News

IHCL reports a profitable Q4 on the back of 52% revenue growth

The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated and standalone financials for the fourth quarter ending March 31st, 2022, and the full-year FY 2021-22.

Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL
Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL
  • Reported revenue of INR 955 crores in Q4 FY 2021-22, an increase of 52% overQ4 FY 2020-21
  • Reported EBITDA of INR 242 crores in Q4 FY 2021-22 – a 192 % increase fromQ4 FY 2020-21
  • IHCL raised INR 4000 crores – INR 2000 crores by way of a rights issue and an additional INR 2000 crores through QIP
  • Roots Corporation Ltd. (RCL), which operates the Ginger brand, is now IHCL’s wholly-owned subsidiary
  • Launched Paathya, a six-pillared framework, to drive the company’s sustainability and social impact measures
  • Recorded the highest number of new hotel signings in India for the second consecutive year, totaling 19 new hotels
  • Signs five new hotels in the last quarter including two SeleQtions hotels in Manali and Udaipur, two Vivanta hotels in Nashik and Thane, and a Ginger hotel in Agra
  • Opened five new hotels in Q4 FY 2021-22 across brands including Taj Exotica Resort & Spa, The Palm, Dubai; Raajkutir, Kolkata – IHCL SeleQtions; Vivanta Turbhe; Ginger Greater Noida and Ginger Kochi
  • The amã Stays & Trails homestay portfolio grew to over 80 bungalows across the country
  • Qmin, IHCL’s culinary and food delivery platform, expanded to over 20 locations with 15 outlets and multiple food trucks across the country
  • IHCL achieves the milestone of 50 years of managing the iconic Rambagh Palace, Jaipur
  • Received awards across multiple categories at the HICSA Hotels of the Year Awards 2022

KEY CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED MAR 31st, 2022

image 36 IHCL reports a profitable Q4 on the back of 52% revenue growth

KEY CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED MAR 31st,2022

image 37 IHCL reports a profitable Q4 on the back of 52% revenue growth

For the year ending March 31st, 2022, the Board of Directors has recommended an equity dividend of 40% amounting to Rs. 0.40 per share.

Commenting on the fiscal performance, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “IHCL reported a 192% increase in EBITDA in the fourth quarter as compared to the same quarter last year. Despite the third wave’s impact in January 2022, the company posted its highest-ever EBITDA margin of 25.3%.”

He further added, “Business outlook is positive with April and May trending ahead of 2019. Our industry-leading pipeline along with scaling up of high margin new business like Ginger, amã Stays & Trails, and Qmin will provide further impetus.”

Confident about the potential of the re-imagined brand Ginger, operated by Roots Corporation Limited (RCL), IHCL has completed the acquisition of the balance shares of RCL making it a wholly-owned subsidiary.

Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL, stated,“This year has seen significant progress on the shape of the P&L and Balance Sheet. The successful raising of INR 4000 crores demonstrates continued investor confidence in IHCL. Overall, top-line recovery, focus on asset-light growth through management contracts and other revenue initiatives, together with the tight cost controls have enabled us to achieve industry-leading margins.”

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