The Indian Hotels Company Limited (IHCL) Q2 Results: Consolidated Profit Rises 19% As Revenue Growth Continues
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The Indian Hotels Company Limited (IHCL) reported higher consolidated revenue and profit for the September quarter. Growth in hotel services supported performance, while the company recorded expenses linked to a proposed merger involving an associate. Its planned amalgamation with Oriental Hotels Limited remains subject to regulatory and other approvals.
The Indian Hotels Company Limited, which operates the Taj Hotels portfolio, reported an increase in consolidated earnings for the September quarter, supported by growth in its hotel business. The company’s financial results for the quarter ended 30 September 2026 were approved by its board on Wednesday.
Consolidated revenue from operations rose to ₹2,484.32 crore from ₹2,040.89 crore a year earlier. Total income, including other income, reached ₹2,566.17 crore, reflecting an expansion in the company’s overall business during the period.
Profit for the period increased to ₹379.85 crore from ₹318.26 crore in the corresponding quarter last year. However, the results included an exceptional expense associated with a proposed merger involving an associate company.
IHCL Share Price Falls After Q2 Results Announcement
The Indian Hotels Company Limited shares ended 21 October 2026 at ₹753.00 on the National Stock Exchange (NSE), down 0.93%. The stock shed ₹7.00 during the session. This came on the same day the company announced its September-quarter results, which showed year-on-year growth in both consolidated revenue and profit.
Hotel Services Lead Revenue Growth
Hotel services remained the principal contributor to operating revenue, while air and institutional catering also formed part of the company’s business mix.
Key consolidated figures for the quarter included:
Particulars | Q2 FY27 | Q2 FY26 |
|---|---|---|
Revenue from operations | ₹2,484.32 crore | ₹2,040.89 crore |
Profit for the period | ₹379.85 crore | ₹318.26 crore |
Earnings per share | ₹2.46 | ₹2.00 |
For the first half of the financial year, revenue from operations reached ₹4,823.51 crore, compared with ₹4,081.97 crore in the previous corresponding period. Consolidated profit for the six-month period stood at ₹770.66 crore.
Oriental Hotels Merger Awaits Approvals
IHCL’s proposed amalgamation of Oriental Hotels Limited into the company remains subject to approval from the National Company Law Tribunal, shareholders and creditors where applicable, along with the necessary regulatory and statutory clearances.
The company also completed its acquisition of a 51% equity stake in Brij Hospitality Private Limited in April 2026, making it a subsidiary.
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Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
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