The Indian Hotels Company Limited (IHCL) has released its consolidated financial results for the third quarter of 2021, which ended on December 31, 2021.
In Q3FY22, the company’s revenues increased by 85 percent year on year to Rs 1134 crore, up from Rs 615 crore in Q3FY21.
In a filing, the company stated that EBITDA increased by 805 percent yoy to Rs344 crore in Q3FY22 compared to Rs38 crore in Q3FY21, resulting in a 30.4 percent increase. Margin of EBITDA for the quarter. In addition, it declared a profit after tax (PAT) of Rs76 crore in Q3FY22, a significant improvement over the loss of Rs119 crore in Q3FY21.
Two chosen hotels in Jaisalmer and Bhubaneswar, as well as three Ginger hotels in Coimbatore, Dehradun, and Goregaon, were among the five new hotels contracted by the firm.
