IHCL Reports ₹555 Crore Net Profit in Q2, Secures Contract for Delhi's Claridges Hotel.

Indian Hotels Company Limited (IHCL) reported a significant rise in its consolidated net profit, which tripled to ₹555 crore in Q2 of FY2025 compared to ₹160 crore in the same period last year. This remarkable growth was driven by an exceptional gain of ₹307 crore following the consolidation of its in-flight catering division into the hotel business.

IHCL’s revenue surged by 28% to ₹1,890 crore, while its EBITDA rose by 40% to ₹565 crore. Excluding the impact of consolidation, revenue growth was recorded at 16% and EBITDA growth at 30%. The company achieved its best-ever EBITDA margin of 29.9% this quarter, reflecting a strong demand revival in the hospitality sector.

Puneet Chhatwal, Managing Director and CEO of IHCL, expressed optimism about sustained performance, stating, “For FY2025, we continue to maintain guidance for double-digit revenue growth, supported by new business growth, not like-for-like expansion, and solid same-store performance.”

In addition to its robust financials, IHCL has expanded its portfolio by signing a contract to manage The Claridges Hotel in Delhi, effective from April 2025. Located near the prestigious Taj Mansingh in South Delhi, this partnership strengthens IHCL’s presence in the capital’s hospitality market.

Commenting on the alliance, Chhatwal noted, “The Claridges is an iconic asset, and we aim to expand the brand in key metros across India.” Suresh Nanda of Claridges Hotels Pvt Ltd added, “Under IHCL’s management, The Claridges will further build on its prestigious legacy.”

HBL