The Indian Hotels Company Limited is a holding company. The Company is engaged in short-term accommodation activities, and restaurants and mobile food service activities.
2. Introduction
Presence in the World
Leadership Team
Business Performance
Balance Sheet
Statement of Profit & Loss
Statement of Cash Flows
Ratio Analysis
IHCL Market capitalization
Dividend Distribution
Share Prices in last One Year
Awards won by IHCL
CSR Policy of IHCL
List of Subsidiary companies
Auditor’s Report
Future Goals of the Company
Index
3. • The Indian Hotels Company Limited is a holding company. The Company is engaged in short-term
accommodation activities, and restaurants and mobile food service activities.
• The Company is primarily engaged in the business of owning, operating and managing hotels,
palaces and resorts. The Company's segments include Hoteliering and Others, which consists of air
catering and investing activities.
• Its area of business includes Taj, Taj Safaris, Vivanta by Taj, The Gateway Hotel, Ginger, and Taj
Trade and Transport. Its other areas of business include Taj Air.
• Listed on National Stock Exchange (NSE) with ticker symbol as “INDHOTEL”.
• The Indian Hotels Company Limited was founded in 1899 and is based in Mumbai, India.
Introduction
9. • 3.2 billion liters of water saved through water recycling and rainwater harvesting
• 58,580 tonnes of CO2 emissions avoided by switching to renewable energy
• 5,329 tonnes of waste diverted from landfills through composting
• 79 hotels certified under the EarthCheck certification partnership
• ₹5.27 crores spent on Corporate Social Responsibility (CSR)
Business Performance - Non-Financial
12. Statement of Profit & Loss for the year ended March 31, 2018
Mar-18 Mar-17
INCOME
Revenue From Operations 3,912.68 3,845.62
Other Operating Revenues 190.87 174.95
Total Operating Revenues 4,103.55 4,020.57
Other Income 61.73 54.94
Total Revenue 4,165.28 4,075.51
EXPENSES
Operating And Direct Expenses 1,239.04 1,229.61
Employee Benefit Expenses 1,346.62 1,364.65
Finance Costs 269.04 323.83
Depreciation And Amortisation Expenses 301.2 299.37
Other Expenses 847.54 816.69
Total Expenses 4,003.44 4,034.15
Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax 161.84 41.36
Exceptional Items 22.45 -10.78
Profit/Loss Before Tax 184.29 30.58
Tax Expenses-Continued Operations
Current Tax 138.37 125.76
Less: MAT Credit Entitlement 0 0
Deferred Tax -17.31 -12.02
Tax For Earlier Years 0 0
Total Tax Expenses 121.06 113.74
Profit/Loss After Tax And Before ExtraOrdinary Items 63.23 -83.16
Profit/Loss From Continuing Operations 63.23 -83.16
Profit/Loss For The Period 63.23 -83.16
Minority Interest -2.65 -17.6
Share Of Profit/Loss Of Associates 40.29 37.56
Consolidated Profit/Loss After MI And Associates 100.87 -63.2
20. CSR Policy of IHCL
The Company intends to be a significant contributor to CSR initiatives in India by devising and implementing
social improvement projects for the benefit of underprivileged communities, towns and villages.
Focus Areas:-
• Vocational skill development programs
• Partnerships to preserve & promote indigenous heritage, culture, arts and handicrafts
• Disaster relief and rehabilitation programs
• Income-generation and livelihood enhancement programs
CSR Committee:-
The CSR Committee shall comprise three or more directors of which, at least one will be an independent director.
CSR Budget:-
Presently 2% of the average net profits of the Company for the preceding three financial years
Target Communities & Project Locations:-
Target communities shall include rural, less-privileged, school dropout, differently abled, marginalized youth
and women; indigenous artisans, disaster victims and other such groups associated with focus areas.
21. List of Subsidiary companies
• Vivanta by Taj
• TajAir
• United Hotels Limited
• TIFCO Holdings Limited
• PIEM Hotels Limited
• Taj Safaris Limited
• ELEL Hotels and Investments Limited
• Lands End Properties Private Limited
• Kaveri Retreat & Resorts Ltd
• KTC Hotels Limited
• Taj Trade & Transport Co. Ltd.
• IHOCO B.V.
• Gateway Hotels & Getaway Resorts
Limited
• Samsara Properties Limited
• IHMS Hotels (SA) (Proprietary) Ltd.
• St. James Court Hotels Ltd.
• International Hotel Management Services LLC
• Indi Travels Limited
• Amalgam Foods & Beverages Ltd.
• Taj International Hotels (South Africa) (Pty) Ltd
• Ihms Inc.
• United Overseas Holding Inc.
• Indian Resorts Hotels Ltd.
• Hotel City Inn
• Taj International Hotels Limited
• Roots Corporation Limited
• Apex Hotel Management Services (Australia)
Pty. Ltd.
• Taj International Hotels (H.K.) Ltd.
• TajSATS Air Catering Limited
• Asia Pacific Hotels Ltd.
• Taj Hotels, Resorts and Palaces Ltd.
22. Auditor’s Report
Auditor Firm: - BSR & Co. LLP
Chartered Accountants
Firm Registration Number:
101248W/W-100022
An audit report is a formal document where internal audit formal document where internal audit summarizes its
work on an audit and reports its findings and recommendations based on that work.
In our opinion and to the best of our information and according to the
explanations given to us and based on the consideration of reports of
other auditors on separate financial statements and on the other
financial information of the subsidiaries, associates and joint
ventures, the aforesaid consolidated financial statements give the
information required by the Act in the manner so required and give a
true and fair view in conformity with the accounting principles
generally accepted in India, of the consolidated state of affairs of the
Group, its associates and joint ventures as at March 31, 2018, and
their consolidated profit (including other comprehensive income),
consolidated statement of changes in equity and consolidated cash
flows for the year ended on that date.
23. Future Goals of the Company
• A refreshed brandscape, logo and brand image.
• New B2B hotels such as TajSATS.
• improve its EBIDTA margin from 17% now to 25% by 2022.
• Three ‘R’s - Restructuring, Reengineering And Reimagining the company's
portfolio.
• Ramp up the room inventory by 50% by 2022
• IHCL expects a 3-4% margin improvement from revenue enhancement and
another 3-5% from cost efficiency measures.