Indian Hotels Co Ltd's Q3FY19 consolidated net profit rises 50% yoy to Rs161.78cr: In-line with Estimates
The company’s consolidated revenue in the quarter stood at Rs1,323.45cr, up 10.5% yoy and 37.21% qoq.
Feb 12, 2019 12:02 IST India Infoline Research Team
Indian Hotels Co Ltd Q3FY19
Consolidated Results Q3FY19: (in Rs cr)
| Q3FY19 | YoY (%) | |
|---|---|---|
| Revenue | 1,323.45 | 10.5 |
| EBITDA | 335.54 | 19.6 |
| EBITDA Margin (%) | 25.4 | 192 |
| Net Profit (adjusted) | 161.78 | 50.0 |
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The Indian Hotels Company Ltd's consolidated revenue for Q3FY19 came in at Rs1,323.45cr, up 10.5% yoy. Operating profit for the quarter came in Rs335.54cr, up 19.6% yoy. The operating EBITDA margin expanded ~192bps yoy to 25.4% in Q3FY19. The net profit before tax (PBT) increased by 44.9% yoy to Rs217.65cr during the quarter. The adjusted net profit attributable to owners for Q3FY19 increased to Rs161.78cr, up 50% yoy. The revenue, EBITDA, and profit before tax are in-line with the consensus estimates.
Technical View:
Indian Hotels Co Ltd ended at Rs136, up 0.55 points, or 0.41%, from its previous close of Rs135.45 on the BSE. The scrip opened at Rs137 and has touched a high and low of Rs138.85 and Rs133, respectively. So far, 8,43,968 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50-DMA.
