Indian Hotels Q4 Review - A Positive Surprise On Ebitda Margin Front: IDBI Capital
The Connaught in New Delhi, part of Indian Hotels’ SeleQtions brand of hotels. (Photo: Indian Hotels website)

Indian Hotels Q4 Review - A Positive Surprise On Ebitda Margin Front: IDBI Capital

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BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

Indian Hotels Company Ltd.’s Q4 FY21 result was a mixed as net sales was a tad below our estimate, while sequential Ebitda margin improvement was a positive surprise.

Net sales declined by 42.1% YoY to Rs 6,150 million.

Ebitda came in at Rs 713 million compared to Rs 2,079 million in Q4 FY20.The company reported net loss of Rs 977 million.

After a healthy recovery in H2 FY21, the occupancies are under pressure from second half of March 2021 on account of increasing second wave of Covid-19 pandemic across the country.

The management guided that though domestic operations have witnessed traction, recovery in international business is commendable.

Click on the attachment to read the full report:

IDBI Capital Indian Hotels Q4FY21 Result Review.pdf

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