Regulatory Filing and Audit Report Details

Documents: Annual Report for FY 2025-26 and Independent Auditor's Report

Document Dates: 10th July 2026 (Annual Report) and 22nd May 2026 (Audit Report)

Financial Performance Highlights (₹ in Million)

Revenue & Profitability:

  • Total Revenue: ₹4,031.96 million (compared to ₹4,269.36 million in FY 2024-25)
  • Revenue from Operations: ₹3,837.28 million
  • EBITDA: ₹1,383.34 million (compared to ₹1,450.84 million in FY 2024-25)
  • Profit Before Tax: ₹1,170.71 million (compared to ₹1,232.85 million in FY 2024-25)
  • Profit After Tax: ₹871.74 million (compared to ₹918.47 million in FY 2024-25)
  • Total Comprehensive Income: ₹872.41 million

Balance Sheet Position:

  • Total Assets: ₹7,242.32 million
  • Net Worth: ₹6,024.09 million (increased from ₹5,364.96 million in FY 2024-25)
  • Gross Fixed Assets: ₹4,728.17 million
  • Surplus Funds: ₹3,075.42 million
  • Bank Borrowings: Nil (zero debt)

Per Share Data:

  • Net Worth per Equity Share: ₹98.86
  • Earnings per Equity Share: ₹14.31
  • Proposed Final Dividend per Equity Share: ₹3.50 (subject to shareholder approval)

Capital Expenditure and Expansion Projects

Capital Expenditure: ₹605.72 million incurred during FY 2025-26

Expansion Projects:

1. Trident Visakhapatnam: 125-room beachfront hotel under development in partnership with APTDC, expected operational by 2028

2. Trident Jaipur: Comprehensive renovation of 127 rooms underway

3. Trident Udaipur: Addition of 10 luxury tents and new facilities

4. Trident Agra: Development of new banquet facility

Audit Findings and Compliance Matters

Property Title Issues: Several immovable properties with carrying values totaling approximately ₹1.7 billion are not held in the Company's name due to historical amalgamations with Indus Hotels Corporation Limited (2006) and schemes of arrangement with EIH Limited (2006).

Internal Financial Controls: Adequate controls maintained except for one accounting software that did not have audit trail (edit log) facility at the database level throughout the year. The Company preserved audit trail to the extent enabled.

Legal Disputes:

  • Trident Jaipur Lease Dispute: Matter related to withdrawal of lease deed based on order by Revenue Minister of Rajasthan, currently under adjudication before Rajasthan High Court (carrying value: Buildings ₹95.89 million, Right-of-use land ₹64.01 million)
  • Contingent Liabilities: ₹130.64 million in various tax and other matters under litigation

ESG and Sustainability Performance

Environmental:

  • Renewable Energy Consumption: 29,065 GJ
  • Water Consumption: 367,907 KL
  • Waste Recycled: 219.1 MT
  • Target: Net-Zero Emissions by 2050

Social:

  • Female Employees (excluding workers): 25%
  • Training Programmes Conducted: 822
  • CSR Beneficiaries: 651
  • CSR Contribution: ₹19.77 million (fully directed to SOS Children's Villages of India)

Governance:

  • Board comprises 6 Directors (1 Executive, 5 Non-Executive including 3 Independent)
  • 7 Board meetings held during the year with 95% average attendance
  • All Directors and Senior Management affirmed compliance with The Oberoi Dharma code of conduct

Risk Factors and Forward Outlook

New Labour Code Impact: Recognized incremental obligation of ₹32.82 million towards increased employee benefit liabilities relating to past service, treated as Exceptional Item.

Geopolitical Impact: Operation Sindoor in Q1 and West Asia conflicts in Q4 affected global economic environment and travel demand.

The company highlighted India's growing tourism potential, with WTTC projecting India to become the world's 4th largest Travel & Tourism economy within the next decade. Domestic travel remains the primary growth driver with 3-4 billion domestic tourist visits annually.