Q3 2026 Indian Hotels Company Ltd Earnings Call Transcript
Key Points
- Indian Hotels Co Ltd (BOM:500850) reported a 12% year-on-year revenue growth for Q3 '25-'26, reaching INR2,900 crore, with EBITDA growing 11% to INR1,134 crore.
- The company achieved its highest ever quarterly PAT of INR668 crore, marking a 15% year-on-year increase.
- The company has a diversified business model with 68% of its 32,300 operational keys on a capital-light model, enhancing capital efficiency.
- Indian Hotels Co Ltd (BOM:500850) has a strong pipeline with 30,200 keys under development, 80% of which are managed, providing multiyear growth visibility.
- Strategic acquisitions, such as Atmantan and Brij, are expected to contribute significantly to revenue, with Atmantan projected to generate INR100 crore in FY '27.
- The company faced one-off expenses of INR20 crore to INR25 crore during the quarter, impacting margins.
- There was a slower growth in management fee income in Q3 compared to previous quarters, attributed to timing differences in incentive fees.
- The New York asset, while showing improvement, has been a challenge, with ongoing negotiations regarding its future.
- Renovations at key properties, while necessary, have led to temporary displacement and increased costs.
- The company faces challenges in international markets like Sri Lanka and Maldives, which have been volatile.
Ladies and gentlemen, good day, and welcome to the Indian Hotels Company Limited Earnings Conference Call for the quarter ended 31st December 2025. On the call, we have with us Mr. Puneet Chhatwal, Managing Director and CEO, IHCL; and Mr. Ankur Dalwani, EVP and CFO, IHCL.
As a reminder, all participant lines will be in the listen-only mode, and there will be (Operator Instructions). Please note that this conference is being recorded.
I now hand the conference over to Mr. Puneet Chhatwal. Thank you, and over to you, Mr. Chhatwal.
Good evening, everyone, and thank you for joining our conference call for Q3 '25/'26. We are pleased to inform you that we have continued a record performance for the 15th consecutive quarter, driven by sustained strength in our core business while building scale with profitability.
I will now want to outline the five key sections of this call or this presentation from us, after which we will take you through
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
