In short: Indian Hotels' Q2 FY27 revenue rose 21.7% to ₹2,484 crore from a year earlier, and net profit rose 22.7% to ₹349 crore. EBITDA margin was 30.7%. IHCL raised its full-year revenue growth guidance to 15–17%, from 12–14%.
What changed in Indian Hotels' Q2 FY27 results
- Revenue from operations was ₹2,484 crore, up 21.7% from a year earlier and up 6.2% from the previous quarter.
- Net profit was ₹349 crore, up 22.7% from a year earlier and down 2.3% from the previous quarter.
- EBITDA was ₹788 crore, up 20.7% from a year earlier.
- EBITDA margin was 30.7%, down 10 bps from a year earlier.
- IHCL now expects FY27 consolidated revenue to grow 15–17%, with hotel segment revenue up 17–19%. Previously: 12–14% consolidated revenue growth.
Indian Hotels Q2 FY27 results at a glance
| Q2 FY27 | Q1 FY27 | Q2 FY26 | QoQ | YoY | |
|---|---|---|---|---|---|
| Revenue (₹ crore) | 2,484 | 2,339 | 2,041 | +6.2% | +21.7% |
| EBITDA (₹ crore) | 788 | – | 653 | – | +20.7% |
| Net profit (₹ crore) | 349 | 358 | 285 | −2.3% | +22.7% |
| EBITDA margin | 30.7% | – | 30.8% | – | −10 bps |
Genvest analysis
IHCL's press release headlines revenue of ₹2,566 crore. That is total income, which includes ₹82 crore of other income; revenue from operations, the figure on this page, was ₹2,484 crore, up 21.7% from a year earlier.
EBITDA rose 20.7% to ₹788 crore, and its margin was 30.7% against 30.8% a year earlier. Excluding other income, the company's operating EBITDA rose 24% to ₹706 crore and its margin widened 50 bps to 28.4%, according to its presentation.
The company attributes the growth to a 25% rise in revenue per available room (RevPAR) at its domestic same-store hotels, 25% higher management fees from new openings, 25% growth in its select-service business, and its acquisitions of Brij and Atmantan. Net profit was 2.3% lower than in the June quarter.
IHCL signed 47 hotels in the first half and opened 20, taking its portfolio to 670 hotels, of which 390 are operating and 280 are in the pipeline. In the quarter it also announced a scheme to merge Oriental Hotels (OHL), an associate company, into itself, subject to NCLT and other approvals, with an appointed date of 1 April 2027.
What Indian Hotels' results mean for fund investors
- Index funds. If the company is in an index such as the Nifty 50 or the Nifty Next 50, index funds that track it hold the company in proportion to its weight in the index.
- Active funds. Whether an active fund holds the company, and how much, is in the fund's monthly portfolio disclosure; a single holding rarely moves a diversified fund much.
- One quarter is one data point. Fund returns depend on many holdings and on valuations over years, not on a single results day.
- Overlap. If you hold several equity funds alongside them, check how concentrated you are with the portfolio analyzer.
Indian Hotels Q2 FY27 results: questions
When did Indian Hotels announce Q2 FY27 results?
Indian Hotels announced its Q2 FY27 results on 21 October 2026.
What was Indian Hotels' Q2 FY27 net profit?
Net profit was ₹349 crore, up 22.7% from a year earlier and down 2.3% from the previous quarter.
What was Indian Hotels' Q2 FY27 revenue?
Revenue from operations was ₹2,484 crore, up 21.7% from a year earlier and up 6.2% from the previous quarter.
Other Q2 FY27 results
- Adani Green Energy Q2 FY27 results · 21 October 2026 · net profit +15.4% YoY
- Indian Hotels Q2 FY27 results · 21 October 2026 · net profit +22.7% YoY
All Q2 FY27 results in one place
Sources
- IHCL: Q2 FY27 financial results, 21 October 2026
- IHCL: Q2 FY27 press release, 21 October 2026
- IHCL: Q2 FY27 investor presentation, 21 October 2026
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