The Indian Hotels Company (INDHOTEL) Q4 24/25 earnings summary

Executive summary

• Achieved record financial performance for the 12th consecutive quarter and FY25, driven by strong domestic demand, effective strategy execution, and portfolio expansion.

• Expanded hotel portfolio to 380 hotels and 46,000+ rooms, with 74 signings and 26 openings in FY25, 95% of which were capital-light.

• Maintained a strong balance sheet, net cash positive position, and healthy cash flows, enabling self-funded growth and flexibility for partnerships.

• Audited standalone and consolidated financial results for FY25 were approved with an unmodified auditor's opinion.

• Proposed a dividend of ₹2.25 per share, up from ₹1.75 last year, amounting to 20% of consolidated PAT, pending AGM approval.

Financial highlights

• Consolidated revenue grew 23% year-over-year to ₹8,565 crore (₹833,454 lakhs), with EBITDA up 28% to ₹3,000 crore and PAT up 63% to ₹1,961 crore (₹203,809 lakhs).

• Standalone revenue increased to ₹5,145 crore (₹491,654 lakhs), with PAT up to ₹47,380 lakhs and PAT margin at 27.5%.

• Q4FY25 revenue grew 27% year-over-year to ₹2,425 crore, with EBITDA up 30% to ₹918 crore and PAT up 37% to ₹540 crore.

• New businesses (Ginger, Qmin, Ama Stays, Tree of Life) delivered 40% growth, contributing ₹602 crore in revenue and 37% margin.

• Management fees increased 20% to ₹562 crore, driven by 11% net unit growth in managed rooms.

Outlook and guidance

• Confident of sustaining double-digit revenue growth in FY26, supported by robust demand, new hotel openings, and growth in new business segments.

• On track to achieve 'Accelerate 2030' targets: ₹15,000 crore revenue, 700 hotels, and sustained net cash position.

• April 2025 revenue grew 17% year-over-year, with strong business on books for Q1.

• Targeting 30+ hotel openings in FY26, with continued focus on scaling new businesses and prudent capital allocation.

• Dividend increase signals confidence in future cash flows and business performance.