IHCL Q2FY27 Results: Revenue up 22% to ₹2,484 Cr, EBITDA up 24% to ₹706 Cr; Upgrades Full Year Guidance
IHCL reported Q2FY27 consolidated revenue of ₹2,484 Cr (up 22%) and EBITDA of ₹706 Cr (up 24%). Standalone revenue rose 26% to ₹1,336 Cr, with EBITDA up 40% to ₹520 Cr. The company upgraded its full-year revenue guidance to 15-17%. IHCL also announced the acquisition of 7 hotels from OHL.
The strong financial results, upgraded guidance, and significant acquisition are material events that are expected to have a substantial impact on the company's future performance and investor perception.
The company reported strong year-on-year growth in revenue and EBITDA for Q2FY27, upgraded its full-year guidance, and announced a strategic acquisition, all indicating positive performance and outlook.
The Indian Hotels Company Limited (IHCL) announced its unaudited (reviewed) standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company presented an investor presentation on October 21, 2026, detailing its strong performance and future outlook.
For the second quarter of FY27, IHCL reported a consolidated operating revenue of ₹2,484 crore, marking a significant increase of 22% year-on-year. Operating EBITDA also saw a substantial rise of 24% to ₹706 crore. On a standalone basis, operating revenue grew by 26% to ₹1,336 crore, with operating EBITDA surging by 40% to ₹520 crore. The company highlighted a record hotel segment performance, with consolidated operating revenue up 21% to ₹2,204 crore and operating EBITDA up 24% to ₹706 crore. Standalone hotel segment revenue increased by 25% to ₹1,336 crore, and operating EBITDA rose by 26% to ₹655 crore.
IHCL is upgrading its full-year revenue outlook to 15-17% year-on-year for total revenue and 17-19% for consolidated hotel revenue, driven by continued momentum. The company's diversified pipeline of 280 hotels across brands and contract types, along with strategic asset management and upgrades, positions it for resilience and growth. The company also announced the strategic acquisition of OHL's portfolio of 7 hotels and 825 keys, strengthening its presence across Southern India. This transaction is expected to drive a 6-7% operating revenue and EBITDA increase in standalone financials for FY28.
The presentation underscored the company's strong market share gains, with domestic hotel segment demand contributing significantly, reflected in a 28% year-on-year increase in standalone RevPAR. The company is also focusing on scaling its select service business, aiming for 400 operational hotels by Q3FY27 and 50 openings in FY27. The company maintains a robust balance sheet with over ₹4,350 crore in cash and a credit rating upgrade to AAA.
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