Integrated Filing — IndAS



General information about company
Scrip Code 544325
NSE Symbol ITCHOTELS
MSEI Symbol NOTLISTED
ISIN INE379A01028
Name of company ITC HOTELS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 16-Jul-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 09-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 16-Jul-2025   13:20:00
End date and time of board meeting 16-Jul-2025   13:40:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 8155400000
Other income 441800000
Total income 8597200000
2 Expenses
(a) Cost of materials consumed 815400000
(b) Purchases of stock-in-trade 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0
(d) Employee benefit expense 1900200000
(e) Finance costs 16600000
(f) Depreciation, depletion and amortisation expense 1024400000
(f) Other Expenses
1 Other Expenses 2993100000 2993100000
Total other expenses 2993100000
Total expenses 6749700000
3 Total profit before exceptional items and tax 1847500000
4 Exceptional items 0
5 Total profit before tax 1847500000
6 Tax expense
7 Current tax 513800000
8 Deferred tax 37100000
9 Total tax expenses 550900000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 1296600000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 40500000
16 Total profit (loss) for period 1337100000
17 Other comprehensive income net of taxes -300300000
18 Total Comprehensive Income for the period 1036800000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 1331000000
Total profit or loss, attributable to non-controlling interests 6100000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 1030700000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 6100000
21 Details of equity share capital
Paid-up equity share capital 2081700000
Face value of equity share capital 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.64
Diluted earnings (loss) per share from continuing operations 0.64
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.64
Diluted earnings (loss) per share from continuing and discontinued operations 0.64
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. The Unaudited Consolidated Financial Results and Segment Results were reviewed by the Audit Committee, and approved by the Board of Directors of the Company at its meeting held on 16th July, 2025. n n2. The Hon’ble National Company Law Tribunal, Kolkata Bench, vide Order dated 4th October, 2024, approved the Scheme of Arrangement amongst ITC Limited and the Company and their respective Shareholders and Creditors under Sections 230 to 232 read with other applicable provisions of the Companies Act, 2013 (‘Scheme’) for demerger of the Hotels Business of ITC Limited ('Demerged Undertaking') into the Company on a going concern basis. The Appointed Date and Effective Date of the Scheme was 1st January, 2025. n nIn accordance with the accounting treatment specified in the Scheme and in terms of applicable Accounting Standards (Ind AS), the figures for the period ended 30th June, 2024 and year ended 31st March, 2025 include the results of the Company and the Demerged Undertaking, from the date of incorporation of the Company. n n3. 5,00,372 Equity Shares of Re. 1/- each were issued and allotted under the ITC Hotels Special Purpose Employee Stock Option Scheme during the quarter ended 30th June, 2025. Consequently, the issued and paid-up Share Capital of the Company stands increased to Rs. 2,08,16,71,412/- as on 30th June, 2025. n n4. Earnings per share (Basic & Diluted) are calculated after considering the impact of issuance of equity shares pursuant to the Scheme from the date of incorporation of the Company. n n5. During the quarter ended 30th June, 2025, the Board approved Capital Expenditure of ~ Rs. 328 Crores for construction of a hotel in Visakhapatnam, Andhra Pradesh. n n6. Figures presented as “…” are below the rounding off norm adopted by the Group. n n7. This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. n nLimited Review nThe Company is required to file its financial results with the relevant stock exchanges as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and accordingly have been subjected to Limited Review by the statutory auditors of the Company, who have issued an unmodified conclusion on the same. n



Remarks
Debt equity ratio Debt Ratios are not relevant for the Group as there are no borrowings.
Debt service coverage ratio Debt Ratios are not relevant for the Group as there are no borrowings.
Interest service coverage ratio Debt Ratios are not relevant for the Group as there are no borrowings.


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Hotels 8005700000 8005700000
2 Real estate 0 0
3 Others 100600000 100600000
Total Segment Revenue 8106300000
Less: Inter segment revenue 17000000 17000000
Revenue from operations 8089300000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Hotels 1436900000 1436900000
2 Real estate -3000000 -3000000
3 Others 46100000 46100000
Total Profit before tax 1480000000
i. Finance cost 16600000 16600000
ii. Other Unallocable Expenditure net off Unallocable income -424600000 -424600000
Profit before tax 1888000000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Hotels 86591700000 86591700000
2 Real estate 13332400000 13332400000
3 Others 1360000000 1360000000
Total Segment Asset 101284100000 101284100000
Un-allocable Assets 24282400000 24282400000
Net Segment Asset 125566500000 125566500000
4 Segment Liabilities
Segment Liabilities
1 Hotels 10138300000 10138300000
2 Real estate 1975600000 1975600000
3 Others 526300000 526300000
Total Segment Liabilities 12640200000 12640200000
Un-allocable Liabilities 4511200000 4511200000
Net Segment Liabilities 17151400000 17151400000
Disclosure of notes on segments Textual Information(2)



Text Block
Textual Information(2) * The Group is constructing super premium branded residences in Colombo, Sri Lanka. The revenue shall be recognized upon completion of the sale of the same. n nThe Operating Segments have been reported in a manner consistent with the internal reporting provided to the Strategic and Executive Management Committee, which is the Chief Operating Decision Maker. The Group has presence in Hotels and Real Estate businesses. The Group's organisational structure and governance processes are designed to support effective management of these businesses. n nThe business groups comprise the following : n nHotels - Hotel Services nReal estate - Branded Residences nOthers - Golfing and ancillary services



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not reclassified to profit and loss -11300000 -11300000
Total Amount of items that will not be reclassified to profit and loss -11300000
2 Income tax relating to items that will not be reclassified to profit or loss -2800000
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to profit and loss -291800000 -291800000
Total Amount of items that will be reclassified to profit and loss -291800000
4 Income tax relating to items that will be reclassified to profit or loss 0
5 Total Other comprehensive income -300300000