Indian Hotels announced it will report its Q2 results on November 7.

What Happened: Indian Hotels in a regulatory filing said its board of directors will meet on November 7 to consider and approve the results for the September quarter.

Analysts expect the hotel firm to post a 42% growth in net profit to ₹255.92 crore compared to ₹179 crore in the previous year. The Tata Group company’s operational revenue is expected to come at ₹1,702 crore. In the September quarter of the previous year, Indian Hotels posted ₹1,433 crore.

The company’s EBITDA is expected to reach ₹468.68 crore from ₹355 crore in the previous year.

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Motilal Oswal said the performance of international subsidiaries and new businesses will be key monitorable for the company. The revenue growth of the group ex-TajSATS is pegged at 14% in the quarter with an EBITDA margin of 27.7%, Motilal Oswal added.

Kotak Institutional Equities said the earnings would be powered by 7% growth in standalone average room rate and higher occupancy on a sequential basis.

Price Action: Shares of Indian Hotels were down 1.04% to ₹677.65 on Thursday.

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