Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY26)

Nature of Filing / Announcement: Outcome of Board Meeting - Approval of Unaudited (Reviewed) Standalone and Consolidated Financial Results

Date of Board Meeting / Approval: October 21, 2026 (Meeting convened from 2:00 PM to 4:08 PM IST)

Audit Opinion: Clean (Limited Review Report - Nothing has come to our attention that causes us to believe that the Statement contains any material misstatement)

Auditor's Comment: No qualifications or modifications. Review conducted in accordance with SRE 2410.

Key Financial Highlights [₹ lakhs]

Standalone Results:

Revenue from Operations:

  • Q2 FY26: ₹133,613 (26% YoY increase from ₹106,049 in Q2 FY25)
  • Q1 FY26: ₹123,200
  • H1 FY26: ₹256,813 (22% YoY increase from ₹210,508 in H1 FY25)

Total Income:

  • Q2 FY26: ₹144,131
  • H1 FY26: ₹273,891

EBITDA: Not explicitly disclosed

Net Profit:

  • Q2 FY26: ₹39,264 (36% YoY increase from ₹28,912 in Q2 FY25)
  • Q1 FY26: ₹33,718
  • H1 FY26: ₹72,982 (37% YoY increase from ₹53,370 in H1 FY25)

EPS (Face value ₹1 each, not annualized):

  • Q2 FY26: ₹2.76
  • Q1 FY26: ₹2.37
  • H1 FY26: ₹5.13

Other Equity:

  • As of September 30, 2026: ₹1,310,936 lakhs
  • As of March 31, 2026: ₹1,262,461 lakhs

Cash and Cash Equivalents:

  • As of September 30, 2026: ₹6,622 lakhs
  • As of March 31, 2026: ₹8,033 lakhs

Debt: Not explicitly broken down in standalone results

Consolidated Results:

Revenue from Operations:

  • Q2 FY26: ₹248,432 (22% YoY increase from ₹204,089 in Q2 FY25)
  • Q1 FY26: ₹233,919
  • H1 FY26: ₹482,351 (18% YoY increase from ₹408,197 in H1 FY25)

Total Income:

  • Q2 FY26: ₹256,617
  • H1 FY26: ₹498,554

EBITDA: Not explicitly disclosed

Net Profit (attribution):

  • Q2 FY26: ₹37,985 (attributable to owners: ₹34,949; non-controlling interests: ₹3,036)
  • Q1 FY26: ₹39,081 (attributable to owners: ₹35,790; non-controlling interests: ₹3,291)
  • H1 FY26: ₹77,066 (attributable to owners: ₹70,739; non-controlling interests: ₹6,327)

EPS (Face value ₹1 each, not annualized):

  • Q2 FY26: ₹2.46
  • Q1 FY26: ₹2.51
  • H1 FY26: ₹4.97

Other Equity (including non-controlling interests):

  • As of September 30, 2026: ₹1,576,272 lakhs
  • As of March 31, 2026: ₹1,493,932 lakhs

Cash and Cash Equivalents:

  • As of September 30, 2026: ₹29,541 lakhs
  • As of March 31, 2026: ₹40,633 lakhs

Debt:

  • Non-current borrowings: ₹4,351 lakhs (Sep 2026) vs ₹4,660 lakhs (Mar 2026)
  • Current borrowings: ₹7,221 lakhs (Sep 2026) vs ₹468 lakhs (Mar 2026)

Segment-wise Performance [₹ lakhs]

Hotel Services Segment:

  • Q2 FY26 Revenue: ₹220,315
  • Q2 FY26 Segment Result: ₹51,570
  • H1 FY26 Revenue: ₹424,812
  • H1 FY26 Segment Result: ₹100,374

Air and Institutional Catering Segment:

  • Q2 FY26 Revenue: ₹28,303
  • Q2 FY26 Segment Result: ₹3,306
  • H1 FY26 Revenue: ₹57,927
  • H1 FY26 Segment Result: ₹7,835

Corporate Actions:

Dividend: Not declared in this announcement

Share split/Bonus/Buyback: Not announced

Capital raising: Not announced

Other Significant Information:

Acquisitions:

  • On April 21, 2026, the company completed acquisition of 51% equity stake in Brij Hospitality Private Limited for aggregate consideration of ₹22,182 lakhs (including contingent consideration of ₹2,862 lakhs)
  • Acquisition involved purchase from existing shareholders and primary investment through CCPS and partly paid-up equity shares
  • Provisional goodwill of ₹19,276 lakhs recognized

Merger Activity:

  • Board approved Scheme of Arrangement for amalgamation of Oriental Hotels Limited into Indian Hotels on August 24, 2026
  • Subject to NCLT approval, shareholder/creditor approvals, and regulatory approvals

Exceptional Items (Standalone):

  • Q2 FY26: ₹(900) lakhs (Provision for impairment in subsidiary: ₹499 lakhs; Expenses relating to proposed merger of associate: ₹401 lakhs)
  • FY26: ₹42,187 lakhs (including profit on sale of joint venture stake: ₹55,012 lakhs)

Exceptional Items (Consolidated):

  • Q2 FY26: ₹(401) lakhs (Expenses relating to proposed merger of associate company)
  • FY26: ₹27,551 lakhs (including profit on sale of joint venture stake: ₹39,883 lakhs)

Entities in Consolidation: Includes 48 entities (subsidiaries, associates, joint ventures) as listed in Annexure I