THE INDIAN HOTELS COMPANY LTD.
NSE : INDHOTELBSE : 500850ISIN
CODE : INE053A01029Industry : Hotel, Resort & RestaurantsHouse
: Tata
BSE568.35-9.15 (-1.58 % )
PREV CLOSE (Rs.) 577.50
OPEN PRICE (Rs.) 585.95
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 380334
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE568.95 -8.3 (-1.44 % )
PREV CLOSE(Rs.) 577.25
OPEN PRICE (Rs.) 584.80
BID PRICE (QTY) 568.95 (954 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 6897520
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 25-Apr-2024 | Indian Hotels Company reports 29% rise in Q4 consolidated net profit | <p style="text-align: justify;">The Indian Hotels Company has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The company has reported 23.46% rise in its net profit at Rs 369.08 crore for the quarter under review as compared to Rs 298.94 crore for the same quarter in the previous year. Total income of the company increased by 18.68% at Rs 1383.16 crore for Q4FY24 as compared Rs 1165.43 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported 29.36% rise in its net profit at Rs 438.33 crore for fourth quarter ended March 31, 2024 as compared to Rs 338.84 crore for the same quarter in the previous year. Total income of the company increased by 17.95% at Rs 1951.46 crore for Q4FY24 as compared Rs 1654.54 crore for the corresponding quarter previous year. </p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported 29.88% rise in its net profit at Rs 1094.93 crore as compared to Rs 843.03 crore for the previous year. Total income of the company increased by 20.43% at Rs 4590.11 crore for year under review as compared to Rs 3811.32 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported 26.35% rise in its net profit at Rs 1330.24 crore as compared to Rs 1052.83 crore for the previous year. Total income of the company increased by 16.86% at Rs 6951.67 crore for year under review as compared to Rs 5948.81 crore for year ended March 31, 2023.</p> |
| 25-Apr-2024 | The Indian Hotels company informs about audio recording of conference call | <div>In furtherance to its letter dated April 18, 2024, intimating the schedule of IHCL Global Conference Call held on April 24, 2024 for presenting the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2024, The Indian Hotels company has informed that it enclosed the audio recording of the discussion pursuant to the Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015. The same is also available on the website of the Company at: https://investor.ihcltata.com/files/IHCL_Earnings_call_Recording_Q4_fy24.mp3</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div> |
| 24-Apr-2024 | Indian Hotels Company gains on opening Vivanta hotel in Jamshedpur | <p style="text-align: justify;">The Indian Hotels Company is currently trading at Rs. 612.60, up by 8.40 points or 1.39% from its previous closing of Rs. 604.20 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 611.00 and has touched a high and low of Rs. 615.30 and Rs. 606.65 respectively. So far 20972 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 622.25 on 04-Apr-2024 and a 52 week low of Rs. 335.15 on 25-Apr-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 615.30 and Rs. 579.50 respectively. The current market cap of the company is Rs. 86003.78 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 38.12%, while Institutions and Non-Institutions held 45.26% and 16.63% respectively.</p><p style="text-align: justify;">Indian Hotels Company (IHCL) has opened a Vivanta hotel in Jamshedpur, Jharkhand. Located in the heart of the city, the hotel is a seamless blend of contemporary elegance and local tribal heritage. Vivanta Jamshedpur is strategically situated on Golmuri Road with each of the 95 well-appointed rooms offering picturesque hill views. Guests can indulge in a variety of culinary delights at Mynt, the signature all-day diner, Red Pearl, the Pan-Asian restaurant and poolside grills at The Grill. Wink, the chic bar, serves up exotic cocktails. The wellness facilities include a gymnasium and a rooftop swimming pool for relaxation. The hotel offers over 10,000 sq. ft. of indoor and outdoor banqueting space, ideal for corporate gatherings and social events. With the addition of this hotel, IHCL will have two hotels across Vivanta and Ginger brands in Jharkhand.</p><p style="text-align: justify;">Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, midmarket and value segments of the market.</p><div style="text-align: justify;"><br></div> |
| 24-Apr-2024 | Sharika Enterprises, Adroit Infotech and Vikas Lifecare to see some action today | <p style="text-align: justify;"><b>Sharika Enterprises</b> has received a Turnkey project from U.P. Power Transmission Corporation (UPPTCL) for supply and erection of outdoor equipment of 2No, 145 KV Bay at 400 KV S/S. Domestic order is to be executed at Rasara, Ballia, Uttar Pradesh. Broad Consideration of the said order is Rs 2.95 crore. </p><p style="text-align: justify;"><b>Adroit Infotech</b> has entered into non-binding share purchase agreement with a US based ERP Solutions Company. This step will enable Adroit Infotech to move closer to its strategic objective to build sustainable organization that remains relevant to the agenda of its clients. On Completion of this Acquisition, Adroit will increase its North America presence significantly. This Acquisition will allow Adroit to sell other ERP Solutions (Oracle) along with SAP Solutions. In addition to the said, consolidated revenues on acquisition would increase by 3-4 multiples.</p><p style="text-align: justify;"><b>Vikas Lifecare</b>'s agro business division has received fresh orders for Premium nuts valued at about Rs 11 crore. These orders will be completed within the first quarter of the current fiscal. The Agro Business Division of the Company has set a target to achieve Rs 450 crore during the current fiscal year, as compared to the Rs 360 crore achieved during 2023-24, targeting a 20% growth Year-on-Year.</p><p style="text-align: justify;"><b>Indian Hotels Company</b> (IHCL) has opened a Vivanta hotel in Jamshedpur, Jharkhand. Located in the heart of the city, the hotel is a seamless blend of contemporary elegance and local tribal heritage. Vivanta Jamshedpur is strategically situated on Golmuri Road with each of the 95 well-appointed rooms offering picturesque hill views. Guests can indulge in a variety of culinary delights at Mynt, the signature all-day diner, Red Pearl, the Pan-Asian restaurant and poolside grills at The Grill. Wink, the chic bar, serves up exotic cocktails. The wellness facilities include a gymnasium and a rooftop swimming pool for relaxation. The hotel offers over 10,000 sq. ft. of indoor and outdoor banqueting space, ideal for corporate gatherings and social events.</p><p style="text-align: justify;"><b>Mahindra & Mahindra</b>'s (M&M) subsidiary -- Mahindra Last Mile Mobility (MLMML) has unveiled its latest e-auto, the Treo Plus with a metal body. Listening to customer feedback, MLMML has incorporated a metal body to its highly popular product, the Treo Plus. The Treo Plus metal body is competitively priced at Rs 3.58 lakh, ex-showroom. To bring the new Treo Plus closer to customers, Mahindra along with its finance partners have lined up multiple offers. For example, the loan tenure has now been increased to 60 months, and up to 90% finance as well as low down payment schemes are also being offered.</p><p style="text-align: justify;"><b>Seamec </b>has entered into an Addendum with Zamil Offshore Services Company, Saudi Arabia for extension of Charter Hire of Vessel ‘Seamec Swordfish' for a further period of 30 days with effect from April 24, 2024 for working in Kingdom of Saudi Arabia and UAE as per the Charter Party dated December 4, 2023. The Charter hire for extended period of 30 days is $1.677 million.</p><p style="text-align: justify;"><b>NHPC </b>has signed a Supplementary JV Agreement with JV Partners of National High Power Test laboratory (NHPTL) i.e. NTPC, POWERGRID, DVC, CPRI and NHPTL for sale of partial stake in NHPTL (an unlisted company) on April 23, 2024. The revised equity shareholding of POWERGRID in NHPTL shall be 50%, remaining fifty (50%) percent of equity shall be held equally by the other four Parties (i.e., 12.5% each of NHPC, NTPC, DVC & CPRI). Before signing of SJVA-3, equity holding of each promoter was 20%. Hence, post completion of transactions, NHPTL will cease to be Associate Company of NHPC.</p> |
| 23-Apr-2024 | Indian Hotels Company opens Vivanta hotel in Jamshedpur | <p style="text-align: justify;">Indian Hotels Company (IHCL) has opened a Vivanta hotel in Jamshedpur, Jharkhand. Located in the heart of the city, the hotel is a seamless blend of contemporary elegance and local tribal heritage. Vivanta Jamshedpur is strategically situated on Golmuri Road with each of the 95 well-appointed rooms offering picturesque hill views. Guests can indulge in a variety of culinary delights at Mynt, the signature all-day diner, Red Pearl, the Pan-Asian restaurant and poolside grills at The Grill. Wink, the chic bar, serves up exotic cocktails. The wellness facilities include a gymnasium and a rooftop swimming pool for relaxation. The hotel offers over 10,000 sq. ft. of indoor and outdoor banqueting space, ideal for corporate gatherings and social events.</p><p style="text-align: justify;">With the addition of this hotel, IHCL will have two hotels across Vivanta and Ginger brands in Jharkhand.</p><p style="text-align: justify;">Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, midmarket and value segments of the market.</p><div style="text-align: justify;"><br></div> |
| 16-Apr-2024 | Indian Hotels Company signs Taj Resort in Pushkar | <p style="text-align: justify;">Indian Hotels Company (IHCL) has signed a Taj-branded resort in Pushkar, Rajasthan. With the addition of this hotel, IHCL will have 28 hotels across Taj, SeleQtions, Vivanta and Ginger brands in Rajasthan including 8 under development. The 110-key resort is situated just minutes away from the sacred Pushkar Lake and the Brahma Temple. </p><p style="text-align: justify;">Its offerings include an all-day diner, a specialty restaurant and a chic lounge. Guests can indulge in recreational pursuits at the swimming pool, state-of-the-art gym, and rejuvenating spa facilities. Boasting over 7,500 square feet of opulent ballroom space complemented by flexible meeting areas, the resort stands as an ideal venue for both corporate conferences and social gatherings.</p><p style="text-align: justify;">Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, midmarket and value segments of the market.</p><div style="text-align: justify;"><br></div> |
| 05-Apr-2024 | Indian Hotels Company signs SeleQtions hotel in Kolkata | <p style="text-align: justify;">Indian Hotels Company (IHCL) has signed a resort near Joka on Diamond Harbour Road, in Kolkata. IBIZA - an IHCL SeleQtions, the 130-keys urban resort, nestled in 11 acres of lushly landscaped gardens, is strategically located on the Diamond Harbour road in Kriparampur, a popular tourist destination. The resort will offer an all-day diner, a specialty restaurant, a bar, a sprawling swimming pool, a serene lake and a variety of recreational activities including an indoor and outdoor activities and kids arenas. The versatile banqueting will feature an over 5,400 sq. ft. ball room, conference halls, pre-function areas, meeting rooms and scenic outdoor venues. The resort will open in October 2025.</p><p style="text-align: justify;">With the addition of this resort, IHCL will have seven hotels across Taj, SeleQtions, Vivanta and Ginger brands in Kolkata including two under development.</p><p style="text-align: justify;">Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, midmarket and value segments of the market.</p><div style="text-align: justify;"><br></div> |
| 03-Apr-2024 | Indian Hotels Company signs Taj branded resort in Kerala | <p style="text-align: justify;">Indian Hotels Company (IHCL) has signed a Taj branded resort at Kollam, Kerala. The resort is a Brownfield project. Nestled on a sprawling 13-acre site along the scenic Thirumullavaram Beach, the resort boasts nearly 600 feet of pristine beachfront. It will feature 205 rooms, each with breathtaking views of the Arabian Sea. </p><p style="text-align: justify;">The resort will showcase a wide array of amenities including an all-day diner, a specialty vegetarian restaurant, a chic bar, a rejuvenating spa, an inviting swimming pool, and a fully equipped gym. With over 20,000 sq. ft. of versatile banqueting space and expansive lawns, it serves as the perfect venue for both corporate gatherings and social events. With the addition of this hotel, IHCL will have 20 hotels across Taj, SeleQtions, Vivanta and Ginger brands in Kerala including 6 under development. </p><p style="text-align: justify;">Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, midmarket and value segments of the market.</p><div style="text-align: justify;"><br></div> |
| 03-Apr-2024 | Indian Hotels Company gains on signing Taj branded resort in Kerala | <p style="text-align: justify;">The Indian Hotels Company is currently trading at Rs. 613.90, up by 8.95 points or 1.48% from its previous closing of Rs. 604.95 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 606.55 and has touched a high and low of Rs. 615.00 and Rs. 600.05 respectively. So far 51759 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 615.00 on 03-Apr-2024 and a 52 week low of Rs. 318.30 on 05-Apr-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 615.00 and Rs. 583.00 respectively. The current market cap of the company is Rs. 87384.50 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 38.12%, while Institutions and Non-Institutions held 45.61% and 16.28% respectively.</p><p style="text-align: justify;">Indian Hotels Company (IHCL) has signed a Taj branded resort at Kollam, Kerala. The resort is a Brownfield project. Nestled on a sprawling 13-acre site along the scenic Thirumullavaram Beach, the resort boasts nearly 600 feet of pristine beachfront. It will feature 205 rooms, each with breathtaking views of the Arabian Sea. </p><p style="text-align: justify;">The resort will showcase a wide array of amenities including an all-day diner, a specialty vegetarian restaurant, a chic bar, a rejuvenating spa, an inviting swimming pool, and a fully equipped gym. With over 20,000 sq. ft. of versatile banqueting space and expansive lawns, it serves as the perfect venue for both corporate gatherings and social events. With the addition of this hotel, IHCL will have 20 hotels across Taj, SeleQtions, Vivanta and Ginger brands in Kerala including 6 under development. </p><p style="text-align: justify;">Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, midmarket and value segments of the market.</p> |
| 01-Apr-2024 | Indian Hotels Company reaches portfolio of 300 plus hotels | <p style="text-align: justify;">Indian Hotels Company (IHCL) has accelerated portfolio expansion in FY24 with 52 signings and 34 openings. Pacing ahead of its market guidance under Ahvaan 2025, IHCL achieves a portfolio of 300+ hotels including an industry leading pipeline of 90+ hotels.</p><p style="text-align: justify;">With India's rising affluence and growing appetite for travel, IHCL will tap into emerging segments with newer offerings like upscale full-service hotels.</p><p style="text-align: justify;">Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, midmarket and value segments of the market.</p><div style="text-align: justify;"><br></div> |
