INDHOTEL & PAGEIND Shock Dalal Street with Q2 Gains, Stocks Soar

Updated
The Indian Hotels

◉ Key Financial Metrics
● Net Profit: IHCL's consolidated net profit soared by 232% year-on-year to ₹554.6 crore, up from ₹167 crore in the same quarter last year.
● Revenue: The company achieved a revenue increase of 27.4%, reaching ₹1,826 crore, compared to ₹1,433 crore a year ago.
● EBITDA: Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 40% to ₹565 crore, with an EBITDA margin of 29.9%.

◉ Operational Highlights
● IHCL's hotel segment revenue grew by 16%, supported by a strong occupancy rate of 75% in its international portfolio.
● The company signed 42 new hotels, expanding its portfolio to 350 properties globally.

◉ Technical Standings
● The stock has broken through its previous resistance and is nearing the upper boundary of its ascending channel.
● A breakout above this level could fuel further gains.

Page Industries

◉ Key Financial Metrics
● Net Profit: Increased by 30% to ₹195.25 crore, up from ₹150.27 crore in the same quarter last year.
● Revenue: Rose by 11.06% to ₹1,246.27 crore, compared to ₹1,122.11 crore a year ago, supported by a 6.7% increase in sales volume (55.2 million pieces sold).
● EBITDA: Grew by 22.1% to ₹281.5 crore, reflecting improved operational efficiency and stable input costs.

◉ Strategic Outlook
● The company is focused on digital transformation and e-commerce initiatives, maintaining its margin guidance for FY25 at 19-21%, which underscores its commitment to sustained profitability.

◉ Technical Standings
● The stock's uptrend remains intact, with higher highs and lows.
● Recent breakout, accompanied by strong volume, suggests the rally will continue.

Trade active
The Indian Hotels
snapshot
The stock has rallied 12.5% from its breakout level and is likely to sustain its upward trend.
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