IHCL Announces Financial Results for Q3 Fy 2023-24

MUMBAI – The Indian Hotels Company Limited (IHCL), India's biggest hospitality business, reported its combined financials for the 3rd quarter ending December 31^st2023.

COMBINED FINANCIAL RESULTS FOR Q3 AND NINE MONTHS ENDED 31ST DEC 2023

Q3 YoY PERFORMANCE

Talking about the Q3 FY24 efficiency, stated, IHCL reported an all-time high combined Q3 EBITDA margin of 38.5% and PAT margin of 22.6%marking 7 successive quarters of record monetary efficiency. This robust efficiency was made it possible for by very same shop hotels clocking RevPAR premium throughout markets and sections, strong efficiency of not like for like development and the scaling of brand-new services.

He included, IHCL continues to show market leading development with 28 hotels signed and 16 hotels opened this financial with a portfolio of 285 hotels consisting of a pipeline of 85 hotelsThis year marks the memorable event of reaching the 200^th running hotel turning point and effective launch of 371 secrets flagship Ginger at Mumbai Airport, providing a large capacity to scale the Ginger brand name. IHCL with its reputable brand names, large footprint throughout 130+ places and a healthy balance sheet, is well put to take advantage of this continual need upcycle the sector is experiencing.

In current statements, IHCL's renowned brand name Tajworld's biggest operator of Palaces, was acknowledged at 101 Executive Summit in Germany as the winner in ‘World's Finest Luxury Grand Palaces' classification. Highlighting the people-first work culture, Golden Peacock Awards, 2023 granted IHCL the HR Excellence Award.

Mr. Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL stated, Q3 saw an outstanding efficiency led by the domestic market as seen in IHCL's standalone income of INR 1,323 crores, a development of 22% over the previous year and EBITDA margin of 45.4% which is a 290-basis points growth. IHCL's combined outcomes likewise showed a strong efficiency with an Operating EBITDA margin of 37.3%a growth of 190 basis pointsreflective of high earnings circulation through.

He included, On a year to date basis IHCL combined reported an all-time high income of INR 5,000 crores, an EBITDA margin of 32.7% in line with the assistance of Ahvaan 2025 and preserved healthy money and money equivalents of INR 1,810 Crores as on 31st December 2023.

Q3 PERFORMANCE HIGHLIGHTS

• Overall Revenue for the quarter was led by a 21% development in Space Revenue
• Surpassing the market on domestic exact same shop RevPAR with a premium of 70% vs competitors
• Need buoyancy in the worldwide portfolio caused a tenancy of 70%leading to a RevPAR development of 9% over the previous year

DOMESTIC DOMINANCE

• IHCL continues to show market leading development with 28 hotels signed and 16 hotels opened on a year to date basis
• FY 2024 marks the memorable event of IHCL reaching the 200^th running hotel turning point
• IHCL's current finalizings consist of brand-new locations like Ayodhya, Itanagar, Dibrugarh, Surat, Dehradun and Chitwan in Nepaltaking its footprint to over 130 areas
• Growing its existence in the East and North East, IHCL opened Taj Taal Kutir, Kolkata, Vivanta Tawang and Ginger hotels in Durgapur and Gangtok
• Extending its schedule in Rajasthan, IHCL opened Taj Ranthambore and Gorbandh Palace, Jaisalmer
• Ginger brand name opened its flagship 371 space hotel at Mumbai Airport As a 110 space Ginger in NOIDAits 4th hotel in NCR micro market

• IHCL's New Business vertical consisting of (subscription cost) and TajSATS reported a profits of INR 420 crores
• At a development of 33% over the previous year, New Business clocked a development rate double that of IHCL Enterprise which grew at 17%
• New Business now represents 11.1% share of IHCL Enterprise income a growth of 130 bps from 9.8% in the previous year
  1. TajSATS clocked an income of INR 233 crore, 34% development over the previous year preserving an market initially EBITDA margin of 25.8%
  2. Ginger reported a income of INR 134 crore, a 34% development over the previous year with an EBITDAR margin of 44%. Enhancing the brand name's lean luxe positioning, the brand-new flagship Ginger Mumbai Airport clocked an 80% tenancy and a favorable net revenue in its very first month
  3. clocked a YTD December brand name profits of INR 25 crores, a 31% development over previous year. The portfolio now stands at 144 with 94 cottages in operations
  4. Qmin reported a YTD December brand name earnings of INR 72 croresa 79% development over previous year showing the addition of 34 Qmin outlets in Ginger hotels
• Management Fee earnings
  grew by 13% over the previous year at INR 134 crores reflective of IHCL's asset-light technique

ESG+ FRAMEWORK OF PAATHYA

• IHCL now utilizes 39% energy from eco-friendly sources and has actually set up 335 EV charging stations throughout 142 areas in India
• Continuing its journey of removing single usage plastic, IHCL set up 40 bottling plants and accomplished 47% recycling of water utilized
• In its effort to bridge the employability space in the market, IHCL has actually partnered for 32 ability centres throughout areas in India consisting of Kupwara, Lucknow, Bengaluru, Guwahati, Gwalior, Ekta Nagar to name a few

AWARDS AND RECOGNITION

1. TAJ RANKED THE BEST IN THE ‘WORLD'S FINEST LUXURY GRAND PALACES' CLASSIFICATION BY 101 EXECUTIVE SUMMIT', GERMANY
2. GOLDEN PEACOCK AWARD FOR HR EXCELLENCE, 2023 GRANTED TO IHCL
3. IHCL IDENTIFIED BY CONFEDERATION OF INDIAN INDUSTRY (CII) IN TOP 50 INNOVATIVE COMPANIES OF 2023
4. BRAND NAME FINANCE'S BRAND VALUE REPORT INDIA 2023 – TAJ RANKED AS INDIA'S STRONGEST BRAND FOR THIRD TIME
5. IHCL GOTTEN 2023 INTERNATIONAL CENTER FOR RESPONSIBLE TOURISM (ICRT), INDIA FOUNDATION RESPONSIBLE TOURISM AWARD FOR ‘BEST FOR TACKLING PLASTIC WASTE'
6. GOLDEN PEACOCK AWARD FOR RISK MANAGEMENT 2023
7. TRIPADVISOR – 2023 TRAVELLERS' CHOICE AWARD – RAMBAGH PALACE, JAIPUR RANKED WORLD'S NO. 1 HOTEL
8. GOLDEN PEACOCK AWARD FOR TRAINING 2023
9. CNBC TV18 – ICICI LOMBARD INDIA RISK MANAGEMENT AWARDS 2023 – MASTER OF RISK IN BUSINESS MODEL ADAPTABILITY
10. CONDÉ NAST TRAVELER READER'S CHOICE AWARDS 2023
    1. HOTELS ON BEST HOTELS IN INDIA LIST
       1. UMAID BHAWAN PALACE, JODHPUR– RANKED NO. 1
       2. TAJ LAKE PALACE, UDAIPUR
       3. TAJ NADESARPALACE, VARANASI
       4. THE TAJ MAHAL PALACE, MUMBAI
    2. BEST RESORT ASIA –
    3. BEST RESORT IN THE INDIAN OCEAN –
    4. BEST RESORT IN MIDDLE EAST –
11. CONDE NAST GOLD LIST 2023– THE TAJ MAHAL PALACE, MUMBAI
12. LA LISTE WORLD'S BEST HOTELS 2023– TOP 1000 WORLD'S BEST HOTELS
    1. RAMBAGH PALACE, JAIPUR
    2. FALAKNUMA PALACE, HYDERABAD
    3. THE TAJ MAHAL PALACE, MUMBAI
    4. TAJ LAKE PALACE, UDAIPUR
    5. UMAID BHAWAN PALACE, JODHPUR
    6. TAJ PALACE, NEW DELHI
    7. TAJ LANDS END, MUMBAI
13. TRAVEL + LEISURE READERS' – “WORLD'S BEST AWARDS”
    1. 25 FAVORITE HOTEL BRANDS OF 2023 – TAJ HOTELS RESORTS & & PALACES
    2. FAVOURITE RESORTS IN INDIA OF 2023 – TAJ LAKE PALACE, UDAIPUR
    3. BEST 100 HOTELS IN THE WORLD – TAJ LANDS END, MUMBAI, INDIA
    4. BEST CITY HOTELS IN ASIA – TAJ LANDS END, MUMBAI
    5. FAVORITE CITY HOTELS IN INDIA OF 2023 – TAJ LANDS END, MUMBAI
    6. 15 FAVORITE HOTELS IN NEW YORK CITY OF 2023 – THE PIERRE, NEW YORK

About The Indian Hotels Company Limited

The Indian Hotels Company Limited (IHCL) and its subsidiaries combine a group of brand names and organizations that provide a combination of warm Indian hospitality and first-rate service. These consist of Taj– the renowned brand name for the most critical tourists and ranked as India's Strongest Brand 2023 according to Brand Finance; SeleQtions, a called collection of hotels; Vivanta, advanced high end hotels; and Ginger, which is changing the lean luxe sector.

Included by the creator of the Tata Group, Jamsetji Tata, the Company opened its very first hotel – The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 300+ hotels consisting of 90 under advancement worldwide throughout 4 continents, 13 nations and in over 100 areas. The Indian Hotels Company Limited (IHCL) is India's biggest hospitality business by market capitalization. It is noted on the BSE and NSE.

Please go to: www.ihcltata.com; www.tajhotels.com;www.seleqtionshotels.com; www.vivantahotels.com; www.gingerhotels.com

Kirti Dhingra
IHCL