Indian Hotels is a big buzzer today morning; from its close of Rs.683.60, the stock today opened 4% higher at Rs.709.95 and soon rose to hit the 5% UC and a new 52-week high at Rs.722 where it now stays frozen.

The market is thrilled with its Q2FY25 performance wherein consolidated revenue rose 28% (YoY) to Rs.1890 crore on the back of a strong revival in demand. It posted its best-ever EBITDA margin of 29.9% while EBITDA rose 40% to Rs.565 crore. PAT for the quarter was at Rs.555 crore, up by a huge 232%.

The company said that for FY25, it continues to maintain a guidance of double-digit revenue growth led by the sustained growth in New Businesses, not like for like growth and healthy same store performance. This is reflected in a strong 16.5% growth in consolidated hotel segment revenue in October which is set to accelerate in the remaining months of Q3.

The company has also achieved a record signing of 42 hotels resulting in an industry leading portfolio of 350 hotels and met its market guidance of opening two hotels a month with 14 new hotel openings till date.

IHCL will take over the management of landmark hotel The Claridges, New Delhi in April 2025 under a hotel operating agreement. In addition, IHCL has entered into definitive agreements to acquire majority shareholding in Tree of Life brand holding company, expanding its brandscape with a boutique leisure offering.

IHCL now uses 38% energy from renewable sources and has installed 336 EV charging stations and to eliminate single use plastic, IHCL installed 55 bottling plants and achieved 45% + recycling of water used.