The Indian Hotels Company Limited (IHCL) has announced its Un-audited (Reviewed) financial results for the quarter and nine months ended December 31, 2025. Standalone revenue from operations reached ₹16,138.40 lakhs for the quarter, up from ₹10,604.90 lakhs in the previous quarter. The Consolidated Profit After Tax for the quarter stood at ₹9,343.20 lakhs. The results reflect major activities including the acquisition of two step-down subsidiaries and the divestment of a joint venture stake.
Financial Highlights for Q3 FY2026
THE INDIAN HOTELS COMPANY LIMITED (IHCL) released its reviewed financial performance for the third quarter and the nine months ending December 31, 2025. The results were approved by the Board of Directors on February 12, 2026.
Standalone Performance (₹ Lakhs)
The standalone performance showed strong sequential growth:
- Total Income for the quarter ended 31.12.2025 was ₹1,65,422 Lakhs, compared to ₹1,16,586 Lakhs in Q2 FY2026.
- Profit Before Tax (PBT) for the quarter reached ₹1,13,685 Lakhs.
- Profit After Tax (PAT) for the quarter was ₹92,060 Lakhs.
- Basic and Diluted Earnings Per Share (EPS) for the quarter were ₹6.47 (not annualised).
Consolidated Performance (₹ Lakhs)
Consolidated results demonstrate growth across operations:
- Total Revenue from Operations reached ₹2,84,196 Lakhs for the quarter, against ₹2,04,089 Lakhs in the previous quarter.
- Profit Before Tax (PBT) for the quarter stood at ₹1,20,346 Lakhs.
- Profit After Tax attributable to Owners of the Company for the quarter was ₹90,323 Lakhs.
- Total Comprehensive Income for the quarter reached ₹1,06,958 Lakhs.
- Basic and Diluted EPS for the quarter were ₹6.35 (not annualised).
Key Corporate Activities and Exceptional Items
The period under review included several significant, non-recurring transactions:
Standalone Exceptional Items
Standalone exceptional items totalled ₹43,346 Lakhs for the quarter, primarily driven by the Profit on sale of entire equity stake in a joint venture company amounting to ₹55,012 Lakhs (Refer Note 6). The company also recognized provisions for key money and contingencies.
Consolidated Exceptional Items
Consolidated exceptional items for the quarter amounted to ₹27,551 Lakhs. This significant item was largely due to the Profit on sale of entire equity stake in a joint venture company (₹39,883 Lakhs). Conversely, the quarter also included the negative impact related to the Impact on account of New Labour Codes of ₹5,017 Lakhs.
Acquisitions and Divestments
Significant changes occurred in the Group structure:
- Acquisitions: On December 1, 2025, the Group, through its subsidiary Roots Corporation Limited (RCL), acquired 51% stakes in ANK Hotels Private Limited (ANK) and Pride Hospitality Private Limited (Pride) for a total cash consideration of ₹19,047 Lakhs. This resulted in goodwill recognition of ₹22,063 Lakhs in the consolidated results.
- Divestment: During the quarter, the Group sold its entire 25.52% stake in Taj GVK Hotels & Resorts Limited (TajGVK), a Joint Venture, for ₹370 per share. This transaction was executed on December 19, 2025.
Segment Performance Overview (Consolidated)
The consolidated segment results show:
- Hotel Services remained the primary contributor, reporting a segment result of ₹1,64,751 Lakhs for the nine months ended 31.12.2025.
- Air and Institutional Catering reported segment results of ₹17,297 Lakhs for the same nine-month period.
Segment Assets for Hotel Services stood at ₹18,21,021 Lakhs as of December 31, 2025.
Notes on Accounting Changes
The company specifically addressed the financial impact arising from the Government of India notifying the four new Labour Codes in November 2025. The incremental impact, mainly related to gratuity due to changes in wage definition, has been presented under Exceptional Items due to its regulatory-driven and non-recurring nature.
Source: BSE
