4% Growth in Consolidated Revenue (4165 crore)*
Operating EBITDA up 11% (670 crore)*
Mumbai, May 25, 2018: The Indian Hotels Company Limited (IHCL), India’s largest hospitality company reported its consolidated and standalone financials for the year ending March 31st 2018 and for the 4th quarter ending March 31st 2018.
KEY CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED MARCH 31st 2018
For the year ending March 31st 2018, the Board of Directors have recommended an equity dividend of 40% amounting to Rs. 0.4 per share. This is an increase over the previous dividend pay-outs of 35% & 30% in 2016/17 & 2015/16 respectively.
Commenting on the fiscal performance, Mr. Puneet Chhatwal, MD and CEO, said: “We delivered a stellar performance on improved profitability and growth in FY18. With a sharpened brandscape and continuous focus on growth, we are confident of consolidating our position of being the most iconic and profitable hospitality company in South Asia. I am very proud of the exceptional efforts made by my colleagues in increasing our EBITDA margins in the quarter by 4.6%.”
The company unveiled a comprehensive five-year business strategy, ‘Aspiration 2022’ on February 16th, 2018 at the Capital Market Day. The strategy aims to strengthen market leadership and achieve transformative growth leading to greater profitability. Key tenets of the plan include unlocking value from efficiencies in scale and simplifying the holding structure for greater profitability.
Mr. Giridhar Sanjeevi, CFO, stated: “The strong performance is a result of our focus on margin enhancement through optimization measures within an environment of growing demand. The rights issue coupled with better balance sheet management helped us to reduce the debt to equity ratio to 0.45.”
*PY numbers excludes one off’s for like to like comparison
AWARDS & RECOGNITION
GALLUP GREAT WORKPLACE AWARD
IHCL is a seven-time winner of the GALLUP Great Workplace Award – IHCL is the only Indian hospitality company on the list
PEOPLE CAPITAL INDEX AWARD
IHCL featured on the list of India’s 50 Best Companies for Talent Satisfaction
PATWA INTERNATIONAL AWARD
Taj Hotels Palaces Resorts Safaris was awarded Luxury Hotel Chain of the Year
DUN & BRADSTREET CORPORATE AWARD
IHCL received the Best Hotel Company Award
ALL INDIA INVESTOR RELATIONS AWARD
IHCL received the Best All India Investor Relations Award in the category of large-cap companies
BUSINESS TRAVELLER UK AWARD
Taj Hotels Palaces Resorts Safaris was awarded Best Business Hotel Chain in India
THE TELEGRAPH TRAVEL AWARD
Taj Hotels Palaces Resorts Safaris was voted Best Hotel Group: Runner-Up
TRIPADVISOR TRAVELERS’ CHOICE AWARD
Umaid Bhawan Palace, Jodhpur was recognized as the Best Hotel in India; ranked number 2 in Asia and number 3 in the World’s Best Hotels list
CONDE NAST TRAVELER USA GOLD LIST
The Taj Mahal Palace, Mumbai and Taj Lake Palace, Udaipur featured on Conde Nast Travelers’ Gold List
CONDE NAST TRAVELER USA READERS’ CHOICE AWARD
Rambagh Palace, Jaipur, Umaid Bhawan Palace, Jodhpur and Taj Diplomatic Enclave, New Delhi featured on the list of 50 Best Hotels in the World
About The Indian Hotels Company Limited
The Indian Hotels Company Limited (IHCL) and its subsidiaries, bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel - the Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 165 hotels including 20 under development globally across 4 continents, 12 countries and in over 80 locations.
The Indian Hotels Company Limited (IHCL) is amongst South Asia’s largest Indian hospitality company by market capitalization. It is primarily listed on the BSE and NSE.
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