The Indian Hotels Company Ltd (IHCL), part of the Tata Group, announced on September 4 that it had detected a malware incident impacting select IT systems. The company said immediate measures were taken to contain the situation and safeguard its networks.
IHCL confirmed that relevant authorities have been notified and that monitoring efforts are ongoing. The company stressed that business operations remain unaffected and continue as usual despite the malware detection.
On the same day, shares of Indian Hotels closed at ₹776.90 on the Bombay Stock Exchange, up by ₹2.95 or 0.38 percent.
Financially, Indian Hotels reported a consolidated net profit of ₹296 crore for the quarter ending June 30, compared to ₹248 crore in the same period last year. Revenue from operations rose 31.7 percent to ₹2,041 crore, while EBITDA increased 28.1 percent to ₹576 crore. However, the EBITDA margin dipped slightly to 28.2 percent from 29 percent a year earlier.
During the quarter, IHCL signed 12 new hotels, bringing its portfolio to over 390 properties. Key openings included a Taj property in Alibaug, two SeleQtions resorts in Lakshadweep, and a Ginger hotel in Dehradun. On the international front, the company expanded into South Africa with three luxury wildlife lodges under the Taj brand in Kruger National Park.
“Despite geopolitical headwinds, the hospitality sector continues to show resilience and sustained growth,” Managing Director and CEO Puneet Chhatwal said.
Domestic same-store hotels delivered an 11 percent revPAR growth, maintaining a 60 percent premium over the industry average. Internationally, occupancy improved by 460 basis points to 78 percent, pushing revPAR growth to 13 percent.
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