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IHCL Posts Record FY26 as Q4 Revenue Figures Differ Across Disclosures

A larger cash buffer plus an AAA+ rating signal durable growth.

Overview

  • IHCL reported all-time high full-year results with consolidated revenue of Rs 9,971 crore, EBITDA of Rs 3,477 crore and profit after tax of Rs 2,084 crore for FY2025-26.
  • The company posted a Q4 consolidated net profit of Rs 645.43 crore, while Q4 revenue appeared in two versions at Rs 2,765.29 crore in a regulatory filing and Rs 2,845 crore in company commentary.
  • The Board proposed a dividend of Rs 3.25 per share, which will require shareholder approval at the upcoming annual meeting.
  • Management highlighted a strong balance sheet with gross cash of Rs 4,345 crore and said ICRA upgraded IHCL’s credit rating to AAA+.
  • The portfolio continued to scale with three new brands, 250 hotel signings and a total of 630 hotels, supported by gains in room rates, catering, new businesses and management fees.