Press Release
TAJGVK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Taj GVK reported standalone revenue of Rs.474.09 Cr for FY26, up 5.4% YoY, while consolidated revenue reached Rs.508.45 Cr, up 13.1%, aided by first-time full-year consolidation of subsidiary Green Woods Palaces & Resorts Private Limited (Taj Santacruz, Mumbai). Standalone EBITDA grew 16.4% to Rs.175.31 Cr with margins expanding from 33% to 35%. Standalone PAT rose 23.3% to Rs.116.97 Cr. However, consolidated PAT surged to Rs.388.41 Cr (vs Rs.94.85 Cr), driven by a Rs.282.64 Cr fair value gain on revaluation of the Green Woods investment following the company's acquisition of an additional 2.01% stake for Rs.1,609 lakhs from Greenridge Hotels & Resorts LLP. A new 256-key Taj Yelahanka project in Bengaluru is nearing completion.
Underlying operational performance is strong with EBITDA margin expansion to 35% and solid PAT growth of 23%. However, investors should note the consolidated PAT is heavily inflated by an exceptional non-cash fair value gain; normalised PAT is closer to Rs.106 Cr, representing ~11% organic growth. The upcoming Taj Yelahanka launch adds pipeline visibility.