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-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	15-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	08-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Hotel Services
Start date and time of board meeting	15-May-2025   12:40:00
End date and time of board meeting	15-May-2025   13:45:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2024-12-31
Indicate Company website link for updated RPT policy of the Company	https://www.itchotels.com/content/dam/itc-corporate/investor-relations-and-about-us-updated/pdfs/Policy-on-RPTs.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
Notes for RPT: n n1.tThe Hon’ble National Company Law Tribunal, Kolkata Bench, vide Order dated 4th October, 2024, sanctioned the Scheme of Arrangement amongst ITC Limited and the Company and their respective shareholders and creditors under Sections 230 to 232 read with the other applicable provisions of the Companies Act, 2013 (Scheme) for demerger of the Hotels Business of ITC Limited into the Company with an Appointed Date and Effective Date as 1st January, 2025. Further, the equity shares of the Company were listed on the National Stock of India and BSE Limited on 29th January, 2025. Accordingly, the aforesaid reportback includes transactions entered into by the Company for the period 1st October 2024 to 31st December 2024 (Pre-demerger, as per limits approved by the Board of Directors) and the Company and its Subsidiaries for the period 1st January 2025 to 31st March 2025 (Post-demerger, as per limits approved by the Audit Committee).ttttttttttttttttt n2.tRent paid includes rent pertaining to leases classified as Right of Use Assets.ttttttttttttt n3.tPost employment benefits are actuarially determined on overall basis and hence not separately provided.ttttttttttttttttt n4.tIn terms of the ‘Policy on Related Party Transactions’ of the Company, Related party transactions that are required to be approved by the Board and / or any other Board Committee do not require separate approval of the Audit Committee, such as transactions relating to appointment and remuneration of Directors and Key Managerial Personnel, CSR spends by the Company, corporate actions which are uniformly applicable / offered to all shareholders in proportion to their shareholding etc.tttttttttttt n5.tDuring the year, pursuant to the Scheme, the Company granted Stock Options to eligible employees, including Managing Director and KMPs, under the Special Purpose Employee Stock Option Scheme at the price calculated in accordance with the Scheme and the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Further, ITC Limited granted Stock Options to eligible employees, including Managing Director and KMPs, under its Employee Stock Option Schemes and Employee Stock Appreciation Linked Reward Plan (ESAR Units) to the aforesaid persons in the previous years under the ‘ITC Employee Cash Settled Stock Appreciation Linked Reward Plan', cost of which is being reimbursed. Since such Stock Options are not tradeable, no perquisite or benefit is immediately conferred upon the employee by grant of such Stock Options, and accordingly the said grants have not been considered as ‘remuneration’. In accordance with Ind AS - 102, the Company has recognised employee benefits expense by way of share based payments, of which Rs. 0.87 Crore is attributable to Managing Director & KMPs: A. Chadha - Rs. 0.31 Crore, A. Thakar - Rs. 0.31 Crore and S. Bose - Rs. 0.25 Croretttt n n

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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
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	9814900000	32792700000
	Other income	353700000	537200000
	Total income	10168600000	33329900000
2	Expenses
(a)	Cost of materials consumed	832500000	3187600000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	1612300000	6042000000
(e)	Finance costs	28200000	113200000
(f)	Depreciation, depletion and amortisation expense	722200000	2973000000
(f)	Other Expenses
1	Other Expenses	3423900000	11674800000
	Total other expenses	3423900000	11674800000
	Total expenses	6619100000	23990600000
3	Total profit before exceptional items and tax	3549500000	9339300000
4	Exceptional items	0	0
5	Total profit before tax	3549500000	9339300000
6	Tax expense
7	Current tax	841900000	2124700000
8	Deferred tax	67100000	230500000
9	Total tax expenses	909000000	2355200000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	2640500000	6984100000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	2640500000	6984100000
17	Other comprehensive income net of taxes	9400000	9300000
18	Total Comprehensive Income for the period	2649900000	6993400000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	2081200000	2081200000
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve		108399600000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	1.27	3.36
	Diluted earnings (loss) per share from continuing operations	1.27	3.35
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	1.27	3.36
	Diluted earnings (loss) per share from continuing and discontinued operations	1.27	3.35
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		'# The figures for the 3 months ended 31.03.2025 and corresponding 3 months ended 31.03.2024 are the balancing figures between the figures in respect of the period from 01.04.2024 to 31.03.2025 (Previous Period: 28.07.2023 to 31.03.2024) and the year to date figures upto the third quarter of the respective periods.

Remarks
Debt equity ratio	Debt ratios are not relevant for the Company as there are no borrowings as on 31st March 2025.
Debt service coverage ratio	Debt ratios are not relevant for the Company as there are no borrowings as on 31st March 2025.
Interest service coverage ratio	Debt ratios are not relevant for the Company as there are no borrowings as on 31st March 2025.

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	56612500000
	Capital work-in-progress	428300000
	Investment property
	Goodwill	0
	Other intangible assets	139200000
	Intangible assets under development	19200000
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	45355600000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	28600000
	Total non-current financial assets	45384200000
	Deferred tax assets (net)	0
	Other non-current assets	3016200000
	Total non-current assets	105599600000
2	Current assets
	Inventories	374600000
	Current financial asset
	Current investments	800000000
	Trade receivables, current	1887600000
	Cash and cash equivalents	226900000
	Bank balance other than cash and cash equivalents	14776500000
	Loans, current	2100000
	Other current financial assets	611100000
	Total current financial assets	18304200000
	Current tax assets (net)	0
	Other current assets	943300000
	Total current assets	19622100000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	125221700000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	2081200000
	Other equity	108399600000
	Total equity attributable to owners of parent	110480800000
	Non controlling interest
	Total equity	110480800000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	1369500000
	Total non-current financial liabilities	1369500000
	Provisions, non-current	251800000
	Deferred tax liabilities (net)	4164100000
	Deferred government grants, Non-current	0
	Other non-current liabilities	102300000
	Total non-current liabilities	5887700000
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	133900000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	3662700000
	Total Trade payable	3796600000
	Other current financial liabilities	1169100000
	Total current financial liabilities	4965700000
	Other current liabilities	3722700000
	Provisions, current	92500000
	Current tax liabilities (Net)	72300000
	Deferred government grants, Current	0
	Total current liabilities	8853200000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	14740900000
	Total equity and liabilites	125221700000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block
Textual Information(1)	Other Non - Current Assets include Right of Use Assets of Rs. 182.30 Crores, Other Non - Current Financial Liabilities include Lease Liability of Rs. 126.00 Crores and Other Current Financial Liabilities include Rs. 0.58 Crores of Lease Liability

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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments	Textual Information(2)

Text Block
Textual Information(2)	The Company operates in only one segment, i.e. 'Hotel Services'. nThe Company is not reliant on revenues from transactions with any single external customer and does not receive 10% or more of its revenues from transactions with any single external customer

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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurements of the defined benefit plans	12600000	12400000
	Total Amount of items that will not be reclassified to profit and loss	12600000	12400000
2	Income tax relating to items that will not be reclassified to profit or loss	3200000	3100000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income	9400000	9300000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			9339300000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			113200000
	Adjustments for decrease (increase) in inventories			-59800000
	Adjustments for decrease (increase) in trade receivables, current			-560500000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			80700000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-31300000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			2973000000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-24900000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			2400000
	Adjustments for dividend income			32100000
	Adjustments for interest income			458200000
	Adjustments for share-based payments			1300000
	Adjustments for fair value losses (gains)			-42800000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			48200000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			2009200000
	Net cash flows from (used in) operations			11348500000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			2051500000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			9297000000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			3349800000
	Other cash receipts from sales of equity or debt instruments of other entities			12548700000
	Other cash payments to acquire equity or debt instruments of other entities			30746700000
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			31500000
	Purchase of property, plant and equipment			2064000000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			1900000
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			32100000
	Interest received			201000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-23345300000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			0
	Payments of lease liabilities			3300000
	Dividends paid			0
	Interest paid			113200000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			14366100000
	Net cash flows from (used in) financing activities			14249600000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			201300000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			201300000
	Cash and cash equivalents cash flow statement at beginning of period			25600000
	Cash and cash equivalents cash flow statement at end of period			226900000