Taj GVK Hotels & Resorts Limited has informed the Exchange regarding 'UFR'.
TAJGVK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.1 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Taj GVK Hotels reported Q3 FY26 (Dec 2025) standalone revenue from operations of Rs. 136.36 crore, up 7.4% YoY from Rs. 126.94 crore. However, Q3 standalone profit after tax fell about 14% YoY to Rs. 29.09 crore (from Rs. 33.89 crore), dragged by a one-time Rs. 4.22 crore charge related to the new Labour Codes included in employee expenses. On a 9-month basis, standalone PAT jumped 34% YoY to Rs. 88.82 crore, with operating margins expanding meaningfully. The board approved acquiring an additional ~2% stake in its JV (Green Woods Palaces & Resorts, which runs Taj Santacruz, Mumbai) for about Rs. 16.09 crore, taking its holding to 51% and converting it into a subsidiary. The statutory auditor issued a clean, unqualified limited review report on both standalone and consolidated results.
Short-term: Q3 PAT dip is largely explained by the one-time Labour Code provision, so the underlying hotel business remains healthy with revenue and 9M earnings growing strongly. Medium-term: Converting the Taj Santacruz JV into a subsidiary will consolidate full hotel earnings into the parent, which is a positive strategic step for shareholders.