| 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 | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 20-01-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 09-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third 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 | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 20-01-2026 12:40:00 |
| End date and time of board meeting | 20-01-2026 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 |
| 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 | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 1,23,068.00 | 2,88,570.00 | |
| Other income | 4,960.00 | 13,919.00 | |
| Total income | 1,28,028.00 | 3,02,489.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 16,223.00 | 33,026.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 20,366.00 | 58,029.00 |
| (e) | Finance costs | 219.00 | 576.00 |
| (f) | Depreciation, depletion and amortisation expense | 10,421.00 | 31,073.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 39,773.00 | 1,01,767.00 |
| Total other expenses | 39,773.00 | 1,01,767.00 | |
| Total expenses | 87,002.00 | 2,24,471.00 | |
| 3 | Total profit before exceptional items and tax | 41,026.00 | 78,018.00 |
| 4 | Exceptional items | (8,400.00) | (8,400.00) |
| 5 | Total profit before tax | 32,626.00 | 69,618.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 8,268.00 | 18,460.00 |
| 8 | Deferred tax | 762.00 | 1,619.00 |
| 9 | Total tax expenses | 9,030.00 | 20,079.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 23,596.00 | 49,539.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 87.00 | 844.00 |
| 16 | Total profit (loss) for period | 23,683.00 | 50,383.00 |
| 17 | Other comprehensive income net of taxes | (3,843.00) | 1,550.00 |
| 18 | Total Comprehensive Income for the period | 19,840.00 | 51,933.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 23,513.00 | 50,100.00 | |
| Total profit or loss, attributable to non-controlling interests | 170.00 | 283.00 | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 19,670.00 | 51,650.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 170.00 | 283.00 | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 20,829.00 | 20,829.00 | |
| Face value of equity share capital | 1 | 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 | 1.13 | 2.41 | |
| Diluted earnings (loss) per share from continuing operations | 1.13 | 2.4 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 1.13 | 2.41 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 1.13 | 2.4 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. ‘Revenue from operations’ includes ‘Gross Revenue from sale of products and services’ and ‘Other operating revenue’. 2. ‘Cost of materials consumed’ includes ‘Consumption of food, beverage, etc.’ and ‘Real estate development cost’. 3. ‘Depreciation, depletion and amortisation expense’ should be read as ‘Depreciation and amortization expense’. NOTES TO STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2025 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 20th January, 2026. 2. 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. In accordance with the accounting treatment specified in the Scheme and in terms of applicable Accounting Standards (Ind AS), the figures for the quarter and period ended 31st December, 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. 3. 1,34,000 Equity Shares of Re. 1/- each were issued and allotted under the ITC Hotels Special Purpose Employee Stock Option Scheme during the quarter ended 31st December, 2025. Consequently, the issued and paid-up Share Capital of the Company stands increased to Rs. 2,08,28,53,588/- as on 31st December, 2025. 4. 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. 5. Exceptional items for the quarter and nine months ended 31st December, 2025 include: i) estimated one time impact on recognition of past service cost of Rs. 55.42 crores with respect to gratuity and leave with wages pursuant to notifications issued by the Ministry of Labour & Employment dated 21st November, 2025 bringing into force the provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the New Labour Codes). The Group continues to monitor the finalization of rules by the Government and other related aspects of the New Labour Codes and will appropriately account for such changes, if required. ii) estimated net loss of Rs. 28.58 crores on account of inventory damaged due to Cyclone Ditwah in Sri Lanka, for which insurance survey is under process. 6. This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Limited Review The Company is required to file its financial results with the Stock Exchanges as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and accordingly, the financial results have been subjected to Limited Review by the statutory auditors of the Company, who have issued an unmodified conclusion on the same. |
|---|
| Debt equity ratio | Debt equity ratio is not applicable to the Group |
|---|---|
| Debt service coverage ratio | Debt service coverage ratio is not applicable to the Group |
| Interest service coverage ratio | Interest service coverage ratio is not applicable to the Group |
| 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 | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Hotels | 1,13,251.00 | 2,75,588.00 | ||||
| 2 | Real estate | 8,151.00 | 8,151.00 | ||||
| 3 | Others | 1,288.00 | 3,362.00 | ||||
| Total Segment Revenue | 1,22,690.00 | 2,87,101.00 | |||||
| Less: Inter segment revenue | 263.00 | 577.00 | |||||
| Revenue from operations | 1,22,427.00 | 2,86,524.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Hotels | 33,679.00 | 62,112.00 | ||||
| 2 | Real estate | 2,645.00 | 2,575.00 | ||||
| 3 | Others | 460.00 | 1,119.00 | ||||
| Total Profit before tax | 36,784.00 | 65,806.00 | |||||
| i. Finance cost | 219.00 | 576.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 3,852.00 | (5,232.00) | |||||
| Profit before tax | 32,713.00 | 70,462.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Hotels | 8,59,782.00 | 8,59,782.00 | ||||
| 2 | Real estate | 1,34,388.00 | 1,34,388.00 | ||||
| 3 | Others | 13,504.00 | 13,504.00 | ||||
| Total Segment Asset | 10,07,674.00 | 10,07,674.00 | |||||
| Un-allocable Assets | 3,04,002.00 | 3,04,002.00 | |||||
| Net Segment Asset | 13,11,676.00 | 13,11,676.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Hotels | 1,15,588.00 | 1,15,588.00 | ||||
| 2 | Real estate | 17,088.00 | 17,088.00 | ||||
| 3 | Others | 5,497.00 | 5,497.00 | ||||
| Total Segment Liabilities | 1,38,173.00 | 1,38,173.00 | |||||
| Un-allocable Liabilities | 45,706.00 | 45,706.00 | |||||
| Net Segment Liabilities | 1,83,879.00 | 1,83,879.00 | |||||
| Disclosure of notes on segments | Textual Information(2) | ||||||
| Textual Information(2) | 1. 'Revenue from Operations' should be read as 'Gross Revenue from sale of products and services'. 2. ‘Other Unallocable Expenditure net off Unallocable income’ should be read as ‘Other un-allocable (income) net of un-allocable expenditure and is, net of share of profit/loss of Associates and Joint Ventures. 3. The 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. 4. The business groups comprise the following : Hotels - Hotel Services Real estate - Branded Residences Others - Golfing and ancillary services |
|---|
| 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 | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Items that will not be reclassified to profit or loss | 107.00 | (9.00) |
| Total Amount of items that will not be reclassified to profit and loss | 107.00 | (9.00) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 28.00 | 0.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Items that will be reclassified to profit or loss | (3,922.00) | 1,559.00 |
| Total Amount of items that will be reclassified to profit and loss | (3,922.00) | 1,559.00 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (3,843.00) | 1,550.00 |