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Indian Hotels Co Ltd

| Statement of Standalone Financial Results for the Quarter and Year Ended March 31, 2026

Report Source

⬤11th May 26

Summary : The Indian Hotels Company Limited reported strong FY26 financial results with increased revenue and profit, strategic acquisitions, and a higher dividend recommendation, despite new labor code uncertainties.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Food and Beverages Consumed
  2. Employee Benefit expenses and Payment to Contractors
  3. Finance Costs
  4. Depreciation and Amortisation expense
  5. Other Operating and General Expenses
  6. Standalone Revenue from Operations: 537955 lakhs (FY26)
  7. Consolidated Revenue from Operations: 968922 lakhs (FY26)
  8. Segment-wise revenue: Hotel Services and Air and Institutional Catering
  9. Standalone Net Cash Generated From Operating Activities: 171429 lakhs (FY26)
  10. Consolidated Net Cash Generated From Operating Activities: 247141 lakhs (FY26)
  11. Standalone Net Cash Used In Investing Activities: (123596) lakhs (FY26)
  12. Consolidated Net Cash Used In Investing Activities: (172690) lakhs (FY26)
  13. Standalone Net Cash Used In Financing Activities: (43951) lakhs (FY26)
  14. Consolidated Net Cash Used In Financing Activities: (97631) lakhs (FY26)
  15. Provision for contingencies for certain matters
  16. Standalone Total Assets: 1561596 lakhs (FY26) vs 1390893 lakhs (FY25)
  17. Consolidated Total Assets: 2029698 lakhs (FY26) vs 1770393 lakhs (FY25)
  18. Standalone Other Equity: 1262461 lakhs (FY26) vs 1111358 lakhs (FY25)
  19. Consolidated Other Equity: 1290995 lakhs (FY26) vs 1101837 lakhs (FY25)
  20. Long-term deposits placed with related parties
  21. Long-term deposits repaid by related parties
  22. Short-term deposits placed with related parties
  23. Both standalone and consolidated financial results are presented.

Corporate Overview

  1. Impact on account of New Labour Codes
  2. Provision for impairment in a subsidiary that incurred losses
  3. Hoteliering is the Company's only business segment.
  4. Hotel Services
  5. Air and Institutional Catering
  6. Acquisition of 51% stake in ANK Hotels Private Limited
  7. Acquisition of 51% stake in Pride Hospitality Private Limited
  8. Acquisition of 51% stake in Sparsh Infratech Private Limited (Atmantan resort)

Risk Factors

  1. Uncertainty from new labor codes.
  2. Potential subsidiary impairment losses.
  3. Contingencies for various matters.
  4. Reliance on other auditors' reports.

Key Drivers

  1. Increased dividend payout.
  2. Strategic acquisitions expanding portfolio.
  3. Strong financial performance.
  4. Unmodified audit opinion.

Auditor’s Report

  1. Unmodified opinion on Standalone Annual Financial Results
  2. Unmodified opinion on Consolidated Annual Financial Results
  3. Standalone annual results include quarter ended March 31, 2026 as balancing figure
  4. Consolidated annual results include quarter ended March 31, 2026 as balancing figure
  5. Reliance on other auditors for subsidiaries, associates, and joint ventures

Board Commentary

  1. Recommended dividend of 3.25/- per Equity Share (325%) for FY26
  2. Previous year dividend was 2.25/- per Equity Share (225%)
  3. Impact on account of New Labour Codes
  4. Provision for contingencies for certain matters
  5. Provision for impairment in a subsidiary that incurred losses
  6. Impact on account of New Labour Codes
  7. Acquisition of ANK Hotels Private Limited for 10929 lakhs
  8. Acquisition of Pride Hospitality Private Limited for 8118 lakhs
  9. Acquisition of Sparsh Infratech Private Limited for 23221 lakhs

Corporate Governance

  1. Financial results reviewed by Audit and Compliance Committee
  2. Financial results approved by Board of Directors

Management Discussion & Analysis

Future Strategy

  1. Monitoring finalisation of Central/State Rules for Labour Codes

Performance Drivers

  1. Strategic acquisitions of ANK Hotels, Pride Hospitality, and Sparsh Infratech
  2. Sale of entire equity stake in Taj GVK Hotels & Resorts Limited

Risk Control Measures

  1. Company continues to monitor finalisation of Labour Code rules

Critical Risks

  1. Impact on account of New Labour Codes
  2. Provision for contingencies for certain matters
  3. Provision for impairment in a subsidiary that incurred losses