Indian Hotels Q4 Results Review - Eighth Consecutive Best Ever Quarterly Performance: IDBI Capital

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.Indian Hotels Company Ltd.’s Q4 FY24 result was broadly in-line with our estimate on net sales front, while margins were a tad below our forecast. The company reported eighth consecutive best ever quarterly performance on key parameters, aided by healthy demand in the domestic market. Further, the management guided earnings to grow by healthy double digits in FY25E supported by sustained demand in domestic market. Net sales increased by 17.2% YoY to Rs 19.0 billion, while Ebitda came in at Rs 6.5 billion, a healthy growth of 23.2% YoY. Net profit stood at Rs 4.3 billion, higher by 29.4% YoY. We have marginally tweaked our FY25E/FY26E estimates upward. However, given the sharp run up in the stock, the upside is capped from current level. We downgrade the stock to Hold with a revised target price of Rs 673 (earlier Rs 586), assigning 30 times enterprise value/Ebitda to FY26E..Click on the attachment to read the full report:.Indian Hotels Q4 Results: Profit Rises 29% .DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Indian Hotels Q4 Results Review - Eighth Consecutive Best Ever Quarterly Performance: IDBI Capital

Impressive performance on key parameters

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