Mumbai, July 16
ITC Hotels on Wednesday reported a 48 per cent quarter-on-quarter (QoQ) drop in its net profit at Rs 133 crore in Q1, compared to Rs 257 crore in Q4 FY25.
Revenue from operations also declined by over 23 per cent, dropping from Rs 1,060.62 crore in the March quarter to Rs 815.54 crore in the June quarter, according to its stock exchange filing.
The total income of the company also followed a downward trend, coming in at Rs 859.72 crore in Q1 FY26, down 21.76 per cent from Rs 1,098.81 crore in the preceding quarter.
On year-on-year (YoY) basis, ITC Hotels posted a 54 per cent jump in net profit, rising from Rs 87 crore in Q1 FY25 to Rs 133 crore in Q1 FY26.
Revenue from operations also grew 15.5 per cent annually, up from Rs 706 crore to Rs 816 crore.
This year-on-year growth helped boost investor confidence, with the company’s shares rising nearly 4 per cent to an intra-day high of Rs 237 on the National Stock Exchange (NSE).
During the quarter, the hotel business alone brought in Rs 801 crore in revenue, up from Rs 690 crore in the same quarter previous year.
However, it declined compared to Rs 1,043 crore in the previous quarter. The company’s real estate segment did not generate any revenue this quarter.