TAJGVK HOTELS & RESORTS LTD.
P&L
Quarterly Consolidated
vs Q2 FY26
TajGVK Hotels & Resorts Reports 35% Increase in PAT for 9M FY2026
09 Feb 2026 · 9 Feb, 2:22 pm
Summary
TajGVK Hotels & Resorts Ltd reported its results for the third quarter and nine months ending December 31, 2025. The company showed a strong 9M FY2026 with a double-digit revenue growth, an EBITDA margin of 36%, and an all-time high PAT of INR 89 Crore, which is a 35% increase over the previous period. However, the EBIDTA is subdued due to one-time expenses and ongoing renovation costs.
Key Highlights
- 1
Greenwoods Palaces & Resorts Private Limited reported a revenue of INR 67 crores with an EBITDA of INR 28 crores and PAT 16.12 crores in Q3 FY2026
- 2
The Board approved the acquisition of 15,05,100 equity shares of Rs. 10/- each at a premium of Rs. 96.91 per share from Greenridge Hotels & Resorts LLP
- 3
IHCL’s iconic brand Taj is ranked as India’s Strongest Brand 2025 and World’s Strongest Hotel Brand 2025
- 4
The company executed Hotel Management Agreements with Indian Hotels Company Limited (IHCL) for a term of 20 years for all hotels in TAJGVK portfolio
Management Comments
Mrs.Shalini Bhupal
The company demonstrated a strong 9M FY2026 with a double-digit revenue growth, an EBITDA margin of 36%, expansion of 300 basis points and an all-time high PAT of INR 89 Crore, - an 35% increase over the previous period. 9M FY 24/25 = 331Cr. Q3 also witnessed 8% growth in revenue YoY. However, the EBIDTA is subdued due to one-time expense on account of a) Rs. 4.22 Cr. - provision for Gratuity in order to comply with the new notified Labour Codes as well as b) Rs. 1.96 Cr - increase in the licence fees to the landlords of the Begumpet hotel effective from the start of the financial year which was booked in the third quarter.
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