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IHCL Q4FY21 consolidated loss at Rs. 91.30 Cr

Indian Hotels Co. Ltd (IHCL) has reported total income of Rs.626.47 crores during the period ended March 31, 2021 as compared to Rs.614.53 crores during the period ended December 31, 2020. The company reported total income of Rs.1101.02 crores during the period ended March 31, 2020.

The company has posted net loss of Rs. 91.30 crores for the period ended March 31, 2021 as against net loss of Rs. 118.88 crores for the period ended December 31, 2020. The company posted net profit of Rs.74.32 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.(0.77) for the period ended March 31, 2021 as compared to Rs.(1) for the period ended December 31, 2020.

The company has reported total income of Rs.1739.88 crores during the 12 months period ended March 31, 2021 as compared to Rs.4595.56 crores during the 12 months period ended March 31, 2020.

The company has posted net of Rs. 720.11 crores for the 12 months period ended March 31, 2021 as against net loss of Rs.354.42 crores for the 12 months period ended March 31, 2020.

Commenting on the fiscal performance, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “Despite continued pandemic related challenges that have impacted the travel and hospitality sector, IHCL has remained laser focused on executing its R.E.S.E.T 2020 strategy. The company has developed innovative revenue streams to meet evolving customer needs and have followed stringent spend optimization and financial prudence measures. These initiatives helped the company achieve quarter-on-quarter growth and deliver a positive EBITDA in the last two quarters of FY 2020-21. The company will continue to evolve to cater to dynamic market trends, with agility at its core.”

In addition to the company’s efforts to mitigate the business impact, IHCL continues to extend support to the community in its fight against the pandemic. The company has offered over 1400 rooms across its hotels in the country as quarantine facilities to partner hospitals.

Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL, stated, “Our relentless focus on performance, management of operational costs and continuing efforts to strengthen liquidity has helped IHCL survive through this extremely challenging phase, and we will continue our multiple efforts to continue to grow and be profitable.”

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