TAJ GVK FY26 Annual Report: Record revenue Rs 502.53 Cr, PAT up 23%
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TAJ GVK Hotels filed its FY25-26 Annual Report. Standalone revenue hit a record Rs 502.53 Cr, EBITDA Rs 175.31 Cr, and PAT rose 23% to Rs 116.97 Cr. Consolidated PAT surged to Rs 410.26 Cr from Rs 117.19 Cr. Key change: IHCL sold its 25.52% stake to promoter GVK group, ending the joint venture started in 1999; IHCL continues to operate hotels under new management agreements. Company bought 2.01% more in subsidiary Green Woods (Taj Santacruz). Board proposes renaming to Krishna GVK Luxury Hotels Limited. Dividend of Rs 2 per share declared. RevPAR grew 26%. 31st AGM on 9 September 2026 via video conferencing.
Record results with 23% PAT growth show strong hospitality demand. IHCL stake sale and proposed name change mark a strategic restructuring by promoter GVK group.