BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
The Indian Hotels Co.’s performance improved sequentially on the back cost saving measures, which led to positive Ebitda at the consolidated level.
Revenue per available room performance has improved sequentially due to an improvement in occupancy.
Although Ebitda during Q4 FY21 was above our estimate, we have reduced our Ebitda estimate by 69% for FY22E, due to lower occupancy of 50% (versus 63% earlier) and lesser average room rate growth of 17% (versus 25% earlier) given the current demand scenario on account of the second Covid-19 wave, while maintaining our estimate for FY23E.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.