- IHCL revenue rose 21 percent in Q2.
- Profit after tax increases 23 percent.
- Full-service hotel RevPAR grows 28 percent.
Revenue growth was driven by stronger hotel performance, new openings and recent acquisitions. RevPAR at domestic same-store hotels, management fee income and select service business revenue each rose 25 percent. Brij and Atmantan also contributed to growth.
RevPAR at IHCL’s full-service hotels rose 28 percent. Major events in Delhi and better performance at renovated hotels in Goa, Delhi, Bengaluru and Udaipur helped drive the growth, IHCL said in a statement.
“This consistent performance is a testament to IHCL’s scalable and diversified operating model, which enables robust growth while preserving margin strength,” said Puneet Chhatwal, IHCL managing director and CEO.
Ankur Dalwani, IHCL executive vice president and chief financial officer, said the merger with OHL would simplify IHCL’s holding structure, expand asset management opportunities and support long-term revenue growth.
EBITDA reached $83.21 million, with a margin of 30.7 percent. Profit after tax rose 23 percent to $36.85 million, while operating revenue and operating EBITDA grew 22 percent and 24 percent, respectively.
IHCL’s consolidated operating EBITDA margin rose by 50 basis points during the quarter. Growth was supported by higher hotel revenue and management fee income.
On a standalone basis, IHCL’s operating revenue rose 26 percent year on year to $141.08 million. Operating EBITDA increased 40 percent to $54.91 million, with a margin of 38.9 percent, up 400 basis points. Profit after tax grew 36 percent to $41.5 million.
IHCL signed 47 hotel deals and opened 20 hotels in the first half of fiscal year 2027, taking its portfolio to 670 hotels with 280 more in the pipeline.
