Also reported an EBIDTA of Rs 242 crore in Q4 FY22, an increase of 192% y-o-y

The Indian Hotels Company Limited (IHCL) has reported its consolidated and standalone financials for the fourth quarter ending March 31, 2022 and the full year FY 2021-22. The company reported a revenue of Rs 955 crore in Q4 FY 2021-22, an increase of 52% over Q4 FY 2020-21 and an EBITDA of Rs 242 crore in Q4 FY 2021-22, a hike of 192% from Q4 FY 2020-21. IHCL also raised Rs 4000 crore – Rs 2000 crore by way of rights issue and an additional Rs 2000 crore through QIP.  

For the year ending March 31, 2022, the Board of Directors have recommended an equity dividend of 40% amounting to Rs 0.40 per share. 

Commenting on the fiscal performance, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “IHCL reported a 192% increase in EBITDA in the fourth quarter as compared to the same quarter last year. Despite the third wave’s impact in January 2022, the company posted its highest ever EBITDA margin of 25.3%. Business outlook is positive with April and May trending ahead of 2019. Our industry leading pipeline along with scaling up of high margin new business like Ginger, amã Stays & Trails and Qmin will provide further impetus.” 

Roots Corporation Ltd. (RCL), which operates the Ginger brand, is now IHCL’s wholly owned subsidiary, IHCL said, while adding that it launched Paathya, a six-pillared framework, to drive the company’s sustainability and social impact measures. IHCL has recorded the highest number of new hotel signings in India for the second consecutive year, totalling 19 new hotels, it said.  

IHCL signed five new hotels in the last quarter including two SeleQtions hotels in Manali and Udaipur, two Vivanta hotels in Nashik and Thane and a Ginger hotel in Agra, and opened five new hotels in Q4 FY 2021-22 across brands including Taj Exotica Resort & Spa, The Palm, Dubai, Raajkutir, Kolkata – IHCL SeleQtions, Vivanta Turbhe, Ginger Greater Noida and Ginger Kochi.  

Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL, said, “This year has seen significant progress on the shape of the P&L and Balance Sheet. The successful raising of Rs 4000 crore demonstrates continued investor confidence in IHCL. Overall, top line recovery, focus on asset light growth through management contracts and other revenue initiatives, together with the tight cost controls have enabled us to achieve industry leading margins.”