IHCL’s Q2 results showed net profit climbing 19.5% YoY to ₹380 crore and revenue up 21.7% to ₹2,484 crore, pushing the stock up 3%.
EBITDA slipped to 19.95% from 27.9% YoY, even as the figure climbed 23.9% to ₹706 crore. The margin drop reflects higher depreciation on recent acquisitions.
On a standalone basis, operating revenue hit ₹1,336 crore, up 26%, while operating EBITDA rose 40% to ₹520 crore, with a margin of 38.9%. Standalone net profit surged 36% to ₹393 crore.
IHCL signed 47 hotel deals in H1 FY27, bringing its portfolio to 670 properties and 32,000 rooms. After 20 openings, the operating portfolio stands at 390 hotels. Ginger celebrated its 100th operating hotel, and a merger proposal with Oriental Hotels was filed with the exchanges for an April 1 2027 effective date.
The company lifted FY27 revenue guidance to 15‑17% from 12‑14% and expects seasonal demand, social celebrations, and new openings to sustain growth. Analysts project a 9% CAGR for FY28, citing the expanded pipeline and stronger domestic performance.