Numbers ka Tadka: IHCL ne kiya dhamaka!
Arre bhai, Indian Hotels Company Limited (IHCL) ne Q3 FY2026 ke liye jo results diye hain, woh kamaal ke hain! Company ne lagatar 15th quarter mein record performance dikhai hai.
Consolidated revenue mein 12% ka solid jump aaya hai, jo ₹2,900 Crore par pahunch gaya. EBITDA bhi 11% badhkar ₹1,134 Crore ho gaya hai, aur EBITDA margin 39.1% maintain kiya hai. Lekin sabse zabardast toh PAT hai, jo 55% badhkar ₹903 Crore ho gaya! Isme ek special deal bhi thi - company ne ek joint venture ka stake bech diya, jisse ₹327 Crore (net of tax) ka profit hua hai, aur New Labour Codes se bhi ₹37 Crore ka impact hai.
9 Mahine aur Standalone Results bhi Strong!
Agar pehle 9 mahine (Nine Months FY2026) ki baat karein, toh revenue 17% badhkar ₹7,127 Crore ho gaya aur EBITDA 16% badhkar ₹2,425 Crore par pahuncha. PAT yahan 7% badhkar ₹1,485 Crore raha. Haan, pichle saal ke 9 mahine ke PAT mein TajSATS consolidation se ₹307 Crore ka ek baar ka fayda tha.
Standalone basis par bhi IHCL ne Q3 FY2026 mein ₹1,654 Crore ka revenue aur 48.2% ka zabardast EBITDA margin (jo 40 basis points badha hai) report kiya. Standalone PAT exceptional items ke baad ₹921 Crore raha.
Quality Check: Kya Numbers Alag Dikha Rahe Hain?
Ye jo 55% ka PAT jump dikh raha hai na, woh mostly JV stake sale se aaye ₹327 Crore ki wajah se hai. Agar yeh exceptional item na hota, toh underlying PAT growth kam dikhti. Aur 9 mahine ka 7% ka PAT growth bhi thoda refined picture deta hai, khaas kar jab pichle saal ₹307 Crore ka exceptional gain tha.
Lekin achhi baat yeh hai ki company operating cash flow bhi generate kar rahi hai. Pehle 9 mahine mein around ₹1,600 Crore cash generate hua hai.
Management Bolti Hai Aur Future Plans!
Management ka kehna hai ki Q3 revenue growth mein same-store performance, airline aur institutional catering mein 17% ka growth, aur New Businesses mein 31% ka badhiya performaance raha. Hotel segment ne toh ₹1,050 Crore ka best-ever quarterly EBITDA diya hai.
IHCL ka 'Accelerate 2030' plan poori raftaar se chal raha hai. Saal mein ab tak 239 hotels sign kiye gaye hain, jisse total portfolio 617 hotels tak pahunch gaya hai, aur 256 hotels ka pipeline bhi ready hai. Company wellness brand Atmantan aur Brij mein bhi investment kar rahi hai, aur Ginger brand ko bhi expand kar rahi hai.
Kya Hai Outlook Aur Risk?
Company strong operational execution aur aggressive expansion dikha rahi hai. Lekin investors ko report hone wale PAT mein exceptional items ka impact dhyan rakhna chahiye. Ambitious expansion plans ko execute karna aur hospitality sector ki demand fluctuations bhi dekhni hongi.
Balance sheet bhi strong hai, December 2025 tak ₹3,877 Crore cash balance tha, aur company ne greenfield aur brownfield projects ke liye ₹750 Crore ka CapEx bhi kiya hai.