ITC Hotels Q3 Results: Net Profit Jumps 9.4% to ₹235 Crore, Revenue Surges 21% YoY

ITC Hotels has reported a robust performance in the third quarter, showing steady growth across revenue and profits. The company’s Q3 results highlight a strong operational recovery post its demerger from ITC Ltd last year.

Market Performance

• Share price today: ₹180.35
• Intraday high/low: ₹186.70 / ₹180.20
• Opening price: ₹186.20

The stock saw moderate fluctuations following the earnings announcement, reflecting investor focus on the company’s growing revenue and profitability.

Key Financial Highlights of Q3

ITC Hotels’ consolidated financial performance for October-December shows significant year-on-year and quarter-on-quarter improvements:

• Net Profit: ₹235 crore, up 9.4% YoY (from ₹214.97 crore) and 77% QoQ.
• Revenue from Operations: ₹1,230.68 crore, rising 21% YoY (from ₹1,015.40 crore) and 47.1% QoQ (from ₹1,004.51 crore).
• Total Expenses: ₹714.64 crore, up 10.6% YoY (from ₹646.20 crore).
• EBITDA: ₹467 crore.
• EBITDA Margin: 38%, a rise from 29.2% in the year-ago period.

The figures show a strong operational efficiency, with revenue growth outpacing expense increases, driving higher margins and net profits.

Segment-wise Performance

Hotels Segment

The core hotel business continued to expand steadily:

• Revenue: ₹1,132.51 crore, up 13.76% YoY (from ₹995.49 crore).
• EBIT: ₹336.79 crore, a growth of 22.96% YoY (from ₹273.88 crore).

Real Estate Segment

The real estate business contributed modestly but consistently:

• Revenue: ₹81.51 crore
• EBIT: ₹26.45 crore

These numbers highlight that while hotels remain the main growth driver, the real estate segment continues to provide steady support.

Summary

ITC Hotels’ Q3 performance reflects resilience and consistent operational growth. The company has posted strong revenue gains across both hotel and real estate segments, coupled with expanding EBITDA margins and higher net profits.

This quarter’s results demonstrate a balance between revenue growth and cost management, ensuring that profitability scales alongside business expansion. The stock reacted with moderate movement today, reflecting market interest in the company’s earnings trajectory.

Source: Livemint