, 32% EBITDA growth at Rs 1,020 crore. EBITDA margin of 39.4%, an expansion of 80 bps. PAT at Rs 582 crore, growth of 29% YoY. Sets new growth benchmark in 2024. Puneet Chhatwal, Managing Director & CEO, IHCL, said: “Q3 marks eleven consecutive quarters of record performance with the hotel segment reporting a strong revenue growth of 16% resulting in EBITDA margin of 40.9%. The revenue performance was driven by 40% increase in New Businesses, not like for like growth and double-digit growth in same store hotels led by 20% growth in the US portfolio. With the consolidation of air and institutional catering business, Revenue and PAT grew by 29% at Rs 2,592 crore and Rs 582 crore respectively. In Q4 and the subsequent quarters of the next financial year, the sector will continue to witness demand buoyancy on account of large-scale regional events, weddings and sustained transient travel.” “In line with Accelerate 2030, IHCL sets a new growth benchmark with 55 signings and 20 openings till date this fiscal and 85% of these signings are capital light. With a portfolio of 360 hotels and an industry leading pipeline of 123 hotels, IHCL at this pace of growth is well poised to reach 700 hotels by 2030.” Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said: “With continued demand buoyancy in the domestic market IHCL Standalone reported a revenue of Rs 1,517 crore, an increase of 15% over the previous year, EBITDA margin 47.8%, an expansion 240 basis points and a 23% growth in PAT at Rs 469 crore. Led by a broad-based business performance, IHCL Consolidated reported EBITDA margin of 39.4% an expansion of 80 bps resulting in a strong gross cash position as on 31st December of Rs 2,823 crore.” “The company in January has acquired 55% shareholding in Rajscape Hotels, the brand holding company of Tree of Life and will form a part of IHCL Consolidated from Q4.” Result PDF