logo
ITC Hotels spurts after Q1 PAT rises over 53% YoY in Q1 FY26

ITC Hotels spurts after Q1 PAT rises over 53% YoY in Q1 FY26

ITC Hotels surged 4.40% to Rs 238.30 after the company reported 53.4% increase in consolidated net profit to Rs 133.10 crore on a 15.5% rise in revenue from operations to Rs 815.54 crore in Q1 FY26 as compared with Q1 FY25.
On the segmental front, revenue from Hotels division was Rs 800.57 crore (up 16% YoY) and Other revenue was Rs 10.06 crore (up 10.3 % YoY) in the June25 quarter.
Total expenses for the period under review aggregated to Rs 674.97 crore, up 13.2% YoY.
Profit before tax in Q1 FY26 stood at Rs 188.80 crore, up by 53.6% from Rs 122.96 crore in Q1 FY25.
ITC Hotels operates over 140 hotels in more than 90 destinations. The group operates under six brands: ITC Hotels and Mementos in the luxury segment, Storii in the boutique premium segment, Welcomhotel in the upper upscale category, Fortune in the midscale segment, and WelcomHeritage in the heritage leisure space. A pioneer in green hoteliering, all owned ITC Hotels and Welcomhotels are LEED (Leadership in Energy and Environmental Design) Platinum certified.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mumbai To Ahmedabad In 2 Hours: Indias First Bullet Train To Start Soon; Check Expected Speed
Mumbai To Ahmedabad In 2 Hours: Indias First Bullet Train To Start Soon; Check Expected Speed

India.com

time4 minutes ago

  • India.com

Mumbai To Ahmedabad In 2 Hours: Indias First Bullet Train To Start Soon; Check Expected Speed

India's First Bullet Train: Railway Minister Ashwini Vaishnaw on Sunday announced that India's first bullet train between Mumbai and Ahmedabad will begin operations very soon, reducing travel time between the two cities to just 2 hours and 7 minutes. He was speaking to reporters at the Bhavnagar terminus in Gujarat after virtually flagging off three trains, namely the Ayodhya Express, Rewa Pune Express, and Jabalpur Raipur Express. He further stated that the bullet train project is progressing rapidly. 508-Kilometre Rail Corridor The 508-kilometre high-speed rail corridor will connect Mumbai's Bandra Kurla Complex (BKC) with key cities in Gujarat, including Vapi, Surat, Vadodara, and Ahmedabad. The trains are expected to run at speeds of up to 320 km/h. Vaishnaw also outlined several upcoming railway projects in Gujarat, including a new Porbandar–Rajkot train, a Rs 135-crore coach maintenance facility at Ranavav station, a railway flyover in Porbandar, two Gati Shakti cargo terminals, and a container terminal at a developing port in Bhavnagar. He highlighted the nation's progress, saying that during the last 11 years, 34,000 km of new railway tracks have been installed under the PM Narendra Modi administration, averaging almost 12 km per day. He described the 1,300 railway stations undergoing renovation as an unprecedented endeavour in the history of Indian Railways. PM Modi's Vision Ashwini Vaishnaw pointed out that India is implementing this change while maintaining train operations and keeping stations operational, which reflects the scope of PM Modi's vision, in contrast to developed nations, where station redevelopment entails completely stopping services. Adding further, he cited the introduction of contemporary trains such as the Vande Bharat Express, the Amrit Bharat Express, and the Namo Bharat Express. Eight Amrit Bharat trains with high-class amenities and reasonably priced tickets have been introduced thus far. According to the minister, passengers have responded favorably to these new trains, which were constructed using cutting-edge technology. With the help of double-engine governments in Madhya Pradesh and Chhattisgarh, significant railway projects are also progressing in those states, in addition to Gujarat, the minister highlighted. (With IANS Inputs)

Metro corridor expansion gains pace in Hyderabad's Old City, pillar marking begins: Official
Metro corridor expansion gains pace in Hyderabad's Old City, pillar marking begins: Official

Economic Times

time4 minutes ago

  • Economic Times

Metro corridor expansion gains pace in Hyderabad's Old City, pillar marking begins: Official

he proposed metro rail corridor between MGBS and Chandrayangutta in the Old City here has gained momentum, with pillar marking underway and road-widening activities progressing steadily, Hyderabad Airport Metro Limited managing director N V S Reddy said on added that the metro alignment has been carefully planned to optimise the route while minimising the number of affected properties."Daily review meetings are being held with engineering and revenue officials to closely monitor progress," Reddy said in a noted that the initial estimate of 1,100 affected properties was reduced to around 900 through engineering redesign and realignment efforts. So far, awards have been issued for 412 properties, and demolition has been completed for 380 of amounting to Rs 360 crore has already been disbursed to affected property owners. A detailed action plan has been prepared to expedite the acquisition of the remaining properties and complete demolitions swiftly, he the construction front, Reddy said preparatory work for the metro project has commenced. Locations for the metro pillars-spaced roughly 25 metres (about 82 feet) apart-have been identified, and ground marking is in progress.A geotechnical agency has been engaged to carry out soil bearing capacity tests for the stations and viaduct pillars. A Differential Global Positioning System (DGPS) survey has also been completed to finalise pillar and station locations while avoiding disturbance to historical or sensitive Benchmark (TBM) points have been established to aid survey and construction during the execution further stated that arrangements are being made to shift underground sewerage, water pipelines, stormwater drains, and overhead power lines in areas where pillars and stations will come up. In line with Telangana Chief Minister A Revanth Reddy's directives, all overhead electricity lines along the corridor will be converted to underground cabling, he added.

IOB disburses Rs 202.65 crore in loans to SHGs, farmers at outreach programme in TN''s Thanjavur
IOB disburses Rs 202.65 crore in loans to SHGs, farmers at outreach programme in TN''s Thanjavur

Hans India

time34 minutes ago

  • Hans India

IOB disburses Rs 202.65 crore in loans to SHGs, farmers at outreach programme in TN''s Thanjavur

Indian Overseas Bank said it disbursed loans worth Rs 202.65 crore to 2,634 beneficiaries during a mega Self-Help Group and agriculture outreach programme held in Thanjavur. Participants included members of various SHGs from Tiruchirappalli, Nagapattinam, Dindigul, Madurai, and Thanjavur districts, as well as farmers and representatives of NGOs. The event was held on Saturday, a statement said. Commenting on the initiative, IOB managing director and CEO Ajay Kumar Srivastava said, "Our support to Self-Help Groups goes beyond credit—we are committed to offering financial literacy, skill training, digital inclusion, and long-term handholding." "This programme reflects our commitment to inclusive growth, women's empowerment, and agricultural transformation," he added. The outreach event also provided beneficiaries with an opportunity to interact with bank officials, clarify doubts, and explore potential growth opportunities, it further said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store