Taj GVK Hotels & Resorts Limited has informed the Exchange regarding Outcome of Board Meeting held on August 01, 2025.
TAJGVK · price
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Awaiting price reaction for this filing.
Taj GVK Hotels reported its Q1 FY26 (ended June 30, 2025) results, with standalone revenue from operations rising 14.6% year-on-year to Rs. 10,639 lakhs from Rs. 9,281 lakhs. Standalone profit after tax jumped sharply to Rs. 3,622 lakhs from Rs. 1,271 lakhs in Q1 FY25, helped by a Rs. 2,021 lakh dividend received from its joint venture (Green Woods Palaces & Resorts, which runs Taj Santacruz, Mumbai). Consolidated PAT after JV share was Rs. 4,110 lakhs versus Rs. 1,698 lakhs. Standalone EPS rose to Rs. 5.78 from Rs. 2.03. The board also fixed September 8, 2025 as the record date for the FY25 dividend, with the AGM scheduled for September 12, 2025. Statutory auditor M. Bhaskara Rao & Co. issued an unmodified limited review report.
Very strong quarterly earnings, driven both by revenue growth and a one-time JV dividend boost; shareholders are set to receive the FY25 dividend with record date on September 8, 2025. The results are likely to be viewed positively by the market, though investors should note that a large portion of the profit surge came from the JV dividend rather than core hotel operations.