IHCL net jumps over 50% in Q3, new businesses boost revenue

The company said the profit was after exceptional items, which mainly included a ₹327 crore profit net of tax on the sale of its entire equity stake in a joint venture and a ₹37 crore impact from implementing new labour codes.

The quarter marked the fifteenth consecutive quarter of “record performance” with an Ebitda of ₹1,134 crore and an Ebitda margin of 39.1%, managing director and chief executive Puneet Chhatwal said.

The hotel segment reported ₹2,579 crore revenue, helping the chain post its best-ever segmental quarterly Ebitda of ₹1,050 crore.

Third-quarter revenue growth was supported by a 17% expansion in airline and institutional catering and 31% increase in new businesses, Chhatwal said.

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He said IHCL continued its growth momentum in FY26 with 239 signings, taking its portfolio of 617 hotels, and opened and onboarded 120 hotels, led by ‘strategic’ partnerships and acquisitions.
As per an exchange filing, Roots Corporation (RCL), a wholly-owned subsidiary of IHCL, acquired a 51% stake in ANK Hotels and Pride Hospitality on December 1, 2025, for a total cash consideration of ₹190.5 crore. Under its Accelerate 2030 initiative, the chain expanded its brandscape with the acquisition of a controlling stake in wellness brand Atmantan, entered into definitive agreements to acquire a 51% stake in Brij, a boutique experiential leisure offering, and scaled the Ginger brand with 51% acquisition in ANK & Pride Hospitality.

IHCL had a gross cash balance of ₹3,877 crore as on December 31, he said, adding: “IHCL is well placed to deliver sustained performance enabled by a diversified top line across brands, geographies and contract types.”

He said the chain’s pipeline is as high as the number of rooms in operations.

“IHCL is probably the only company across sectors that is growing and still maintaining an increase in Ebitda and maintaining the Ebitda margins. We are scaling and we are scaling profitably,” he said.