IHCL Q2 Results: Tata Group-owned hotel chain's net profit jumps 19% to Rs 379 crore

What happened: Indian Hotels Company Ltd (IHCL) reported a 19% rise in net profit for the July-September quarter, with revenue from operations also increasing year on year. Key numbers: Net profit Rs 379 crore versus Rs 318.26 crore a year ago. Revenue Rs 2,484.32 crore versus Rs 2,040.89 crore. Why it matters: CEO Puneet Chhatwal called it the eighteenth consecutive record quarter, citing 25% RevPAR growth from domestic same store hotels and 25% growth in management fee income. He said the company expects almost north of 20% growth in the domestic hospitality business.

Indian Hotels Company Ltd (IHCL) reported a 19% rise in net profit for the July-September quarter, with revenue from operations also increasing year on year.

CEO Puneet Chhatwal called it the eighteenth consecutive record quarter, citing 25% RevPAR growth from domestic same store hotels and 25% growth in management fee income. He said the company expects almost north of 20% growth in the domestic hospitality business.