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Indian Hotels: Back in business

Jan 22, 2003

After a continuous poor run, Indian Hotels Company Ltd. (IHCL) has started to nurse itself back to health. The company has declared a healthy result on the back of good holiday season. While revenues are up 29%, net profit has zoomed 86% YoY during the December quarter. Traditionally the peak time for this industry is during the October-February period. After a string of negative events, which created a dent in the revenues of the industry, IHCL has been able to bounce back positively.

(Rs m) 3QFY02 3QFY03 Change 9mFY02 9mFY03 Change
Net Sales 1,310 1,689 28.9% 3,735 3,974 6.4%
Other Income 32 16 -49.7% 163 173 6.4%
Expenditure 1,053 1,290 22.5% 3,031 3,233 6.7%
Operating Profit (EBDIT) 258 400 55.1% 704 740 5.1%
Operating Profit Margin (%) 19.7% 23.7%   18.9% 18.6%  
Interest 117 116 -0.4% 341 294 -13.6%
Depreciation 100 94 -5.6% 314 351 11.7%
Profit before Tax 72 205 182.9% 212 268 26.4%
Extraordinary items (20) 33 -269.4% 804 (33) -104.1%
Tax (7) 60 -920.5% 160 86 -45.9%
Profit after Tax/(Loss) 60 112 85.9% 857 148 -82.7%
Net profit margin (%) 4.6% 6.6%   22.9% 3.7%  
No. of Shares (eoy) (m) 45.1 45.1   45.1 45.1  
Diluted earnings per share* 5.3 9.9   25.3 4.4  
P/E ratio   18.7     42.2  

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Sep 23, 2020 03:33 PM

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