TajGVK hotels & Resorts standalone net profit post at INR 36.22 cr in Q1FY26
The company's standalone revenue during the quarter stood at INR 128.29 crore as against INR 94.70 crore in the previous quarter ended June, 2024.
Dr. GVK Reddy, Chairman TAJGVK Hotels & Resorts Ltd said, 'TAJGVK has reported its best first quarter performance, led by a 15 per cent growth in operating revenue to INR 106.39 crores. Other Income for the quarter includes INR 20.21 Crores towards the dividend received from Green Woods Palaces and Resorts Private Limited, a joint venture company. The outlook for the coming quarters remains strong given the sustained demand buoyancy in the markets we are present in.'
Greenwoods Palaces & Resorts Private Limited – a JV company, which operates Taj Santacruz, Mumbai, reported an income of INR 54.45 Crore with an EBITDA of INR 20.62 Crore in Q1, FY 2026, the company said in a release.
IHCL's iconic brand Taj is ranked as India's Strongest Brand 2025 and World's Strongest Hotel Brand 2025 as per Brand Finance-UK. TAJGVK has five Taj branded hotels in its portfolio.
UNI KNR GNK
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
an hour ago
- News18
Tesla Set To Open Its Second Showroom In Delhi Tomorrow, Check Location And Other Details
Last Updated: In a post on social media X, the Says, "Arriving in Delhi - stay tuned," along with a graphic that indicated Tesla's presence in the national capital would begin on August 11. US automobile major Tesla has officially announced that it will inaugurate its second showroom in Delhi on August 11, after Mumbai. In a post on social media X, the company wrote, 'Arriving in Delhi – stay tuned," along with a graphic that indicated Tesla's presence in the national capital would begin on August 11. On July 15, the electric vehicle (EV) giant opened its first India showroom at the Maker Maxity Mall in the Bandra Kurla Complex (BKC), Mumbai. Tesla has officially entered the world's third-largest automobile market, India, with the launch of its electric Midsize SUV, the Tesla Model Y, priced from nearly Rs 60 lakhs. Currently, the Model Y will be the only model available in the country. It will be offered in two variants; Rear-Wheel Drive, priced at INR 60 lakhs, and Long Range Rear-Wheel Drive, priced at Rs 68 lakhs. Customers can also opt for Tesla's Full Self-Driving (FSD) package, which adds an additional cost of INR 6 lakhs over the base prices. The Model Y is available in six colour options, of which Stealth Grey is the only one offered at no additional charge. The other colours: Pearl White Multi-Coat, Diamond Black, Ultra Red, Quicksilver, and Glacier Blue, will come at an extra cost. Interior options include white and black themes, and the vehicle will feature a five-seat configuration. As of now, deliveries and registration are available only in Mumbai, Delhi, and Gurugram, as listed on Tesla's official portal. Pricing may vary depending on the state and applicable local taxes. Deliveries of the Tesla Model Y are expected to begin in the third quarter of 2025. On the other hand, the Long Range Rear-Wheel Drive (LR RWD) variant boasts a more substantial range of 622 kilometers. This model achieves 0 to 100 km/h in a quicker 5.6 seconds. Its supercharging capability provides up to 267 kilometers of range within the same 15-minute timeframe. The first row of seats in both Model Y features power recline, heating, and ventilation. The second row further enhances comfort with power two-way folding and heating functions. The vehicle is equipped with eight exterior cameras, including a new front-facing camera, supporting its driver-assistance systems. Connectivity is managed by second-generation hardware. Finally, the trunk offers hands-free power opening upon approach, adding to user convenience. Tesla has launched its first charging facility at Bandra-Kurla Complex (BKC) in Maharashtra's Mumbai, weeks after opening its first showroom in the city. The introduction of the Tesla Model Y in India marks a significant step for the company in the country's evolving electric vehicle landscape, offering a combination of range, performance, and advanced features. view comments First Published: News auto Tesla Set To Open Its Second Showroom In Delhi Tomorrow, Check Location And Other Details Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
an hour ago
- News18
SEBI Scraps Transaction Charges To MF Distributors: What It Means For You
SEBI has removed transaction charges paid by AMCs to mutual fund distributors, effective immediately. The Securities and Exchange Board of India (SEBI) has announced the removal of transaction charges or commissions paid by Asset Management Companies (AMCs) to mutual fund distributors. SEBI had taken the decision after a public consultation and industry-wide feedback. The market regulator clarified that the changes will come into effect immediately. '…SEBI Master Circular for Mutual Funds dated June 27, 2024 (Master Circular) allows AMCs to pay to the distributor transaction charges, subject to a minimum subscription amount of INR 10,000/ – brought in by such distributors," SEBI circular mentioned. 'Based on the feedback received from the industry and considering that distributors as an agents of AMCs are entitled to be remunerated by the AMCs, the charges or commission, as prescribed under the paragraph 10.4.1.b and paragraph 10.5 of Master Circular, shall be done away with." The decision is expected to impact how AMCs structure their distributor incentives, with a possible shift towards more transparent and performance-linked commission models. For individual investors, the decision might lead to marginal cost savings, especially for those investing through distributors. For distributors, however, the change may require adjustments in their revenue models, potentially leading to greater emphasis on advisory services and long-term client relationships. About the Author Varun Yadav tags : sebi First Published: August 10, 2025, 10:08 IST News business » savings-and-investments SEBI Scraps Transaction Charges To MF Distributors: What It Means For You Latest News Uttarkashi Flood Survivors Protest Against Rs 5000 Relief Cheques, Call Amount 'Too Less' India Cricket After Ranji, Why Virat Kohli & Rohit Sharma Might Be Forced To Play Vijay Hazare Agency feeds Russia, Ukraine hold fast to their demands ahead of planned Putin-Trump summit Agency feeds India is certainly crucial in IMEC project: Italys envoy Francesco Talo Agency feeds Diksha Dagar recovers late to finish in top 10 at PIF London golf latest news
United News of India
13 hours ago
- United News of India
Trump Tariff brings down Tata Motors Q1 FY26 net profit by 30 pc to Rs 3,924 crore
Mumbai, Aug 9 (UNI) Tata Motors has officially announced that it has posted a 30 per cent decline in its Q1 FY26 net profit of Rs 3,924 crore from the Rs 5,643 crore net profit reported in the same period last year. Tata Motors stated that its performance was impacted by decline in profitability primarily from its Jaguar Land Rover business, besides volume decline in all businesses. The company stated that US President Donald Trump's tariff impacted revenues from Jaguar Land Rover which declined by more than 9 per cent to £6.6 billion (UK pound sterling). Significantly, the United States is Jaguar Land Rover's most important export market, accounting for nearly a quarter of its sales. Operating profit from Jaguar Land Rover slipped by 49 per cent to 351 million pounds or Rs 4,130 crore in Q1FY26. Revenue at Jaguar Land Rover, which was acquired by Tata Motors in June 2008, also decreased by 10 per cent to 6.6 billion pounds or Rs 77,662 crore after it had to stop exports to the United States for nearly a month in April in response to tariffs imposed by US President Trump and phased out older Jaguar models primarily made in the United Kingdom (UK). However, despite the fall in revenue, Jaguar Land Rover has kept its guidance range for FY26 unchanged at 5 to 7 per cent. "Welcomed signing of UK-US trade deal to reduce tariffs on UK-produced vehicles exported to the US from 27.5 per cent to 10 per cent, effective from June 30, 2025. EU-US trade deal announced on July 27, 2025 will, in due course, reduce tariffs on Jaguar Land Rover's European Union-made vehicles exported to the US from 27.5 per cent to 15 per cent," the company stated. The revenue of Tata Motors from operations dropped by 2.5 per cent year-on-year to Rs 1.04 lakh crore in Q1 FY26, from Rs 1.07 lakh crore in Q1 FY25, while EBITDA declined 36 per cent year-on-year to Rs 9,700 crore. The company's commercial vehicle revenues declined by 4.7 per cent to Rs 17,000 crore, while EBITDA margins improved to 12.2 per cent, due to better realisations and cost savings despite lower volumes. Revenues from passenger vehicles declined by 8.2 per cent, reflecting decreased demand and transition to newer models. UNI XC BM
