From The Economic Times · Anumeha Chaturvedi · · 1m
IHCL Reports Q2 Revenue Growth
IHCL reports Rs 2484 cr Q2 revenue, 700 hotel target ahead of schedule.
In brief
IHCL reports Rs 2484 cr Q2 revenue, 700 hotel target ahead of schedule. IHCL achieved Rs 2484 crore Q2 revenue and Rs 380 crore profit, targeting 700 hotels by 2030 ahead of schedule. Originally reported by The Economic Times.
Q2 Financial Results
IHCL reported revenue from operations of Rs 2484 crore for Q2, up 21.7% year on year.
Profit and Guidance
Net profit reached Rs 380 crore, revising financial year 2027 revenue guidance to 15-17%.
Accelerate 2030 Target
IHCL set to achieve 700 hotel portfolio target well ahead of schedule with 390 operating hotels.
Q2 Performance Highlights
EBITDA stood at Rs 788 crore with 30.7% margin, driven by strong revenue growth.
Hotel Expansion
Opening 30 hotels in H2, including 20 in H1, with 280 hotels in pipeline.
Ginger Brand Milestone
Launched 100th operating Ginger hotel, first brand in India to reach this milestone.
At a glance
IHCL achieved Rs 2484 crore Q2 revenue and Rs 380 crore profit, targeting 700 hotels by 2030 ahead of schedule.
