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ITC Hotels Q1 net profit rises 54% to ₹133 cr post demerger; revenue up 15%
The company had reported a net profit of Rs 86.5 crore in the same period last year. Meanwhile, its revenue from operations grew 15 per cent to Rs 815.5 crore from Rs 706 crore in the corresponding period.
The chain currently operates over 130 hotels, amounting to more than 13,000 keys across the country and in Sri Lanka. The company has focused on management and franchising contracts to add keys to its portfolio, with only 42 per cent of its current inventory owned by the group.
The company has a pipeline of 50 hotels with over 4,500 keys, with a high salience of brownfield assets, aiming to reach a portfolio of 220 operational hotels with over 20,000 keys by 2030.
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