Introduction:
Hospitality stocks represent companies involved in travel, tourism, and leisure services. These businesses are crucial to the economy, driving growth through tourism, hotel chains, and related services. Their performance often reflects broader economic trends and consumer sentiment.
Below are the details of how Hospitality stocks performed during the third quarter. The results reflect a mix of positive and negative trends influenced by each hotel’s market conditions.
Chalet Hotels Ltd
On February 7, Chalet Hotels (BSE: CHALET) opened at ₹748.10, reached a high of ₹758, and a low of ₹733.70, closing at ₹743, down by 0.54%. The company’s market capitalisation is ₹16,229.18 crore.
Chalet Hotels Ltd reported Q3 2024 revenue of ₹445.74 crore, a 17.8% increase from ₹378.39 crore in Q3 2023. The operating profit margin rose to 48.39%, compared to 46.89% in Q3 2023. EPS improved by 31.2%, reaching ₹4.67 from ₹3.56 in the same quarter last year.
Chalet Hotels Ltd is a leading hospitality company in India, operating luxury hotels across key metro cities. It focuses on premium business and leisure segments, with properties affiliated with renowned global brands.
Indian Hotels Company Ltd
On February 7, Indian Hotels Company (BSE: INDHOTEL) opened at ₹794.90, reached a high of ₹803.70, and a low of ₹784.95, closing at ₹791.45, up 0.15%. The market capitalisation stood at ₹1,12,657.54 crore.
Indian Hotels Company Ltd reported Q3 2024 revenue of ₹1,516.95 crore, reflecting a 14.6% growth from ₹1,323.19 crore in Q3 2023. The operating profit margin improved to 49.22% from 46.92% in Q3 2023. EPS grew by 23.1%, reaching ₹3.30 compared to ₹2.68 last year.
Indian Hotels Company Ltd is India’s largest hospitality company, best known for its iconic Taj Hotels brand. It operates a range of luxury, premium, and budget hotels, offering a strong presence in both domestic and international markets.
Mahindra Holidays and Resorts India Ltd
On February 7, Mahindra Holidays and Resorts India (BSE: MHRIL) opened at ₹347.40, reached a high of ₹349.50, and a low of ₹342.00, closing at ₹346.50, down 2.05%. The market capitalisation is ₹6,999.57 crore.
Mahindra Holidays and Resorts India Ltd reported Q3 2024 revenue of ₹391.42 crore, up 4.9% from ₹372.99 crore in Q3 2023. The operating profit margin slightly declined to 35.29% from 35.86% in the previous year. EPS dropped by 25.4%, falling to ₹2.52 from ₹3.38.
Mahindra Holidays and Resorts India Ltd is a leader in the vacation ownership industry, operating under the Club Mahindra brand. It offers a wide range of resorts in India and abroad, providing memorable holiday experiences for families.
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Oriental Hotels Ltd
On February 7, Oriental Hotels (BSE: ORIENTHOT) opened at ₹146.45, reached a high of ₹146.45, and a low of ₹137.00, closing at ₹138.60, down 3.85%. The market capitalisation is ₹2,475.38 crore.
Oriental Hotels Ltd reported Q3 2024 revenue of ₹122.05 crore, a 15.1% increase from ₹106.07 crore in Q3 2023. The operating profit margin declined to 28.74% from 32.17% in the previous year. EPS fell by 15.2%, dropping to ₹0.78 from ₹0.92.
Oriental Hotels Ltd operates premium hotels under the Taj brand in southern India. It caters to both business and leisure travellers, offering high-quality hospitality services. The company focuses on strategic locations to attract diverse customer segments.
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Samhi Hotels Ltd
On February 7, Samhi Hotels (BSE: SAMHI) opened at ₹168.95, reached a high of ₹168.95, and a low of ₹160.25, closing at ₹160.95, down 2.98%. The market capitalisation stands at ₹3,541.75 crore.
Samhi Hotels Ltd reported Q3 2024 revenue of ₹40.60 crore, a marginal rise from ₹39.85 crore in Q3 2023. The operating profit margin improved significantly to 32.97% from -186.22% in the previous year. EPS turned positive at ₹0.01, compared to a loss of ₹-3.72.
Samhi Hotels Ltd is a fast-growing hotel ownership and asset management platform in India. It collaborates with leading global brands like Marriott and Hyatt, managing upscale and mid-scale hotels across major cities.
TAJ GVK Hotels and Resorts Ltd
On February 7, TAJ GVK Hotels and Resorts (BSE: TAJGVK) opened at ₹427.65, reached a high of ₹428.00, and a low of ₹411.30, closing at ₹414.00, down 3.10%. The market capitalisation is ₹2,595.84 crore.
TAJ GVK Hotels and Resorts Ltd reported Q3 2024 revenue of ₹128.66 crore, a 14.9% increase from ₹111.93 crore in Q3 2023. The operating profit margin improved to 40.44% from 37.03% last year. EPS rose by 39.9%, reaching ₹5.40 compared to ₹3.86.
TAJ GVK Hotels and Resorts Ltd is a joint venture between the Indian Hotels Company Ltd and GVK Group. It manages luxury hotels under the Taj brand, primarily in the southern and central regions of India.
Please Note: Other Hospitality stocks are yet to announce their Q3 results.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
