Research And Views Archives | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Archives... Don't Miss Anything, Ever!

Here you will find all the research and views that we post on Equitymaster. Use the tools to customize the results to suit your preference!


INDIAN HOTELS Fact Sheet, INDIAN HOTELS Financial Results - Equitymaster

Jan 29, 2022 | Updated on Jan 29, 2022

Check out INDIAN HOTELS fact sheet and INDIAN HOTELS financial results online at Equitymaster.

INDIAN HOTELS Quarterly Results - Equitymaster

Jan 28, 2022 | Updated on Jan 28, 2022

Check out latest INDIAN HOTELS Quarterly Results online at Equitymaster.

INDIAN HOTELS Share price, NSE/BSE Forecast News and Quotes| Equitymaster

Jan 28, 2022 | Updated on Jan 28, 2022

INDIAN HOTELS: Get the latest INDIAN HOTELS Share price and stock price updates, live NSE/BSE share price, share market reports, financial report, balance sheet, price charts, financial forecast news and quotes only at

Indian Hotels: Headed north?

May 26, 2004

Indian Hotel's (IHCL) performance in 4QFY04 as well as in FY04 reflects the turnaround in industry fortunes since the lows in 4QFY03, which was mired by SARS and Iraq war. Though margins in FY04 are lower, what is important to understand is that the overall trend in terms of improvement in occupancy and ARR (average room rate) is here to stay.

IHCL: Holiday to continue...

Mar 4, 2004

With the domestic as well as international tourism industry gathering steam, the Indian hotel sector seems poised for a take off. In this backdrop, let us look at the performance and prospects of the leader in the domestic hotel industry, Indian Hotels. Indian Hotels Company Limited (IHCL) is India's largest hotel chain, which owns and manages 65 hotels across the country and the globe through its "Taj" brand. Overall the company has 8,155 rooms (owned and managed). It has a presence in all hote

Indian Hotels: Seasoned performance

Oct 15, 2003

Indian Hotels (IHCL) started the current financial year on a positive note (15% YoY growth in topline) giving an indication that the worst is probably over for the industry. In continuation of the positive results of 1QFY04, the hotel major posted an 18% YoY growth in topline and nearly 32% growth in bottomline over the previous period. Let us take a look at the performance of the company during the current quarter.

Indian Hotels: Operational blip

Jul 29, 2003

Indian Hotels (IHCL) has announced its 1QFY04 results, posting a topline growth of 15% and the bottomline has spurted up by 86%, which is largely due to the lower base during the previous period. Operating margins have taken a significant hit during the quarter (down 7%). Had operating margins been better, the net profit growth would have been much more stronger. Let us take a deeper look at the numbers during the quarter.

IHCL: Back to the future…

Mar 11, 2003

Indian Hotels (IHCL), the Tata Group's chain of hotels, has had one of its worst 18 months in recent memory. While its topline declined by 15% in FY02, the trend continued in 1HFY03 as well. However, 2HFY03 looks more promising, as the environment is lot better than what it was in FY02. We take a look as to how the company has performed over the last decade.

Indian Hotels: Room for growth

Jan 2, 2003

After witnessing a lackluster FY02, India's No. 1 hotel chain, Indian Hotels Co. (IHCL), has reeled under economic and geo-political affects in FY03 so far. IHCL reported a 25% dip in topline and its profit shrunk to a measly Rs 37 m in 1HFY03.

Indian Hotels: Time to look forward

Jul 20, 2002

The gloom at Indian Hotels Company Ltd. (IHCL) continues. The company has reported the third consecutive YoY decline in topline. Having said that, there has been no respite for the industry for the past 18 months. Every light at the end of the tunnel is an oncoming train. The industry has just come out of peak season, though it was not much to speak about, as the industry coped with the aftermath of September 11 and domestic setbacks.

EIH: FY02, closed chapter

Jul 2, 2002

After charting a revival in FY01, East India Hotels Ltd. (EIH) has once again experienced erosion in sales and profits. The company has registered four consecutive quarters of decline in top and bottomline. However, in its favour, the industry experienced rough times in year ended March '02. As compared to its key Indian competitor, IHCL, the financials have proved to be more vulnerable.

Indian Hotels: Obstacle course over

Jun 4, 2002

We had mentioned at time of 1HFY02 results for Indian Hotels Company Ltd. (IHCL) that achieving any growth in FY02 was likely to be a challenging task. Post September 11 events, hospitality and airline industry were amongst the worst affected. Consequently, fiscal '02 was likely to be a washout. With the extraordinary events, a YoY performance may not entirely be a fair comparison.

IHCL: Waiting for the upturn

Apr 13, 2002

Indian Hotels Company Ltd. (IHCL) is the dominant hospitality chain in the country with leading positions across various segments. This is not surprising considering the vintage of the Taj Group, which dates back to 1902. Over these years, the group has established a formidable chain across India. Currently, the total numbers of hotels under management is sixty, including properties abroad.

Indian Hotels: The abyss deepens

Jan 23, 2002

As mentioned at time of 2QFY02 results, Indian Hotels Company Ltd. (IHCL) faced downside risk on topline considering the slowdown in global and domestic economy coupled with aftermath of the September 11 events. With tourist cancelling / delaying their travel plans, travel related industries, namely airlines & hospitality, were considerably affected. That said, the YoY results are not entirely comparable due to sale of the air catering business in September '01.

Indian Hotels: Shaping its destiny

Dec 14, 2001

Among key casualties in the aftermath of the terrorist attacks was the hospitality industry. Business and leisure travel came to a stand still in the days following the attack. Indian Hotels Company Ltd. (IHCL), on the bourses, has charted a handsome comeback after the intial doomsday fears lapsed.

Indian Hotels: Analyst meet insight

Aug 2, 2001

Indian Hotels Co. Ltd (IHCL) reported its 1QFY02 results recently. The company’s sales grew by 12.5% YoY during this period to Rs 1.6 bn, and operating profits grew by 15.6% YoY. However, overall profits fell due to higher interest, depreciation costs as well as extraordinary items for deferred taxes as well as amortisation of its voluntary retirement scheme (VRS) costs.

Indian Hotels: Bucks industry trend

Jul 27, 2001

The Indian Hotels Company Ltd (IHCL), India's largest hotel chain has reported a 31% YoY decline in its 1QFY02 net profit to Rs 121 m, which was driven down mainly by higher provisions and amortisation expenses. However, the company’s sales during this period grew by 12.5% YoY and its operating profit was up by 15.7% YoY.

Indian Hotels: Management perception

Jun 8, 2001

At the recently held analyst meet of Indian Hotels Company Ltd (IHCL), the management seems quite optimistic on its renovation program and future growth plans. However, in the current financial year they have cautioned that 1HFY02, is likely to be only marginally better as compared to the previous year due to an overall slowdown in demand and higher competition especially in North Mumbai.

Indian Hotels: Targetting business hotels

Apr 14, 2001

The Indian Hotels Company Ltd (IHCL), India's largest hotel chain continues to see business hotels as its thrust area. Currently over 80% of its revenues still comes from its top five luxury hotels. However, as luxury hotels suffer more during the recession, due to their higher tariffs, the future growth for the sector lies in the business hotel segment.

Striving to be a world class hotel chain

Feb 24, 2001

When Mr. R.K. Krishna Kumar took over as the Managing Director of Indian Hotels Company Ltd (IHCL) four years ago, little was going well for this number one Indian hotel chain. The company was looking for direction as its occupancy and average room rates (ARRs) plunged and its foreign properties failed to deliver. At that point Mr. Krishna Kumar had confidently stated that IHCL will become a world class hotel chain.

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms