Maintaining a strong performance, IHCL recorded a significant increase of 85% in revenue at Rs. 1134 crore in Q3 FY 2021-22 as compared to Q3 FY 2020-21. Highlighting the company’s objective of being a zero-debt company in the long term, Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “The momentum of quarter-on-quarter growth has continued in the third quarter led by the upswing in domestic demand and recovery in international markets. IHCL reported a Profit After Tax of Rs. 76 crore in Q3 for the first time in this fiscal. With an EBITDA Margin of 30.4% in Q3, the company’s performance is closely reflective of pre-COVID levels. We will continue to strengthen our portfolio and grow the new businesses while maintaining our asset light strategy.”
