Taj GVK Hotels & Resorts Limited has informed the Exchange that Board of Directors at its meeting held on May 28, 2026, recommended Final Dividend of Rs. 2 per equity share.
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Taj GVK Hotels & Resorts reported standalone revenue of Rs. 47,409 lakhs for FY2026, up 5.4% from Rs. 44,968 lakhs in FY2025. However, standalone PAT dropped significantly to Rs. 2,809 lakhs from Rs. 11,606 lakhs in the prior year, a decline of about 76%, due to higher tax expenses. On a consolidated basis, profit surged to Rs. 41,027 lakhs from Rs. 11,719 lakhs, boosted by an exceptional gain of Rs. 28,264 lakhs from fair value revaluation following the acquisition of GreenWoods Palaces & Resorts as a subsidiary (from Feb 10, 2026). The Board recommended a dividend of Rs. 2 per share (100% payout), unchanged from last year. The company maintains a healthy debt-to-equity ratio of 0.09. Auditors issued unmodified opinions on both standalone and consolidated results.
The standalone PAT decline due to tax expenses is a concern for standalone shareholders. However, the consolidated results show strong growth driven by the exceptional item from the Greenwoods acquisition. The consistent dividend payout signals management confidence despite earnings volatility.