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ITC Hotels Q2 net profit rises 52% to ₹202.6 crore, revenue up 26%
Sentiment: PositiveHigh Priority
What Happened?
ITC Hotels Limited reported a 52% year-on-year increase in net profit to ₹203 crore for Q2FY27. Revenue rose 26% to ₹1,054 crore compared to last year.
Key points
- Consolidated net profit for Q2FY27 is ₹203 crore, up from ₹133 crore last year.
- Revenue from operations increased to ₹1,054 crore from ₹839 crore a year ago.
- Total income rose to ₹1,106 crore, a 25% increase from ₹885 crore in Q2FY26.
- Ebitda increased 37% year-on-year to ₹337 crore, with a margin of 32%.
- Revenue per available room (RevPAR) rose 21% due to higher occupancy and average room rates.
- ITC Hotels plans to incorporate a wholly owned subsidiary in Dubai, pending regulatory approvals.
Key insights
- The establishment of a subsidiary in Dubai may enhance ITC Hotels' international presence.
- Increased profitability could lead to more aggressive expansion plans in the coming years.
- The rise in RevPAR suggests a recovering demand in the hospitality sector post-pandemic.
Why it matters
The financial growth indicates strong performance in the hospitality sector, which could attract further investments.
Entities
ITC Hotels· CompanyDubai· CityUnited Arab Emirates· Country
Source
Business Standard
