- Shares of ITC Hotels Ltd. fell nearly 5% on July 16 following Q1FY27 results
- ITC Hotels reported a 35.5% year-on-year rise in consolidated net profit for Q1FY27
- Net profit for Q1FY27 stood at Rs 180 crore, up from Rs 133 crore last year
Shares of ITC Hotels Ltd. dropped nearly 5% on Thursday, July 16, after the luxury hotel conglomerate announced its April-June quarter results for fiscal 2025-26 (Q1FY27). ITC Hotels reported a strong performance for Q1FY27, with the consolidated net profit rising 35.5% year-on-year to Rs 180 crore, compared to Rs 133 crore in the corresponding quarter last year.
Shares of ITC Hotels opened at Rs 185 against a previous close of Rs 183.49 and extended losses by upto 5% to hit an intraday low of Rs 173.20 apiece on the NSE. Shares of ITC Hotels last traded 5.17% lower at Rs 174.01 apiece on the NSE. This compares to a 0.2% decline in the Nifty 50 benchmark. The stock has lost 5% in the last one week but gained over 10% in one month. The company commands a market cap of Rs 36,243.79 crore, according to stock exchange data.
ALSO READ: ITC Hotels Q1 Result: Net Profit Rises 35% To Rs 180 Crore, Revenue Up 15%
ITC Hotels Share Price Intraday
ITC Hotels Q1 Results
ITC Hotels reported a strong performance in the first quarter of current fiscal, with the consolidated net profit rising nearly 35.5% to Rs 180 crore, as compared to Rs 133 crore in the corresponding period last year. The hospitality company's consolidated revenue grew 14.8% YoY to Rs 936 crore from Rs 816 crore a year earlier. ITC Hotels was demerged from ITC Ltd.
The operating performance also improved during the quarter. Ebitda increased 19.5% YoY at Rs 292 crore, against Rs 245 crore in the year-ago period. Consequently, the Ebitda margin expanded to 31.2% as compared to 30% in the same quarter last year. Meanwhile, other income rose to Rs 58.5 crore from Rs 44.2 crore in the corresponding period of the previous fiscal year.
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