Indian Hotels Expands SeleQtions Brand, Shares Rise 1.03%

The Indian Hotels Company Limited (IHCL), one of the major names in the hospitality industry of the country has announced the launch of Raajsa, Kumbhalgarh – IHCL SeleQtions, a new resort located in Rajasthan. Situated at the foothills of the Aravalli range and near the UNESCO-listed Kumbhalgarh Fort, the property has been constructed in a style inspired by Rajasthani forts. 

IHCL’s Expansion in Rajasthan

Raajsa, Kumbhalgarh joins IHCL’s 29 operational hotels in Rajasthan, with an additional eight properties currently under development. IHCL’s Managing Director and CEO, Puneet Chhatwal, remarked on the company’s long-standing presence in the state, which spans over five decades.

The launch of Raajsa, Kumbhalgarh – IHCL SeleQtions adds to IHCL’s operations in Rajasthan. Positioned near a prominent heritage site, the property aligns with the company’s ongoing development in the region. The resort includes 175 rooms with views of the Aravali Hills, dining, and event spaces. At its center lies a courtyard, to relate it to traditional Rajasthani architecture. 

Financials 

As of 10:35 AM  today, December 5, 2024, shares of Indian Hotels Company Ltd. (IHCL) were trading at ₹818.8, up 1.03% from the previous close. The company’s market capitalisation stood at approximately ₹116,401.17 crores. By that time, 30,832 shares had been traded on the BSE.

In the quarter ending September 30, 2024, IHCL reported consolidated sales of ₹1,890.22 crore, marking a 27.64% increase compared to the same period the previous year. The net profit for the quarter was ₹554.58 crore, representing a 232.24% year-over-year growth.

For the first half of the fiscal year 2025, the company achieved a 16% rise in consolidated revenue, totalling ₹3,486 crore. EBITDA increased by 23% to ₹1,061 crore, resulting in an EBITDA margin of 30.4%. The profit after tax for this period was ₹803 crore, a 106% increase, which included a one-time gain of ₹307 crore related to the consolidation of TajSATS.

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