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See how this hospitality stock soared 6% to a 52-week peak with a 226% YoY profit jump!

Tata-backed IHCL, operating the Taj brand, saw its stock surge 6% to a 52-week high after Q2 net profit tripled to Rs 582.7 crore. Revenue rose 27% to Rs 1,826 crore, and EBITDA grew 41%. TajSATS achieved 19% revenue growth with 24% EBITDA margin.
See how this hospitality stock soared 6% to a 52-week peak with a 226% YoY profit jump!

Tata-backed Indian Hotels Company (IHCL), which operates the Taj brand, saw its stock jump nearly 6%, reaching a 52-week high of Rs 722 in Friday’s BSE trade. This surge came after the company’s consolidated net profit more than tripled in the second quarter of the current financial year, surpassing analysts’ estimates. 

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The profit for the quarter ended Sept. 30 rose to Rs 582.7 crore, according to Thursday’s exchange filing projection of Rs 248 crore. Additionally, IHCL reported revenues of Rs 1,826 crore for the quarter, reflecting a 27.4% year-on-year increase. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at Rs 501.27 crore.

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IHCL Q2 FY25 Earnings Highlights

  • Revenue increased 27% to Rs 1,826.1 crore from Rs 1,433.2 crore Estimate: Rs 1,738 crore).
  • EBITDA rose 41% to Rs 501.3 crore compared to Rs 354.8 crore (Estimate: Rs 468 crore).
  • Margins expanded by 270 basis points to 27.5% from 24.8% (Estimate: 26.9%).
  • Net profit jumped 226% to Rs 582.7 crore from Rs 178.97 crore (Estimate: Rs 248 crore).
  • The company recorded an exceptional gain of Rs 307.4 crore in the quarter.
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Additional Notable Points

  • International Consolidated portfolio achieved 75% occupancy, boosting RevPAR by 10%.
  • Management Fee income rose 15% to Rs 100 crore due to varied growth factors.

TajSATS reported Rs 254 crore in revenue, a 19% increase, with an EBITDA margin of 24%.

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