IHCL posts Q2 FY27 consolidated revenue of ₹2,566 Cr, up 21%, PAT up 23%; raises full-year revenue outlook to 15-17%
Q2 FY27 consolidated revenue up 21% to ₹2,566 Cr, PAT up 23% to ₹349 Cr; standalone RevPAR up 28%.
By ScoutQuest · · 1 min read
- Consolidated revenue
- ₹2,566 Cr (up 21%)
- Operating EBITDA
- ₹706 Cr at a 28.4% margin
- PAT
- ₹349 Cr (up 23%)
- Period
- Q2 FY27
- Positioning
- IHCL describes itself as delivering high growth, high margin and high profitability at scale, with a 280-hotel pipeline across brands and midscale leadership through Ginger.
📈 Q2 FY27 consolidated total revenue was ₹2,566 Cr (up 21%), operating EBITDA ₹706 Cr at a 28.4% margin and PAT ₹349 Cr (up 23%). Standalone PAT rose 36% to ₹393 Cr with a 38.9% operating EBITDA margin, while air catering revenue slipped 1% on what the company calls temporary softness in air traffic.
📈 The company positions itself as delivering high growth, high margin and high profitability at scale, citing a 280-hotel pipeline of 34,800+ keys, over 90% of it asset light, and Ginger as the first brand in India with 100 hotels in operation.
🎯 Management states it is upgrading its full-year revenue outlook to 15-17%, expects 50 openings in FY27 and 400 operational hotels in Q3, and says Ginger is on track for 150 branded operational hotels by end of FY27.
🎯 The presentation says the OHL merger (7 hotels, 825 keys; swap ratio 25 IHCL shares for 117 OHL shares) is intended to drive a 6-7% operating revenue and EBITDA increase in FY28 standalone financials; the scheme has been shared with the stock exchanges.
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More numbers
- Consolidated total revenue, Q2 FY27₹ 2,566 Cr
- Consolidated operating revenue, Q2 FY27₹ 2,484 Cr
- Consolidated operating EBITDA, Q2 FY27₹ 706 Cr
- Consolidated operating EBITDA margin, Q2 FY2728.4%
- Consolidated PAT, Q2 FY27₹ 349 Cr
- Standalone PAT, Q2 FY27₹ 393 Cr
- Standalone RevPAR growth, Q2 FY27+28%
- Consolidated PAT, H1 FY27707 (₹ /crores)
- Consolidated revenue from operations, H1 FY274,824 (₹ /crores)
- Ginger consolidated revenue, Q2₹ 193 Cr
- Cash & cash equivalents, September 20264,369 (₹ /crores)
- Total borrowings, September 2026116 (₹ /crores)
- Pipeline hotels280
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