Conference Call with Indian Hotels Company Management and Analysts on Q3FY26 Performance and Outlook. Listen to the full earnings transcript.
Hotels company Indian Hotels Company announced Q3FY26 results Revenue: Rs 2,900 crore for Q3FY26, change 12%. EBITDA: Rs 1,134 crore for Q3FY26, change 11%. EBITDA Margin: 39.1% for Q3FY26. PAT: Rs 903 crore for Q3FY26, change 55%. Puneet Chhatwal, Managing Director & CEO, IHCL, said: “Q3FY26 marks fifteenth consecutive quarter of record performance with a Consolidated revenue of Rs 2,900 crore, a 12% growth over the previous year, EBITDA of 1,134 crore and an EBITDA margin of 39.1%. The revenue in the quarter was driven by a strong same store performance, not like for like growth, supported by a 17% growth in airline and institutional catering and 31% growth in New Businesses. The hotel segment reported a revenue of Rs 2,579 crore resulting in the best ever quarterly EBITDA of Rs 1,050 crore.” “IHCL continued its growth momentum in FY2026 with 239 signings to reach a portfolio of 617 hotels and opened and onboarded 120 hotels, led by strategic partnerships and acquisitions. Under Accelerate 2030, IHCL expanded its brandscape with the acquisition of controlling stake in Atmantan, an integrated wellness brand and entered into definitive agreements to acquire 51% stake in Brij, a boutique experiential leisure offering and scaled the Ginger brand with 51% acquisition in ANK & Pride Hospitality. IHCL Consolidated continues to maintain a healthy balance sheet with a gross cash balance of Rs 3,877 crore as on 31st December 2025. IHCL is well placed to deliver sustained performance enabled by a diversified topline across brands, geographies and contract types.” Ankur Dalwani, Executive Vice President & Chief Financial Officer, IHCL said: “For Q3FY26, IHCL Standalone reported a revenue of Rs 1,654 crore, clocking a strong EBITDA margin of 48.2%, an expansion of 40 basis points and a PAT of Rs 921 crore post Exceptional Items.” “During the nine months ending December 2025, IHCL Consolidated generated cash of about Rs 1,600 crore and undertook capital expenditure to the tune of Rs 750 crore towards greenfield projects at Ekta Nagar, Taj Frankfurt, brownfield expansion at Taj Ganges Varanasi and the upcoming Taj Bandstand project along with renovations to key hotels such as Taj Palace Delhi, Taj Fort Aguada Goa, President Mumbai and St James Court London among others.” Result PDF