Hotels company Taj GVK Hotels & Resorts announced H1FY25 & Q2FY25 results Standalone Financial Results: Q2FY25: Revenue: Rs 107.37 crore, compared to Rs 94.70 crore during Q2FY24. EBITDA: Rs 31.67 crore, compared to Rs 22.66 crore during Q2FY24. Profit After Tax: Rs 19.65 crore, compared to Rs 11.13 crore during Q2FY24. H1FY25: Revenue: Rs 202.07 crore, compared to Rs 182.27 crore during H1FY24. EBITDA: Rs 60.26 crore, compared to Rs 49.05 crore during H1FY24. Profit After Tax: Rs 32.36 crore, compared to Rs 24.34 crore during H1FY24. Consolidated Financial Results: Q2FY25: Revenue growth of 8% i.e. Rs 52.66 crore from Rs 48.40 crore. EBITDA of Rs 20.93 crore from Rs 20.60 crore. PAT of Rs 9.35 crore as against Rs 6.37 crore in the previous year. Consolidated PAT of Rs 24.23 crore in Q2 FY25 as against the previous year of Rs 14.26 crore. H1FY25: Revenue growth of 8% from Rs 98.28 crore to Rs 105.70 crore EBITDA growth to Rs 42.13 crore from Rs 41.82 crore. PAT of growth of 39% to Rs 18.07 crore as against last year of Rs 13.01 crore Consolidated PAT of Rs 41.21 crore as against last year of Rs 30.72 crore, registering a growth of 34% over the previous year. GVK Reddy, Chairman, TAJ GVK Hotels & Resorts Ltd said: “In Q2FY25, TAJGVK has reported a revenue growth of 13% with a strong EBITDA improvement of 39% and reported revenue growth of 11% and EBITDA improvement of 23% in H1FY25. With the completion of the renovation in Taj Deccan and given the demand buoyancy in the upcoming quarters, the second half of the fiscal is well poised for double-digit revenue growth.” Result PDF
Hotels company Taj GVK Hotels & Resorts announced Q1FY25 results: Revenue: Reported revenue of Rs 94.70 crore in Q1FY25, up from Rs 91.81 crore in Q1FY24. EBITDA: Achieved EBITDA of Rs 28.59 crore in Q1FY25, compared to Rs 26.39 crore in Q1FY24. Profit After Tax (PAT): Recorded a PAT of Rs 12.71 crore in Q1FY25, down from Rs 13.21 crore in Q1FY24. GVK Reddy, Chairman Taj GVK Hotels & Resorts, said, “In the first quarter, the company has reported a highest financial performance for the first quarter with a revenue of Rs 94.70 crore , strong EBITDA Margin of 30%, an expansion of 144 basis points over the previous year. The RevPAR improved by 12% to Rs 6,075 as compared to Rs 5,417 in the previous year. Result PDF
Taj GVK Hotels & Resorts announced Q3FY23 results: Standalone Q3FY23: Reported a revenue of Rs 105.56 crore in Q3FY23, an increase of 29% over Q3FY22 Reported a positive EBITDA of in Q3FY23, an increase of 16% as compared to Q3 in the last fiscal. The occupancy increased by 5 percentage points whilst the Average Room Rates showed a significant growth of 19% as compared to the pre-COVID level. Dr GVK Reddy, Chairman TAJGVK Hotels & Resorts Ltd said "Business continues to be buoyant driven primarily by social events and corporate travel. All the hotels in the portfolio have outperformed in their respective markets. This strong performance over three consecutive quarters matched with cost optimization has resulted in the company's best nine-month performance in a decade with a PAT of Rs 65.38 crore." Result PDF
Taj GVK Hotels & Resorts announced Q1FY23 Result : Reported a revenue of Rs 86.47 Crore, an increase of 246% over Q1 FY 2021-22. Reported an EBITDA of Rs 30.51 Crore in Q1 FY 2022-23 as compared to a loss of Rs.3.48 Crore in the same quarter in the last fiscal. Announces the company’s highest ever profitable Q1 with PAT of Rs 15.97 crores in Q1 FY 2022-23. Occupancy has seen a 9-percentage point expansion and ARR has shown a significant growth of 12% as compared to pre-COVID levels. TAJGVK’s portfolio of Hyderabad hotels and Taj Santacruz, Mumbai continue RevPAR dominance in their respective markets. Taj Deccan is ranked No 1 hotel on Trip Advisor in the city of Hyderabad. 5 out of 6 hotels have achieved EarthCheck Certified Platinum recognition Dr. GVK Reddy, Chairman TAJGVK Hotels & Resorts Ltd said “The resurgence in travel is reflecting in the increased revenues. Travel recovery is broad based across leisure, corporate and conferences / events for all hotels in the portfolio. This combined with cost optimization measures has resulted in a strong margin of 35% in Q1 FY 2022-23 as against 26% in Q1 FY 2019-20.” Greenwoods Palaces & Resorts Private Limited – a JV company which operates Taj Santacruz, reported an income of INR 44.56 Crore, an increase of 336% over Q1 FY 2021-22. Greenwoods reported an EBITDA of Rs 19.22 Crore in Q1 FY 2022-23 as compared to a loss of Rs.1.68 Crore in the same quarter in the last fiscal. The iconic brand, Taj, has been recognized as World’s Strongest Hotel Brand and India’s Strongest Brand across all sectors by Brand Finance 2022. The TAJGVK portfolio features six leading Taj hotels. Result PDF