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	Consolidated
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	Multi segment
Description of single segment
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

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	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	10606200000	35598100000
	Other income	381900000	663000000
	Total income	10988100000	36261100000
2	Expenses
(a)	Cost of materials consumed	946100000	3631500000
(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	1819700000	6925100000
(e)	Finance costs	16800000	66400000
(f)	Depreciation, depletion and amortisation expense	998000000	4023500000
(f)	Other Expenses
1	Other Expenses	3717500000	12932700000
	Total other expenses	3717500000	12932700000
	Total expenses	7498100000	27579200000
3	Total profit before exceptional items and tax	3490000000	8681900000
4	Exceptional items	0	0
5	Total profit before tax	3490000000	8681900000
6	Tax expense
7	Current tax	874600000	2207900000
8	Deferred tax	82100000	256300000
9	Total tax expenses	956700000	2464200000
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	2533300000	6217700000
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	45200000	158700000
16	Total profit (loss) for period	2578500000	6376400000
17	Other comprehensive income net of taxes	-354600000	1209400000
18	Total Comprehensive Income for the period	2223900000	7585800000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	2569000000	6345700000
	Total profit or loss, attributable to non-controlling interests	9500000	9500000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	-354100000	1209900000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	-500000	-500000
21	Details of equity share capital
	Paid-up equity share capital	2081200000	2081200000
	Face value of equity share capital	208.12	208.12
27	Details of debt securities
22	Reserves excluding revaluation reserve		104840500000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	1.23	3.05
	Diluted earnings (loss) per share from continuing operations	1.23	3.05
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	1.23	3.05
	Diluted earnings (loss) per share from continuing and discontinued operations	1.23	3.05
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.
Debt service coverage ratio	Debt Ratios are not relevant for the Company as there are no borrowings.
Interest service coverage ratio	Debt Ratios are not relevant for the Company as there are no borrowings.

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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	77916700000
	Capital work-in-progress	1559700000
	Investment property
	Goodwill	169800000
	Other intangible assets	141800000
	Intangible assets under development	19400000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	1170400000
	Non-current financial assets
	Non-current investments	3854400000
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets	103900000
	Total non-current financial assets	3958300000
	Deferred tax assets (net)	38700000
	Other non-current assets	5218200000
	Total non-current assets	90193000000
2	Current assets
	Inventories	12411600000
	Current financial asset
	Current investments	1736800000
	Trade receivables, current	2017700000
	Cash and cash equivalents	787100000
	Bank balance other than cash and cash equivalents	15748500000
	Loans, current	2100000
	Other current financial assets	630600000
	Total current financial assets	20922800000
	Current tax assets (net)
	Other current assets	1235200000
	Total current assets	34569600000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	124762600000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	2081200000
	Other equity	104840500000
	Total equity attributable to owners of parent	106921700000
	Non controlling interest	362700000
	Total equity	107284400000
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	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	1168500000
	Total non-current financial liabilities	1168500000
	Provisions, non-current	278000000
	Deferred tax liabilities (net)	4257300000
	Deferred government grants, Non-current	0
	Other non-current liabilities	167000000
	Total non-current liabilities	5870800000
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	134300000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	4080000000
	Total Trade payable	4214300000
	Other current financial liabilities	1444200000
	Total current financial liabilities	5658500000
	Other current liabilities	5772600000
	Provisions, current	104000000
	Current tax liabilities (Net)	72300000
	Deferred government grants, Current	0
	Total current liabilities	11607400000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	17478200000
	Total equity and liabilites	124762600000
	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. 366.61 Crores and Income Tax Assets (Net) of Rs. 2.72 Crores. Other Non-Current Financial Liabilities include Lease Liabilities of Rs. 72.78 Crores and Other Current Financial Liabilities include Lease Liabilities of Rs. 0.52 Crores

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		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Hotels	10428100000	34919500000
2	Real Estate	0	0
3	Others	116200000	414500000
	Total Segment Revenue	10544300000	35334000000
	Less: Inter segment revenue	21900000	21900000
	Revenue from operations	10522400000	35258600000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Hotels	3130300000	8026600000
2	Real Estate	-21700000	-39200000
3	Others	11000000	127700000
	Total Profit before tax	3119600000	8115100000
	i. Finance cost	16800000	16800000
	ii. Other Unallocable Expenditure net off Unallocable income	-432400000	-432400000
	Profit before tax	3535200000	8840600000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Hotels	87069900000	87069900000
2	Real Estate	13404500000	13404500000
3	Others	1337600000	1337600000
	Total Segment Asset	101812000000	101812000000
	Un-allocable Assets	22950600000	22950600000
	Net Segment Asset	124762600000	124762600000
4	Segment Liabilities
	Segment Liabilities
1	Hotels	11178800000	11178800000
2	Real Estate	1440500000	1440500000
3	Others	529200000	529200000
	Total Segment Liabilities	13148500000	13148500000
	Un-allocable Liabilities	4329700000	4329700000
	Net Segment Liabilities	17478200000	17478200000
	Disclosure of notes on segments	Textual Information(2)

Text Block

Textual Information(2)

'# 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. n nThe 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 nOther unallocable income (net of unallocable expenses) is, net of share of profit/loss of Associates and Joint Ventures

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	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	10000000	8000000
	Total Amount of items that will not be reclassified to profit and loss	10000000	8000000
2	Income tax relating to items that will not be reclassified to profit or loss	2400000	2300000
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	362200000	-1203700000
5	Total Other comprehensive income	-354600000	1209400000

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			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			8681900000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			66400000
	Adjustments for decrease (increase) in inventories			-1590100000
	Adjustments for decrease (increase) in trade receivables, current			-551900000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			5400000
	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			-2287900000
	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			4023500000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			2414900000
	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			0
	Adjustments for dividend income			0
	Adjustments for interest income			559300000
	Adjustments for share-based payments			1300000
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			64100000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-107300000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			1479100000
	Net cash flows from (used in) operations			10161000000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			2126500000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			8034500000
	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			0
	Other cash receipts from sales of equity or debt instruments of other entities			14131500000
	Other cash payments to acquire equity or debt instruments of other entities			32688300000
	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			41400000
	Purchase of property, plant and equipment			3859300000
	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			0
	Interest received			315400000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-22057400000
	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			2900000
	Dividends paid			0
	Interest paid			66400000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			14366100000
	Net cash flows from (used in) financing activities			14296800000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			273900000
	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			273900000
	Cash and cash equivalents cash flow statement at beginning of period			493200000
	Cash and cash equivalents cash flow statement at end of period			767100000