Standalone Financial Performance (Q1 FY27)

  • Total Income: ₹859.76 crore (compared to ₹658.00 crore in Q1 FY26)
  • Revenue from Operations: ₹801.56 crore
  • Other Income: ₹58.20 crore
  • Total Expenses: ₹488.28 crore
  • Consumption of provisions, wines and others: ₹65.03 crore
  • Employee benefits expense: ₹148.73 crore
  • Finance costs: ₹3.69 crore
  • Depreciation and amortization expense: ₹33.74 crore
  • Other expenses: ₹237.09 crore
  • Profit Before Exceptional Items and Tax: ₹300.66 crore (compared to ₹169.72 crore in Q1 FY26)
  • Exceptional Items: Nil (compared to loss of ₹110.32 crore in Q1 FY26)
  • Profit Before Tax: ₹300.66 crore
  • Tax Expense: ₹100.49 crore
  • Current tax: ₹85.93 crore
  • Deferred tax: ₹14.56 crore
  • Profit for the Period: ₹200.17 crore (compared to ₹127.09 crore in Q1 FY26)
  • Other Comprehensive Income: ₹0.71 crore (net of tax)
  • Total Comprehensive Income: ₹200.88 crore
  • Earnings Per Share (Face Value ₹2):
  • Basic: ₹3.20
  • Diluted: ₹3.20

Consolidated Financial Performance (Q1 FY27)

  • Total Income: ₹953.95 crore (compared to ₹609.06 crore in Q1 FY26)
  • Revenue from Operations: ₹895.22 crore
  • Other Income: ₹58.73 crore
  • Total Expenses: ₹605.33 crore
  • Consumption of provisions, wines and others: ₹75.99 crore
  • Employee benefits expense: ₹166.49 crore
  • Finance costs: ₹6.12 crore
  • Depreciation and amortization expense: ₹37.94 crore
  • Other expenses: ₹318.79 crore
  • Profit Before Exceptional Items, Share of Associates/JV and Tax: ₹348.62 crore
  • Share of Net Profit of Associates and Joint Ventures: ₹19.72 crore
  • Profit Before Exceptional Items and Tax: ₹368.34 crore
  • Exceptional Items: Nil (compared to loss of ₹110.49 crore in Q1 FY26)
  • Profit Before Tax: ₹368.34 crore
  • Tax Expense: ₹119.24 crore
  • Current tax: ₹98.02 crore
  • Deferred tax: ₹21.22 crore
  • Profit for the Period: ₹249.10 crore (compared to ₹36.88 crore in Q1 FY26)
  • Other Comprehensive Income: ₹42.92 crore (net of tax)
  • Total Comprehensive Income: ₹292.02 crore
  • Profit Attributable to:
  • Owners of EIH Limited: ₹237.62 crore
  • Non-controlling interests: ₹11.48 crore
  • Earnings Per Share (Face Value ₹2):
  • Basic: ₹3.80
  • Diluted: ₹3.80

Dividend Declaration

The Board of Directors in its meeting dated 26th May 2026 proposed a final dividend of ₹1.50 per share for FY 2025-26, subject to approval of members at the ensuing Annual General Meeting. The dividend is in accordance with Section 123 of the Companies Act 2013.

Mashobra Resort Limited (MRL) Matter

Mashobra Resort Limited, a subsidiary until 31st March 2025, was involved in a long-standing dispute regarding the Wildflower Hall property. Pursuant to Supreme Court order dated 20th February 2024, vacant possession was handed over to the Government of Himachal Pradesh on 31st March 2025.

Key financial impacts previously recorded:

  • Q1 FY26: Exceptional loss of ₹110.32 crore due to High Court order dated 2nd June 2025
  • FY26: Additional exceptional gain of ₹8.41 crore due to High Court order dated 14th October 2025
  • Shares transferred to the State during FY26 upon receipt of compensation
  • Proceedings closed as per High Court order dated 5th January 2026

Labour Codes Impact

On 21st November 2025, the Government of India notified four Labour Codes. The Company/Group assessed the financial implications and recognized:

  • Standalone: Incremental obligation of ₹29.09 crore (recorded as exceptional item in FY26)
  • Consolidated: Incremental obligation of ₹30.00 crore (recorded as exceptional item in FY26)

The impact arose from increased employee benefit liabilities due to past service and was considered non-recurring.

Subsidiary Update - Svara Hotels Limited

Svara Hotels Limited (formerly Mumtaz Hotels Limited) recognized:

  • Impairment loss of ₹0.43 crore on capital work in progress for Tirupati hotel project
  • Net gain of ₹0.26 crore on derecognition of Right-of-Use asset and lease liability

These were presented under exceptional items in FY26.

Audit Review

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. Deloitte Haskins & Sells LLP carried out a limited review of the results and issued an unmodified review conclusion.

The consolidated results include entities whose interim financial information reflects:

  • Six subsidiaries not reviewed by the auditor: Total revenues ₹35.57 crore, net profit ₹1.98 crore
  • One joint venture and one associate not reviewed: Share of loss after tax ₹4.95 crore
  • One subsidiary and one associate based on management-certified information: Not material to the Group

Seasonal Nature Disclaimer

The Financial Results for the first quarter are not indicative of a full year's performance due to the seasonal nature of the Indian Hotel Industry.