Indian Hotels posts 192% yoy jump in EBITDA for Q4FY22; stock climbs ~5.5%

28 Apr 2022 , 09:40 AM

The Indian Hotels Company Limited, one of the largest players in the hospitality industry, reported its consolidated and standalone financial results for the quarter ending and financial year ended March 31, 2022.

The company has reported a revenue of Rs955 crore in Q4FY22, up by 52% yoy against Rs626 crore previous corresponding quarter. For the current financial year under review, the company has logged a growth of 84.54% yoy in Revenue at Rs3,211 crore as compared to Rs1,740 crore in FY21.

It reported a surge of 192% yoy in EBITDA for Q4FY22 at Rs242 crore as compared to Rs83 crore in Q4FY21. EBITDA for FY22 was reported at Rs560 crore against negative EBITDA of Rs197 crore in FY21, up drastically on yoy basis.

The company’s PAT for Q4FY22 was reported at Rs74 crore as compared to a loss after tax of Rs91 crore in Q4FY21. For the financial year ended March 2022, Loss after tax narrowed to Rs248 crore against a loss of Rs720 crore in FY21.

The company has raised Rs4,000 crore during the financial year under review. Out of which, Rs2,000 crore was raised by way of a rights issue and an additional Rs2,000 crores through QIP.

Indian Hotels is currently trading at Rs248.60 up by Rs12.75 or 5.41% from its previous closing of Rs235.85 on the BSE. The scrip opened at Rs236.25 and has touched a high of Rs249.60 so far.