ITC Hotels (ITCHOTELS) Q3 24/25 earnings summary

Executive summary

• Equity shares listed on stock exchanges effective January 29, 2025, following demerger from ITC Limited.

• Unaudited financial results for the quarter and nine months ended December 31, 2024, approved by the Board on January 25, 2025.

• Company has not commenced commercial operations as of December 31, 2024.

Financial highlights

• Total income for the quarter ended December 31, 2024, was ₹163.92 lakhs, compared to ₹160.27 lakhs in the previous quarter and ₹151.51 lakhs in the same quarter last year.

• Net profit for the quarter was ₹74.35 lakhs, compared to a net loss of ₹41.68 lakhs in the previous quarter and a net profit of ₹52.63 lakhs in the same quarter last year.

• Earnings per share (not annualised) for the quarter was ₹0.01 (basic and diluted).

Significant events and developments

• Demerger of the Hotels Business from ITC Limited sanctioned by NCLT, effective January 1, 2025.

• Allotment of 1,251,171,040 equity shares to ITC Limited shareholders as per the demerger scheme.

• Company ceased to be a subsidiary of ITC Limited effective January 11, 2025.

• Listing of equity shares on stock exchanges completed on January 29, 2025.