IHCL has reported its consolidated financials for the second quarter and half year ending September 30, 2026
Puneet Chhatwal, Managing Director & CEO, IHCL, said, “Q2 FY2027 marks the eighteenth consecutive record quarter with a Consolidated Revenue of INR 2,566 crores, up 21% over the previous year. For the quarter EBITDA stood at INR 788 crores with EBITDA margin at 30.7% and PAT of INR 349 crores, up 23%. This consistent performance is a testament to IHCL’s scalable and diversified operating model, which enables robust growth while preserving margin strength.
The operating revenue and operating EBITDA grew by 22% and 24% respectively with a margin expansion of 50 basis points. The revenue drivers were rise of 25% in RevPAR from domestic same store hotels, 25% increase in management fee income led by new openings momentum, 25% revenue growth in Select Service Business and the contribution from our recent acquisitions of Brij and Atmantan.
He added, “With 47 signings in the first half across the brandscape, IHCL today is a portfolio of 670 hotels and is set to achieve its guidance under Accelerate 2030 of a 700-hotel portfolio well ahead of time. Building on its first-half performance, IHCL is upgrading its Consolidated Revenue guidance from 12-14% to 15-17% growth for FY2027 led by 17-19% hotel segment revenue with seasonally strong quarters ahead, high demand from social and MICE events and our strong non-like-for-like growth.”
Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL, said, “In Q2 FY2027, IHCL Standalone reported an operating Revenue of INR 1,336 crores, 26% over the previous year, operating EBITDA of INR 520 crores, up 40%, driving a strong operating EBITDA margin of 38.9%, an expansion of 400 basis points and a PAT of INR 393 crores, an increase of 36%.
The performance in the quarter in the standalone entity was bolstered by RevPAR growth of 28% in full-service same store hotels led by marquee events in the capital and contribution from renovated assets in key markets of Goa, Delhi, Bengaluru and Udaipur. Maintaining a strong balance sheet, IHCL Consolidated reported a gross cash of INR 4,369 crores as on September 30th, 2026.”
He added, “In the quarter, we also announced merger of OHL with IHCL, which will simplify group holding structure, expand asset management opportunities 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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