Latest News | Indian Hotels Q1 Net Profit Up 26.56 Pc to Rs 329 Cr

New Delhi, Jul 17 (PTI) Tata Group-owned Indian Hotels Company Limited (IHCL) on Thursday reported a 26.56 per cent rise in its consolidated net profit to Rs 329.32 crore in the first quarter of FY26.

The country's biggest hospitality player posted a net profit of Rs 260.19 crore in the corresponding period of the previous financial year.

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Its total income from operations stood at Rs 2,102.17 crore during the April-June quarter, against Rs 1,596.27 crore in the year-ago period.

The company's total expenses also increased to Rs 1,662.35 crore, from Rs 1,267.78 crore a year ago, a regulatory filing showed.

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"Q1 FY2026 marks the thirteenth consecutive quarter of record performance. In line with our guidance, the company reported a double-digit growth in consolidated revenue," Puneet Chhatwal, Managing Director and Chief Executive Officer of IHCL, said in a statement.

Revenue from the hotel segment grew by 14 per cent to Rs 1,814 crore, leading to a strong EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) margin of 31.4 per cent, the statement said.

"This performance was enabled by diversification of our top line across same-store hotels, not like-for-like growth and New Businesses consolidated revenue growing by 27 per cent over the previous year. The hospitality sector, despite geopolitical headwinds, continues to show resilience and sustained growth," Chhatwal said.

Further, he said IHCL continued its growth momentum with 12 signings, taking the portfolio to over 390 hotels and opened six new hotels in the quarter under review.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)