India's leading luxury hotel brand, ITC Hotels, has reported excellent performance in its first financial results following its demerger. Let's examine the company's earnings, expenses, and net profit in detail.
New Delhi: ITC Hotels recorded a robust 20% increase in consolidated profit in the fourth quarter, reaching ₹258 crore. The company's revenue also strengthened by 17%, reaching ₹1061 crore.
Sustained Surge in Operational Revenue
ITC Hotels' operational revenue increased by 5.6% this quarter to ₹1061 crore, while on a year-on-year basis, it grew by 16.9%. EBITDA also performed exceptionally well, increasing by 8.5% on a quarterly basis and 27.9% year-on-year, reaching ₹417 crore. The company's margin also improved—it was 38.2% in Q3, now increasing to 39.3%, compared to 35.9% in the same quarter last year. Adjusted net profit during this period was ₹258 crore.
It is noteworthy that on January 6, 2025, ITC set the record date for the demerger of ITC Hotels, in which 1 share of ITC Hotels was given to every 10 shareholders of ITC at a ratio of 1:10. ITC Hotels' market cap is approximately ₹42,000 crore.
ITC Hotels' Total Expenses and Financial Stability
ITC Hotels' total expenses this quarter were ₹749.81 crore, slightly higher than ₹740.41 crore in the same quarter of 2023-24. This indicates that the company has effectively controlled its operating expenses.
Significant Increase in ITC Hotels' Net Profit and Operational Income
In fiscal year 2024-25, ITC Hotels' consolidated net profit was ₹637.64 crore, significantly higher than ₹423.87 crore in 2023-24. Similarly, consolidated operational income reached ₹3,559.81 crore, showing b growth compared to ₹2,224.4 crore in 2023-24.
About ITC Hotels
ITC Hotels is a leading luxury hotel chain in India, including prestigious properties such as ITC Maurya (New Delhi), ITC Grand Chola (Chennai), and ITC Grand Bharat (Gurugram). The brand is known for its high quality, luxury, and excellent service.
