Benares Hotels Limited (BHL), a subsidiary of The Indian Hotels Company Limited (IHCL), announced its financial results for the first quarter ending June 30, 2026 (Q1 FY2027).
Financial Performance
Q1 FY2027 Results:
- Revenue: ₹35.2 crore
- EBITDA: ₹13.8 crore
- Profit After Tax: ₹8.2 crore
Q1 FY2026 Comparison:
- Revenue: ₹26.8 crore
- EBITDA: ₹11.8 crore
- Profit After Tax: ₹7.6 crore
Performance Highlights
- Revenue growth of 31% year-over-year
- EBITDA margin of 39%
- PAT growth of approximately 8% year-over-year
Management Commentary
Dr. Anant Narain Singh, Chairman of Benares Hotels Limited, stated that the revenue performance was driven by additional 100 rooms inventory at Taj Ganges. He added that the outlook for the year remains strong due to upcoming seasonal demand for the destination.
Operational Achievements
- Taj Nadesar Palace achieved BSQA Gold certification
- Taj Ganges, Varanasi achieved Green certification
- Taj Ganges hosted the BRICS delegation in June 2026
Company Background
Benares Hotels Limited is a listed public limited company incorporated in 1971. The company operates Taj Ganges and Taj Nadesar Palace in Varanasi, and Ginger in Gondia, Maharashtra. The company became a subsidiary of The Indian Hotels Company Limited (IHCL) in 2011.