Kolkata, January 29, 2025 – ITC Hotels Limited (NSE: ITCHOTELS) has reported a net profit of ₹74.35 crore in Q3 FY25, marking its first quarter as a publicly listed company following the demerger from ITC Limited. The company posted a steady revenue of ₹163.92 crore, reflecting its growing presence in the hospitality sector.
Key Financial Highlights (Q3 FY25 vs Q3 FY24)
- Total Revenue: ₹163.92 crore, up from ₹160.27 crore (+2.3%)
- Profit After Tax (PAT): ₹74.35 crore, compared to a loss of ₹41.68 crore in Q3 FY24
- EBITDA: ₹99.36 crore, up from a loss of ₹55.69 crore in Q3 FY24
- Total Expenses: ₹64.56 crore, down from ₹215.96 crore (-70.1%)
- Earnings Per Share (EPS): ₹0.01 (Q3 FY25)
Nine-Month Performance (9M FY25 vs 9M FY24)
- Total Revenue: ₹478.13 crore, up from ₹253.69 crore (+88.4%)
- Net Profit: ₹207.22 crore, up from ₹21.98 crore (+842.2%)
- Total Comprehensive Income: ₹207.22 crore, up from ₹21.98 crore (+842.2%)
Operational & Business Developments
- Demerged from ITC Limited:
- The company ceased to be a subsidiary of ITC Limited following the allotment of 125.11 crore equity shares to ITC shareholders as per the demerger scheme.
- Officially listed on NSE and BSE on January 29, 2025.
- No Reportable Segment Yet:
- The company is yet to commence full-scale commercial operations.
- Revenue is primarily from asset management and service fees.
- Significant Tax Reversal Impact:
- Deferred tax reversal of ₹5.78 crore, contributing to the improved bottom line.
Management Commentary & Strategic Outlook
Managing Director Anil Chadha stated, “This quarter marks a significant milestone for ITC Hotels as we establish our independent identity post-demerger. The financials reflect operational efficiency and strategic cost management. We remain committed to expanding our luxury and business hotel portfolio in key markets.”Future Growth Strategies
- Expansion Plan:
- Strengthening presence in luxury, business, and boutique hotel segments.
- Increasing footprint through management contracts and owned properties.
- Sustainability Focus:
- Commitment to eco-friendly operations and energy efficiency initiatives.
- Technology Integration:
- Enhancing customer experience with digital booking solutions and AI-driven services.