INDHOTELNSEThe Indian Hotels Company Limited· HotelsHighNeutral
Announced Thu, 12 Feb · 16:45 IST

The Indian Hotels Company Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.

Exceptional ItemPat Growth 25pctResults View source PDF

INDHOTEL · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Indian Hotels Company (IHCL, parent of Taj Hotels) reported Q3 FY26 standalone revenue from operations of Rs 1,613.84 crore, up about 9.5% year-on-year, with standalone PAT jumping to Rs 920.60 crore from Rs 468.77 crore, largely driven by an exceptional gain of Rs 433.46 crore from selling its entire 25.52% stake in joint venture Taj GVK Hotels at Rs 370 per share. On a consolidated basis, revenue from operations rose to Rs 2,841.96 crore in Q3 (up ~12% YoY) and to Rs 6,923.93 crore for 9M FY26 (up ~17% YoY), while consolidated PAT grew ~51% YoY in the quarter to Rs 954.24 crore. The company also expanded its portfolio by acquiring 51% stakes in ANK Hotels and Pride Hospitality through subsidiary Roots Corporation for Rs 190.47 crore, and booked a Rs 43-50 crore exceptional hit from new Labour Code gratuity provisions. The auditor (BSR & Co LLP) issued an unmodified limited review report on both standalone and consolidated results.

Likely market impact

Strong headline profit growth is meaningfully flattered by the one-time Taj GVK divestment gain, so underlying operating performance shows single-digit to low-teens revenue growth; shareholders should watch for sustainable margin expansion and integration benefits from the new ANK and Pride acquisitions.