IHCL Reports Double-Digit Growth Amid Global Challenges
Tata's Indian Hotels Company Ltd (IHCL) has reported a 14.71% year-on-year rise in net profit for the fourth quarter of FY26. The company achieved a record performance with Rs 9,971 crore in revenue and a 16% annual growth rate, despite economic challenges and geopolitical tensions in West Asia.
In a significant financial update, Tata Group's Indian Hotels Company Ltd (IHCL) has reported a 14.71% increase in its consolidated net profit for the fourth quarter ending March, totaling Rs 645.43 crore. This marks a year-on-year improvement from Rs 562.66 crore, backed by robust performance across various segments.
IHCL's revenue from operations rose significantly to Rs 2,765.29 crore, up from Rs 2,425.14 crore in the same quarter the previous year. The Board of Directors proposed a dividend of Rs 3.25 per share, pending approval at the upcoming Annual General Meeting, amid increased expenses pushing to Rs 2,014.91 crore.
CEO Puneet Chhatwal highlighted a historical achievement of Rs 2,000 crores in PAT, underscoring the company's resilience against macroeconomic challenges, including the ongoing conflict in West Asia. IHCL continues to anticipate double-digit growth for the current fiscal year, with new strategies aiming for further expansion by 2030.
(With inputs from agencies.)
ALSO READ
NILE Hospitality Expands with Courtyard by Marriott in Somnath
Kennametal India’s Revenue Grows by 39% in the Quarter Ended March 2026
Incremental revenue growth of Department of Posts to double to Rs 4,000 cr this year: MoS Communications
Airport hotels fuel hospitality growth as India expands aviation infrastructure
Birla Corporation Q4 profit up 14.8 pc to Rs 294.8 cr, FY26 revenue rises 5 pc
Google News