ITC Hotels, the demerged hotel business entity of ITC Ltd, on Wednesday released its fiscal first quarter earnings report with profit at Rs 133.71 crore. This was 53.41 per cent higher in comparison to Rs 87.16 crore recorded during the corresponding quarter of FY25.
It posted revenue from operations at Rs 815.54 crore for the quarter in review, up 15.54 per cent on-year. The company had posted revenue of Rs 705.84 crore during the first quarter of the previous financial year. The company EBITDA went up by 19 per cent on-year to Rs 246 crore.
This is the third earnings report of the company since the demerger of its parent company.
ITC Hotels currently runs 140 properties with a total of 13,000 rooms, of which 45 per cent are owned. The company aims to expand its portfolio to over 200 hotels and more than 18,000 rooms by 2030, with a significant shift towards a managed model accounting for 65 per cent of the portfolio.
Shares of ITC Hotels were up 2.87 per cent at 2:15 pm today at a trading price of Rs 234.80.