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Taj Hotel parent posts 37% rise in Q2 profit, revenue up 18%
Mint Mumbai
|October 28, 2023
The Indian Hotels Co. Ltd. which operates the Taj brand of hotels besides. SeleQtions, Vivanta and Ginger Hotels, reposted a consolidated net profit of ₹167 crore in the September quarter, up 37% from a year earlier. Its revenue grew 18% to 1,481 crore, while consolidated earnings before interest, taxes, depreciation and amortization (ebitda) was up 26% to ₹402 crore.
Ebitda margin expanded by 180 basis points to 27.2%.
"We are pleased with the performance. This is the bestever second-quarter performance and key focus remains to be most iconic and most profitable brand in the business," Puneet Chhatwal, managing director and chief executive, IHCL told Mint in a post-earnings call.
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