TAJ GVK Investor Presentation
TAJGVK · price
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Taj GVK Hotels & Resorts reported its highest-ever financial performance in FY26 with standalone revenue of Rs 502 Cr, EBITDA of Rs 175 Cr (35% margin, up from 33%), and PAT of Rs 117 Cr (23% margin). The company acquired additional 2.01% stake in Green Woods Palaces & Resorts Pvt Ltd (operator of Taj Santacruz, Mumbai), taking its holding to 51% and gaining control as a subsidiary. The consolidated PAT surged to Rs 411 Cr (including Rs 283 Cr exceptional gain from fair value revaluation). The company is net debt-free on consolidated basis as of March 2026. It operates 6 hotels with 1,245 keys and has a new 256-key Taj Yelahanka project in Bengaluru (Rs 450 Cr cost) expected to open in Q2FY27. The board recommended 100% dividend (Rs 2 per share).
Strong operational performance with margin expansion signals healthy execution. The acquisition of majority stake in Taj Santacruz JV provides more predictable earnings. New Bengaluru hotel and net debt-free status position the company well for growth. Q4 revenue was impacted by West Asia geopolitical situation but domestic demand helped mitigate the impact.