Good news for Noel Tata as this Tata group company posted net profit of Rs 582 crore, the company is…, its business is…

The company witnessed a jump in revenue, which increased to Rs 1,826.12 crore in the June-September quarter, compared to Rs 1,433.20 crore in the corresponding quarter of the previous financial year.

It came as good news for Noel Tata after Indian Hotels Company Ltd reported a rise in its consolidated net profit to Rs 582.71 crore for the second quarter of 2024-25. The increase reflects the unification of its aviation and institutional catering business segment, TajSATS, with Indian Hotels Company Ltd.

According to regulatory filing, the company had posted a net profit of Rs 178.97 crore in the previous year period. 

The company witnessed a jump in revenue, which increased to Rs 1,826.12 crore in the June-September quarter, compared to Rs 1,433.20 crore in the corresponding quarter of the previous financial year.

Puneet Chhatwal, Managing Director & CEO, IHCL, said, “The second quarter witnessed a strong revival of demand resulting in overall revenue growth of 28 per cent and 16 per cent growth for the hotel segment, marking the best ever Q2 Consolidated EBITDA margin at 29.9 per cent.

“For FY2025, we continue to maintain guidance of double-digit revenue growth led by the sustained growth in new businesses, not like for like growth and healthy same-store performance. This is reflected in a strong 16.5 per cent growth in consolidated hotel segment revenue in October which is set to accelerate in the remaining months of Q3”.