IHCL Q2 FY27: Revenue Up 21% to ₹2,566 Cr, PAT Up 23% to ₹349 Cr; Upgrades FY27 Revenue Guidance
IHCL reported Q2 FY27 consolidated revenue of ₹2,566 Cr, up 21%, and PAT of ₹349 Cr, up 23%. Standalone revenue grew 26% to ₹1,336 Cr, with PAT up 36% to ₹393 Cr. The company upgraded FY27 revenue guidance to 15-17% growth and announced the merger of OHL with IHCL.
The results show significant financial growth and a positive outlook with upgraded guidance. The merger announcement is a major corporate action that will impact the company's structure and future growth prospects.
The company reported strong year-on-year growth in revenue and profit for Q2 FY2027, exceeding expectations and upgrading its future revenue guidance. The expansion of its hotel portfolio and the announcement of a merger also contribute positively.
The Indian Hotels Company Limited (IHCL) announced its consolidated financial results for the second quarter and half-year ending September 30, 2026. The company achieved its eighteenth consecutive record quarter, reporting a consolidated revenue of ₹2,566 crores, a 21% increase year-on-year. EBITDA stood at ₹788 crores with a margin of 30.7%, and Profit After Tax (PAT) was ₹349 crores, up 23%.
The revenue drivers included a 25% rise in RevPAR from domestic same-store hotels, a 25% increase in management fee income due to new openings, 25% revenue growth in the Select Service Business, and contributions from recent acquisitions of Brij and Atmantan. IHCL also upgraded its Consolidated Revenue guidance for FY2027 from 12-14% growth to 15-17% growth, with hotel segment revenue expected to grow by 17-19%.
On a standalone basis, IHCL reported an operating revenue of ₹1,336 crores, up 26% year-on-year, with operating EBITDA of ₹520 crores, up 40%. This resulted in a strong operating EBITDA margin of 38.9% and PAT of ₹393 crores, an increase of 36%. The standalone performance was boosted by a 28% RevPAR growth in full-service same-store hotels.
IHCL's portfolio expanded to 670 hotels, with 47 signings in the first half of FY2027 and a pipeline of 280 hotels. The company opened 20 hotels in H1, bringing the operating portfolio to 390 hotels. Notably, Ginger opened its 100th operating hotel.
Additionally, the company announced the merger of OHL with IHCL, which is expected to simplify group holding structure and accelerate long-term revenue growth. The Scheme has been filed with the Stock Exchanges with an Appointed Date of April 1, 2027.
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The Indian Hotels Company Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by The Indian Hotels Company Limited. Read the original for the full detail.