Indian Hotels Q2 Results | Revenue rises 12%, adjusted net profit up 15%

Tata Group hospitality firm Indian Hotels Company Ltd (IHCL) on Tuesday (November 4) reported its results for the September quarter after market hours on Tuesday.

For the September quarter, Indian Hotels reported a 12% year-on-year growth in its topline to ₹2,124 crore, while its net profit, on an adjusted basis, increased by 15% from last year to ₹285 crore. The profit growth figure is excluding the one-off exceptional gain of ₹307 crore that the company made in the same quarter last year due to the subsidiarization of TajSATS.

Revenue from operations grew 11.8% year-on-year to ₹2,040.8 crore from ₹1,826 crore in the corresponding quarter of the previous year. IHCL's total expenses also increased to ₹1,671.54 crore, from ₹1,502.01 crore in the same quarter of the last fiscal.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) increased 14.2% year-on-year to ₹572 crore against ₹501 crore a year ago. The company’s EBITDA margin stood at 28%, up from 27.4% in the same quarter last year.

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IHCL, which owns the 'Taj' marquee brand, has two primary revenue segments, including Hotel Services and Air and Institutional Catering (TajSATS).

"IHCL continued its accelerated growth momentum in the first half of FY2026 with 46 signings to reach a portfolio of 570 hotels and opened 26 hotels, crossing a milestone of over 250 operating hotels in India with over 25,000 rooms," IHCL Managing Director and Chief Executive Officer Puneet Chhatwal said.

Under IHCL's strategic partnership with Clarks Group, Chhatwal said, 14 hotels have been successfully onboarded on its sales & distribution network. The remaining portfolio is set to migrate to IHCL's brandscape in the coming months.

"In line with our guidance, Taj Bandstand, an iconic development for the Mumbai skyline, has commenced construction post securing necessary approvals. On the back of strong industry fundamentals, the outlook for the second half of the fiscal year remains strong with a rebound in corporate travel, seasonal surge in social events and global conventions & trade fairs," Chhatwal said.

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Shares of Indian Hotels Company Ltd ended at ₹743.75, down by ₹3.30, or 0.44%, on the BSE.