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Economic Times
6 days ago
- Business
- Economic Times
ITC Hotels shares hit record high, rise over 3% after Q1 profit jumps 54% YoY
ITC Hotels shares surged over 3% to hit a record high of Rs 246 in Thursday's intraday trade on the BSE after the company posted a 54% year-on-year (YoY) rise in net profit for Q1FY26. Net profit attributable to the owners of the company stood at Rs 133 crore, up from Rs 87 crore in the same quarter last year. ADVERTISEMENT Revenue from operations for the quarter stood at Rs 816 crore, up 15.5% from Rs 706 crore in the corresponding quarter of the previous financial year. The company's profit after tax (PAT) fell 48% sequentially, compared to Rs 257 crore reported in Q4FY25. The decline in PAT is attributed to a 23% drop in ITC Hotels' revenue in the current quarter, down from Rs 1,061 crore in the January–March period. The year-on-year growth in PAT and revenue boosted investor sentiment, pushing the stock up nearly 4% to an intraday high of Rs 237 on ITC-promoted company incurred expenses of Rs 675 crore in Q1FY26, compared to Rs 596 crore in Q1FY25 and Rs 750 crore in Q4FY25. This reflects a 13% year-on-year increase and a 10% quarter-on-quarter decline. The expenses were primarily under the heads of consumption of food & beverages, employee benefits expense, and finance cost. Also Read: 9 undervalued mid-cap stocks with upside potential of up to 23% ADVERTISEMENT Revenue from the hotel business stood at Rs 801 crore, up from Rs 690 crore in Q1FY25, but down from Rs 1,043 crore in Q4FY25. ADVERTISEMENT The company's realty business did not report any revenue. It stated that the Group is constructing super-premium branded residences in Colombo, Sri Lanka, and revenue from this segment will be recognised upon completion and sale of the projects. Also Read: SBI, Federal Bank among 11 banks that saw NPA improvement in Q4 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
16-07-2025
- Business
- Time of India
ITC Hotels shares rally up to 7% after Q1 PAT jumps 54% YoY to Rs 133 crore
ITC Hotels' shares surged up to 7% after Q1FY26 net profit rose 54% YoY to Rs 133 crore. Revenue grew 15.5% YoY to Rs 816 crore. However, profit dropped 48% QoQ due to lower sequential revenue. Expenses rose YoY but fell QoQ. The Realty business reported no revenue this quarter. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The shares of ITC Hotels have rallied up to 7% to day's high of Rs 244.50 on BSE after the Q1 PAT jumped by 54% on a year-on-year basis to Rs 133 crore from Rs 87 crore in the same period last revenue from operations for the said quarter stood at Rs 816 crore, up 15.5% from Rs 706 crore in the corresponding quarter of the previous financial ITC-promoted company's profit after tax (PAT) fell 48% sequentially, compared to Rs 257 crore reported in Q4FY25 and the decline is attributed to a 23% drop in ITC Hotels' revenue in the current quarter, down from Rs 1,061 crore in the January–March year-on-year growth in PAT and revenue boosted investor sentiment, pushing the stock up nearly 4% to an intraday high of Rs 237 on Hotels incurred expenses of Rs 675 crore in Q1FY26, compared to Rs 596 crore in Q1FY25 and Rs 750 crore in Q4FY25 which reflects a 13% YoY increase and a 10% QoQ decline. The expenses were primarily under the heads of consumption of food & beverages, employee benefits expense, and finance from the hotel business stood at Rs 801 crore, up from Rs 690 crore in Q1FY25, but down from Rs 1,043 crore in company's realty business did not report any revenue. It stated that the Group is constructing super-premium branded residences in Colombo, Sri Lanka, and revenue from this segment will be recognised upon completion and sale of the projects.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Economic Times
16-07-2025
- Business
- Economic Times
ITC Hotels shares rally up to 7% after Q1 PAT jumps 54% YoY to Rs 133 crore
The shares of ITC Hotels have rallied up to 7% to day's high of Rs 244.50 on BSE after the Q1 PAT jumped by 54% on a year-on-year basis to Rs 133 crore from Rs 87 crore in the same period last year. ADVERTISEMENT The revenue from operations for the said quarter stood at Rs 816 crore, up 15.5% from Rs 706 crore in the corresponding quarter of the previous financial year. The ITC-promoted company's profit after tax (PAT) fell 48% sequentially, compared to Rs 257 crore reported in Q4FY25 and the decline is attributed to a 23% drop in ITC Hotels' revenue in the current quarter, down from Rs 1,061 crore in the January–March period. The year-on-year growth in PAT and revenue boosted investor sentiment, pushing the stock up nearly 4% to an intraday high of Rs 237 on Hotels incurred expenses of Rs 675 crore in Q1FY26, compared to Rs 596 crore in Q1FY25 and Rs 750 crore in Q4FY25 which reflects a 13% YoY increase and a 10% QoQ decline. The expenses were primarily under the heads of consumption of food & beverages, employee benefits expense, and finance from the hotel business stood at Rs 801 crore, up from Rs 690 crore in Q1FY25, but down from Rs 1,043 crore in Q4FY25. ADVERTISEMENT The company's realty business did not report any revenue. It stated that the Group is constructing super-premium branded residences in Colombo, Sri Lanka, and revenue from this segment will be recognised upon completion and sale of the projects. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
