| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 2.0K | 0.0% | 11.8% |
| Total Income | 2.1K | 1.1% | 12.4% |
| Expenditure | 1.7K | 0.6% | 11.3% |
| PBT | 452.71 | 2.9% | 34.9% |
| Net Profit | 318.26 | 3.4% | 45.4% |
| OPM | 27.93% | 0.29pp | 3.05pp |
| NPM | 14.98% | 0.69pp | 15.35pp |
| EPS | 2.00 | 3.9% | 48.6% |
IHCL Reports Q2 & H1 FY 2025-26 Financial Results: 14th Consecutive Quarter of Record Performance, Revenue Grows by 12% and EBITDA Margin Expands by 90 bps
04 Nov 2025 · 4 Nov 2025, 04:52 pm
Summary
The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated financials for the second quarter ending September 30, 2025. The company reported a 12% YoY growth in revenue and a 90 bps expansion in EBITDA margin. The revenue performance in the first half of the year was enabled by a 9% RevPAR growth, 22% growth in New Businesses and 21% growth in management fee income.
Key Highlights
- 1
Revenue grows by 12%
- 2
EBITDA margin expands by 90 bps
- 3
9% RevPAR growth
- 4
22% growth in New Businesses
- 5
21% growth in management fee income
- 6
46 signings to reach a portfolio of 570 hotels
- 7
26 hotels opened
- 8
Taj Bandstand construction commences
- 9
Strong industry fundamentals for H2 FY2026
- 10
Consolidated hotels delivered a 9% Consolidated RevPAR growth
- 11
Management Fee income grew by 21%
- 12
IHCL forays into Ekta Nagar with a multi-brand presence
Management Comments
Mr. Puneet Chhatwal
Q2 FY2026 marks IHCL’s fourteenth consecutive quarter of record financial performance with a revenue of INR 2,124 crores, a 12% growth over the previous year and a strong EBITDA margin of 30.8%, an expansion of 90 basis points. The revenue performance in the first half of the year was enabled by a 9% RevPAR growth, 22% growth in New Businesses and 21% growth in management fee income.
Mr. Ankur Dalwani
For Q2 FY2026, IHCL Standalone reported a revenue of INR 1,166 crores, clocking an EBITDA margin of 40.8%, an expansion of 220 basis points and a PAT margin of 24.8%. IHCL Consolidated continues to maintain a healthy balance sheet with a gross cash balance of INR 2,847 crores as on 30 September 2025.”
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