UFR for the quarter and half year ended 30.09.2025
TAJGVK · price
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Taj GVK Hotels & Resorts reported strong H1 FY26 results with standalone revenue from operations rising 7.9% YoY to Rs. 21,357 lakhs and standalone profit after tax jumping ~85% YoY to Rs. 5,973 lakhs. Consolidated PAT grew ~30% to Rs. 5,353 lakhs, supported by a Rs. 404 lakh share of profit from joint venture Green Woods Palaces (Taj Santacruz, Mumbai). Standalone EBITDA margin expanded sharply, aided by higher room revenue and a Rs. 2,021 lakh dividend received from the JV. The company invested Rs. 433 lakhs in hotel renovations (Taj Deccan, Taj Chandigarh, Taj Club House) and significantly expanded capital work-in-progress from Rs. 11,578 lakhs to Rs. 18,270 lakhs. Net cash from operations remained positive at Rs. 4,685 lakhs standalone, with debt-equity ratio at a low 0.06. Statutory auditor M. Bhaskara Rao & Co issued an unqualified (clean) limited review report on both standalone and consolidated results.
Strong profit growth, margin expansion, low leverage, and healthy cash generation are positive signals for shareholders. The jump in capital work-in-progress signals ongoing capacity expansion, which may pressure near-term cash flows but supports future earnings growth.