Please find enclosed the Financial Results and Auditors Report and Dividend approved by the Board of Directors at their meeting held on May 11, 2026
INDHOTEL · price
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Indian Hotels Company (IHCL) reported strong FY2026 results with standalone revenue from operations at ₹537,955 lakhs (up ~9.4% YoY) and consolidated revenue at ₹968,922 lakhs (up ~16.2% YoY). Standalone PAT grew 42.4% to ₹201,194 lakhs while consolidated PAT rose 10.3% to ₹224,725 lakhs. The Board recommended a dividend of ₹3.25 per share (up 44% from ₹2.25). Key exceptional items in Q4 include a ₹55,012 lakh profit from sale of the TajGVK joint venture stake and a ₹4,351 lakh impact from new Labour Codes. The company completed two acquisitions in H2 — 51% stakes in ANK Hotels and Pride Hospitality (₹19,047 lakh) and Sparsh Infratech (₹23,221 lakh) which owns the Atmantan wellness resort. Auditors issued an unmodified clean opinion with no concerns.
Strong bottom-line growth driven by asset divestment gains and organic performance; the increased dividend signals management confidence. The TajGVK exit removes a joint venture but preserves hotel operating agreements. Shareholders should note non-recurring exceptional items inflate PAT.