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IHCL reports 29% rise in net profit to ₹582 crore for Q4 2024, targeting 700 hotels by 2030.
Indian Hotels Company Ltd. (IHCL) reported a 29% rise in net profit to ₹582 crore for the quarter ending December 2024, with revenues increasing 29% to ₹2,592 crore.
The hotel segment saw a 16% revenue growth, driven by new businesses and a 20% increase in the US portfolio.
IHCL anticipates strong demand in coming quarters due to regional events and travel.
The company aims to expand its hotel portfolio to 700 by 2030 under its Accelerate 2030 strategy.
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La IHCL reporta un aumento del 29% en el beneficio neto a 582 crores para el Q4 2024, apuntando a 700 hoteles para 2030.