ITC Hotels on Wednesday reported a 54% year-on-year growth (YoY) in its Q1FY26 net profit, rising to Rs 133 crore from Rs 87 crore in the same period last year. The net profit is attributable to the owners of the company.
Revenue from operations for the quarter stood at Rs 816 crore, up 15.5% from Rs 706 crore in the corresponding quarter of the previous financial year.
The company’s profit after tax (PAT) fell 48% sequentially, compared to Rs 257 crore reported in Q4FY25. The decline in PAT is attributed to a 23% drop in ITC Hotels’ revenue in the current quarter, down from Rs 1,061 crore in the January–March period.
The year-on-year growth in PAT and revenue boosted investor sentiment, pushing the stock up nearly 4% to an intraday high of Rs 237 on NSE.
More to come…