4 days ago
- Business
- United News of India
TajGVK hotels & Resorts standalone net profit post at INR 36.22 cr in Q1FY26
Hyderabad, Aug 8 (UNI) TAJGVK Hotels & Resorts Ltd , a Joint venture between the GVK Group and The Indian Hotels Company Limited (IHCL), today reported that its standalone net profit increased to INR 36.22 crore for the first quarter ending , June 30, 2025 as against INR 12.71 crore during the corresponding period in the previous year.
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.
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