Key Financial Figures - Standalone (₹ lakhs)

Profit & Loss Statement

Quarter Ended March 31, 2026:

  • Revenue from Operations: ₹15,852
  • Other Income: ₹278
  • Total Revenue: ₹16,130
  • Total Expenses: ₹11,786
  • Profit Before Tax: ₹4,344
  • Tax Expense: ₹1,137
  • Profit After Tax: ₹3,207
  • Earnings Per Share (Basic & Diluted): ₹5.11

Year Ended March 31, 2026:

  • Revenue from Operations: ₹50,845
  • Other Income: ₹857
  • Total Revenue: ₹51,702
  • Total Expenses: ₹37,313
  • Profit Before Exceptional Items and Tax: ₹14,389
  • Exceptional Items: ₹28,264 (Gain on fair value of equity investment due to business combination)
  • Profit Before Tax: ₹42,653
  • Tax Expense: ₹3,812
  • Profit After Tax: ₹38,841
  • Earnings Per Share (Basic & Diluted): ₹65.31

Comparison with Previous Year

Year Ended March 31, 2025:

  • Revenue from Operations: ₹44,968
  • Other Income: ₹1,164
  • Total Revenue: ₹46,132
  • Total Expenses: ₹33,273
  • Profit Before Tax: ₹12,859
  • Tax Expense: ₹3,374
  • Profit After Tax: ₹9,485
  • Earnings Per Share (Basic & Diluted): ₹18.60

Balance Sheet Highlights (as at March 31, 2026)

  • Total Assets: ₹1,77,982 lakhs
  • Equity Share Capital: ₹1,254 lakhs
  • Other Equity: ₹1,01,171 lakhs
  • Total Equity: ₹1,02,425 lakhs
  • Non-current Liabilities: ₹17,371 lakhs
  • Current Liabilities: ₹18,673 lakhs

Cash Flow Statement (Year Ended March 31, 2026)

  • Cash from Operating Activities: ₹17,294 lakhs
  • Cash from Investing Activities: ₹(17,430) lakhs
  • Cash from Financing Activities: ₹(1,702) lakhs
  • Net decrease in cash: ₹(1,838) lakhs

Subsidiary Acquisition

On 10 February 2026, the Company acquired 15,05,100 equity shares (face value ₹10 each) at a premium of ₹96.91 per share from Greenridge Hotels & Resorts LLP in Green Woods Palaces and Resorts Private Limited for an aggregate consideration of ₹16,09,10,241. This increased the Company's shareholding from 48.99% to 51.00%, making Greenwoods a subsidiary. The acquisition resulted in an exceptional gain of ₹28,264 lakhs due to fair value adjustment.

Dividend Recommendation

The Board recommended a dividend of ₹2 per equity share (100%) for FY 2025-26, subject to shareholder approval at the ensuing Annual General Meeting. The subsidiary company (Greenwoods) also recommended a dividend of 60% (₹6 per equity share of ₹10 each) for FY 2025-26.

Hotel Renovations

The Company spent ₹119 lakhs (Q4) and ₹801 lakhs (full year) on renovation of rooms at Taj Deccan, Hyderabad, and public areas at Taj Chandigarh and Taj Club House, Chennai.

Labour Code Impact

The Company provided an additional liability of ₹422 lakhs for Employee Benefits Expenses due to the implementation of four new Labour Codes notified by the Government of India on November 21, 2025.

Related Party Transactions

Key transactions for half year ended 31 March 2026:

  • Salaries to KMP: ₹768.49 lakhs (Shalini Bhupal: ₹387.37 lakhs, Krishna Ram Bhupal: ₹330.60 lakhs, J Srinivasa Murthy: ₹50.52 lakhs)
  • Management fee payable to Indian Hotels Company Limited: ₹669.20 lakhs
  • Various transactions with GVK group companies

Additional Information

  • The figures for Q4 are derived as the difference between audited full year and published unaudited figures up to nine months
  • Previous period figures have been regrouped to conform to amended Schedule III
  • The company operates only in the hospitality sector with no geographical segments
  • Results available on BSE, NSE, and company website