- Indian Hotels reported a net income of 5.22 billion rupees for the fourth quarter, which is a 25% increase from the previous year, but it missed the estimate of 5.53 billion rupees.
- The company’s revenue was 24.3 billion rupees, marking a 27% year-over-year increase and slightly exceeding the estimated revenue of 24.19 billion rupees.
- Total costs for the quarter were 17.6 billion rupees, up by 24% compared to the previous year.
- Other income for Indian Hotels increased by 34% year-over-year, reaching 616.4 million rupees.
- Indian Hotels declared a dividend of 2.25 rupees per share.
- The stock has 15 buy ratings, 6 hold ratings, and 3 sell ratings from analysts.
Indian Hotels on Smartkarma
Analyst coverage on Indian Hotels on Smartkarma by Brian Freitas shows a bullish sentiment. In the research report titled “NIFTY Indices: Flows (Post Capping) At the Close Today; Round-Trip US$2.6bn,” it is highlighted that the March rebalance of the Nifty family of indices is significant, with a round-trip trade of US$2.6bn and 26 stocks, including Indian Hotels, experiencing impact. This rebalance affects indices like Nifty Bank Index, Nifty IT Index, and others, indicating potential market movements.
Furthermore, Brian Freitas provides insight in the report “NIFTY NEXT50 Index Rebalance Preview: 7 Potential Changes in March,” predicting 7 potential changes in the NIFTY NEXT50 Index with a one-way turnover of INR 52bn (US$600m). The research suggests that the index methodology might be altered to include only F&O members, emphasizing the dynamic nature of the market and the importance of monitoring such changes for companies like Indian Hotels.
A look at Indian Hotels Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have given Indian Hotels a positive long-term outlook based on their Smart Scores assessment. With a high Growth score of 5, the company is expected to experience significant expansion in the future. This is supported by strong Resilience and Momentum scores of 4, indicating the company’s ability to weather challenges and maintain positive performance momentum.
Although Indian Hotels received lower scores in Value and Dividend at 2, the overall outlook remains optimistic. As the company operates The Taj Group of hotels, with a focus on Luxury, Business, and Leisure segments, it is well-positioned to tap into various market opportunities and sustain growth over the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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