Indian Hotels Results Analysis-Q1FY26

Operating Revenue for Q1FY26 is Rs. 2,041 Crs., 31.7% growth YoY, Total Income is Rs. 2,102 Crs., 31.7% growth YoY, Op. EBITDA is Rs. 576 Crs., 28.1% growth YoY, Op. EBITDA Margin is 28.22% decreased by 78 Basis points YoY, PBT Rs. 440 Crs., 33.9% growth YoY, PAT Rs. 329 Crs., 26.6% growth YoY. On QoQ basis Op. Revenue is down by 16%, Total Income is down by 15.5%, Op. EBITDA is down by 32.8%, PBT is down by 38.9% and PAT is down by 41.5%. Strong performance in Q1 FY26 despite disruptions in May’25, Portfolio expands to 392+ hotels; 249 operational and 143 in pipeline.