Key Financial Figures - Standalone (Rs. lakhs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: 11,290
  • Other Income: 2,441 (includes dividend income of 2,295 from subsidiary)
  • Total Income: 13,731
  • Total Expenses: 8,581
  • Profit Before Tax: 5,150
  • Tax Expense: 1,297
  • Profit After Tax: 3,853
  • Basic EPS: ₹6.14 (Face value ₹2 per share)

Half Year Ended September 30, 2026:

  • Revenue from Operations: 22,214
  • Other Income: 2,459
  • Total Income: 24,673
  • Total Expenses: 16,918
  • Profit Before Tax: 7,755
  • Tax Expense: 2,035
  • Profit After Tax: 5,720
  • Basic EPS: ₹9.12 (Face value ₹2 per share)

Comparative Figures (Quarter Ended):

  • September 30, 2025: Profit After Tax ₹2,351, EPS ₹3.75
  • June 30, 2026: Profit After Tax ₹1,867, EPS ₹2.98

Key Financial Ratios - Standalone

  • Debt Equity Ratio: 0.15 (H1 FY27)
  • Debt Service Coverage Ratio: 7.00 (H1 FY27)
  • Interest Service Coverage Ratio: 37.28 (H1 FY27)

Consolidated Financial Highlights (Rs. lakhs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: 16,681
  • Other Income: 175
  • Total Income: 16,856
  • Total Expenses: 12,509
  • Profit Before Tax: 4,347
  • Tax Expense: 1,692
  • Profit After Tax: 2,655
  • Basic EPS: ₹3.38 (Face value ₹2 per share)

Half Year Ended September 30, 2026:

  • Revenue from Operations: 33,181
  • Other Income: 286
  • Total Income: 33,467
  • Total Expenses: 24,737
  • Profit Before Tax: 8,730
  • Tax Expense: 2,909
  • Profit After Tax: 5,821
  • Basic EPS: ₹7.41 (Face value ₹2 per share)

Significant Developments

1. Dividend Income: During Q2 FY27, the company received dividend income of ₹2,295 lakhs from its subsidiary, Green Woods Palaces and Resorts Private Limited, which is included in Other income.

2. Name Change: Consequent to approval from members in the Annual General Meeting held on September 9, 2026, the company received a revised certificate of incorporation from the Ministry of Corporate Affairs approving the change of name from "TAJ GVK Hotels & Resorts Limited" to "KRISHNA GVK Luxury Hotels Limited" with effect from October 30, 2026.

3. Subsidiary Status Change: Green Woods Palaces and Resorts Private Limited became a subsidiary of the company with effect from February 10, 2026. Prior to this date, it was accounted for as a jointly controlled entity using the equity method.

4. Exceptional Item: The consolidated results for year ended March 31, 2026, include an exceptional gain of ₹28,264 lakhs on remeasurement of the previously held equity interest in Greenwoods at fair value on the acquisition date.

Related Party Transactions (Half Year Ended September 30, 2026)

Transactions (Rs. in lakhs):

  • Salaries to KMPs: Shalini Bhupal (₹369.40), Krishna R Bhupal (₹323.88), J. Srinivasa Murthy (₹52.75)
  • Sitting fees to Non-Executive/Independent Directors: ₹18.40
  • Income from sale of rooms and F&B: GVK Industries (₹0.89), GVK Jaipur Expressway (₹0.58), EMRI Green Health (₹2.86), GVK Power & Infrastructure (₹0.61), GVK Developmental Projects (₹0.17)
  • Shop Rentals: Shriya Som Fashions (₹15.00)
  • Manpower & Services: Kairos Securities (₹172.59 for security services), Pinakini Share & Stock Brokers (₹0.32 for share broking services)
  • CSR Expenses: EMRI Green Health (₹262.50)
  • Donations: GVK Foundation (₹316.00)

Outstanding Balances (as of September 30, 2026):

  • Investment in Green Woods Palaces equity shares: ₹12,634.10 lakhs
  • Payable to Green Woods Palaces: ₹2.19 lakhs
  • Payable to Kairos Securities: ₹5.96 lakhs
  • Receivables from various GVK group entities for sale of rooms and F&B: ranging from ₹0.35 to ₹1.83 lakhs

Capital Structure

Paid-up Equity Share Capital remains unchanged at ₹1,254 lakhs (Face value ₹2 per share).

Availability of Results

The results are available on the Bombay Stock Exchange website (www.bseindia.com), National Stock Exchange website (www.nseindia.com), and the company's website (www.tajgvk.in).