ITC Hotels Q3 Results: PAT Jumps 77% YoY to Rs 235 Crore, Revenue Rises 47%
ITC Hotels Achieves Remarkable Growth in Q3FY26
ITC Hotels has reported impressive profit and revenue growth for the third quarter of FY26. The significant increase can be attributed to higher occupancy rates, additional gains, and revenue from real estate ventures, coupled with a decrease in overall expenses.
Key Financial Highlights
– Consolidated Net Profit:
– Q3FY26: ₹235 crore
– Q3FY25: ₹133 crore
– Year-over-Year Growth: 77%
– Revenue from Operations:
– Q3FY26: ₹1,231 crore
– Q3FY25: ₹839 crore
– Year-over-Year Growth: 47%
– Sequential Increase in Profit:
– Q2FY26: ₹215 crore
– Quarter-over-Quarter Growth: Over 9%
– Sequential Increase in Revenue:
– Q2FY26: ₹1,015 crore
– Quarter-over-Quarter Growth: 21%
Expenses Overview
ITC Hotels incurred expenses of ₹870 crore in Q3FY26, an increase of 17% compared to ₹740 crore in Q2FY26, and a 24% rise from ₹700 crore in Q3FY25. These expenses mostly covered food and beverage costs, employee benefits, and real estate development.
Revenue by Segment
– Hotels:
– Revenue: ₹1,133 crore
– Previous Quarter (Q2FY26): ₹995 crore
– Previous Year (Q3FY25): ₹823 crore
– Real Estate:
– Revenue: ₹82 crore
– This is the first time this segment reported revenue, as ITC Limited’s real estate business had previously not generated any earnings in prior quarters. The company is currently developing luxury residences in Colombo, Sri Lanka, with revenue recognized upon project completion and sale.
Market Reaction
Following the earnings announcement, ITC Hotels shares were trading at ₹182.80, a slight decrease of 1.33% from the previous trading session, although this was an improvement from the day’s low of ₹181.
Conclusion
The latest Q3 results for ITC Hotels reflect a robust performance marked by significant growth in both revenue and profit. This upward trend indicates a strong recovery trajectory within the hospitality sector, driven by increased occupancy rates and diversified revenue sources. Looking forward, ITC Hotels continues to strengthen its position in the hospitality market, with a keen eye on upcoming real estate developments that will drive further growth.