ITC Hotels Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2025.
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ITC Hotels Limited's Board, on May 15, 2025, approved audited standalone and consolidated financial results for Q4 FY25 and the twelve months ended March 31, 2025. Statutory auditors S.R. Batliboi & Co. LLP issued an unmodified (clean) opinion on both sets of results. Standalone revenue from operations for FY25 stood at ₹3,279.27 Cr versus ₹2,124.24 Cr for the prior period (July 2023 to March 2024, restated), with PAT at ₹698.41 Cr versus ₹403.99 Cr. On a comparable Q4 basis, standalone PAT grew about 44% YoY to ₹264.05 Cr, and consolidated PAT rose about 40% to ₹257.85 Cr. The Board also approved ₹328 Cr capex (funded through internal accruals) to build a ~200-key hotel in Visakhapatnam by 2029, and recommended the appointment of S.N. Ananthasubramanian & Co. as Secretarial Auditor for five years from FY26. The 2nd AGM is scheduled for August 11, 2025.
This is the first full-year audited results release post-demerger and stock exchange listing (January 29, 2025). Strong Q4 PAT growth and a clean audit opinion are positive signals for shareholders. The ₹328 Cr self-funded expansion in Visakhapatnam signals continued capacity addition, which should support future revenue growth but will tie up capital in the near term.