Latest news with #TataGroup-owned
Time of India
a day ago
- Business
- Time of India
Indian Hotels net profit rises 26.56% to ₹329 crore in Q1 FY26
NEW DELHI: Tata Group-owned Indian Hotels Company Limited (IHCL) on Thursday reported a 26.56 per cent rise in its consolidated net profit to Rs 329.32 crore in the first quarter of FY26. The country's biggest hospitality player posted a net profit of Rs 260.19 crore in the corresponding period of the previous financial year. Its total income from operations stood at Rs 2,102.17 crore during the April-June quarter, against Rs 1,596.27 crore in the year-ago period. The company's total expenses also increased to Rs 1,662.35 crore, from Rs 1,267.78 crore a year ago, a regulatory filing showed. "Q1 FY2026 marks the thirteenth consecutive quarter of record performance. In line with our guidance, the company reported a double-digit growth in consolidated revenue," Puneet Chhatwal, Managing Director and Chief Executive Officer of IHCL, said in a statement. Revenue from the hotel segment grew by 14 per cent to Rs 1,814 crore, leading to a strong EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) margin of 31.4 per cent, the statement said. "This performance was enabled by diversification of our top line across same-store hotels, not like-for-like growth and New Businesses consolidated revenue growing by 27 per cent over the previous year. The hospitality sector, despite geopolitical headwinds, continues to show resilience and sustained growth," Chhatwal said. Further, he said IHCL continued its growth momentum with 12 signings, taking the portfolio to over 390 hotels and opened six new hotels in the quarter under review. He told PTI that recent incidents, including the airline tragedy in Gujarat, Operation Sindoor or the Middle East conflict, have cost the company 2.5-3 per cent topline. "Whether it is an unfortunate airline tragedy in Gujarat or it is Operation Sindoor or the Middle East led to a lot of cancellations. "However, the demand came back very will be fair to say, around what we are communicating as a guidance, is 2.5-3 per cent of the top line was lost because of these disturbances during the first quarter of this fiscal," he added. He said IHCL continued its growth momentum with 12 signings, taking the portfolio to over 390 hotels, and opened 6 new hotels in the quarter. When asked about Taj Bandstand, Chhatwal said, the hotel will take maybe 4 years to complete. "In the interim, we have received the MOEF (Ministry of Environment, Forest and Climate Change) and CRZ (Coastal Regulation Zone) approval, the commencement certificate (CC), the litigation on the public interest litigation (PIL) and the height from the airport (authorities) are left. We only want 15 meters more. "And CC is the formality. The only thing that needs to be removed now is to get rid of PIL, with the help of the government," he added. Talking about hotel openings, he said, last year IHCL signed 74 agreements and this year the company will definitely open 13 properties. "September to March will be very high in openings, which is also good because, again, the second half is a better time for most of the locations. "We are also evaluating and looking at other inorganic opportunities as we are debt-free and we have a lot of cash reserves," Chhatwal added. Talking about overseas plans, he said, it is limited to the Taj brand. "In 3 months, we are opening two Taj properties in Bhutan, Phobjikha and Paro (Nepal). These are Brownfield projects. We are under development in Bahrain and in Saudi Arabia. We will open, by the end of January 2026, a Taj hotel in Frankfurt (Germany). So, our overseas expansion is limited to the Taj brand," he said. On taking the rest of the IHCL brands overseas, he said, "Maybe in 2-3 years if opportunities come up. But first, we need to establish the presence of the Taj."
India.com
a day ago
- Business
- India.com
Good news for Noel Tata, this Ratan Tata company earns Rs 2960000000, shares jumps by 880% in…
Noel Tata (File) Tata Group-owned Indian Hotels Company Limited (IHCL) reported a 26.56% year-on-year increase in consolidated net profit, reaching Rs 329.32 crore for the first quarter of FY26. In the same quarter last year, the company had posted a net profit of Rs 260.19 crore. Revenue from operations rose to Rs 2,102.17 crore during the April–June quarter, up from Rs 1,596.27 crore in the corresponding period of the previous fiscal. Indian Hotels Q1 FY26 Results The company's total expenses also increased to Rs 1,662.35 crore, from Rs 1,267.78 crore a year ago, a regulatory filing showed. 'Q1 FY2026 marks the thirteenth consecutive quarter of record performance. In line with our guidance, the company reported a double-digit growth in consolidated revenue,' Puneet Chhatwal, Managing Director and Chief Executive Officer of IHCL, said in a statement. Revenue from the hotel segment grew by 14 per cent to Rs 1,814 crore, leading to a strong EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) margin of 31.4 per cent, the statement said. 'This performance was enabled by diversification of our top line across same-store hotels, not like-for-like growth and New Businesses consolidated revenue growing by 27 per cent over the previous year. The hospitality sector, despite geopolitical headwinds, continues to show resilience and sustained growth,' Chhatwal said. Further, he said IHCL continued its growth momentum with 12 signings, taking the portfolio to over 390 hotels and opened six new hotels in the quarter under review. He said IHCL continued its growth momentum with 12 signings, taking the portfolio to over 390 hotels, and opened 6 new hotels in the quarter. Indian Hotels Share Price Performance Shares of Indian Hotels, a Tata Group hospitality company, have jumped 880% over the past five years. On July 17, 2020, the company's stock was trading at Rs 76.99 on the NSE. As of July 17, 2025, it closed at Rs 755.10. Over the last four years, the stock has gained 409%, while in the past three years, it has risen by 201%. In the last two years alone, Indian Hotels shares have seen a rally of around 92%. (With Inputs From PTI)
Economic Times
2 days ago
- Business
- Economic Times
Tata Group-owned Indian Hotels Q1 Results: Net profit rises 26% to Rs 329 crore
Tata Group-owned Indian Hotels Company Limited (IHCL) on Thursday reported a 26.56 per cent rise in its consolidated net profit to Rs 329.32 crore in the first quarter of FY26. ADVERTISEMENT The country's biggest hospitality player posted a net profit of Rs 260.19 crore in the corresponding period of the previous financial year. Its total income from operations stood at Rs 2,102.17 crore during the April-June quarter, against Rs 1,596.27 crore in the year-ago period. The company's total expenses also increased to Rs 1,662.35 crore, from Rs 1,267.78 crore a year ago, a regulatory filing showed. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Business
- Time of India
Indian Hotels Q1 Results: Tata Group-owned company reports 26% rise in net profit at Rs 329 crore
Tata Group-owned Indian Hotels Company Limited (IHCL) on Thursday reported a 26.56 per cent rise in its consolidated net profit to Rs 329.32 crore in the first quarter of FY26 . The country's biggest hospitality player posted a net profit of Rs 260.19 crore in the corresponding period of the previous financial year. Explore courses from Top Institutes in Select a Course Category Cybersecurity Data Analytics CXO Leadership MCA MBA Operations Management Degree Design Thinking Healthcare Technology Project Management Artificial Intelligence Product Management Public Policy Data Science PGDM Management healthcare Data Science Digital Marketing Others others Finance Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Remember Him? Sit Down Before You See What He Looks Like Now 33 Bridges Undo Its total income from operations stood at Rs 2,102.17 crore during the April-June quarter , against Rs 1,596.27 crore in the year-ago period. The company's total expenses also increased to Rs 1,662.35 crore, from Rs 1,267.78 crore a year ago, a regulatory filing showed.
Time of India
3 days ago
- Business
- Time of India
Air India, global carriers confirm Boeing 787 fuel switches are safe, ETInfra
Advt Air India did not find defects with the fuel control switches on its Boeing 787 fleet, after completing safety checks on their locking mechanism, a senior airline official said on Wednesday."Over the weekend, our engineering team initiated precautionary inspections on the locking mechanism of fuel control switch on all our Boeing 787 aircraft. The inspections have been completed and no issues were found," Abhishek Durga Dethan, chief pilot of Air India's Boeing 787 fleet, said in a letter to pilots of the Tata Group-owned the world, Singapore Airlines, Lufthansa Korean Air , and Etihad Airways also said that similar checks done by them did not show any is not yet known whether similar checks on the Boeing 737 jets operated by Air India Express also did not find any reported in its July 15 edition citing an Air India official that the airline had started checks on the fuel control switches (FCS) on Saturday and completed them on half of its Boeing fleet so far. The checks haven't identified any defects, the official said."All our Boeing 787-8 aircraft have also undergone Throttle Control Module (TCM) replacement as per the Boeing maintenance schedule. The FCS is part of this module," the airline India further directed its relevant staff to remain vigilant and report any defect in the technical log, as per the existing reporting process.
