Hyderabad, February 3, 2025 – TAJGVK Hotels & Resorts Limited (BSE: 532390, NSE: TAJGVK) has announced its unaudited standalone and consolidated financial results for the third quarter (Q3) and nine-month period ended December 31, 2024. The company reported robust revenue growth and strong profitability, reflecting continued recovery and operational efficiency.
Key Financial Highlights (₹ in lakhs)
Standalone Results:
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|---|---|---|---|---|
| Revenue from Operations | 12,694 | 10,517 | 11,113 | 32,492 | 29,215 |
| Total Revenue | 12,866 | 10,737 | 11,193 | 33,073 | 29,420 |
| Total Expenses | 8,282 | 8,152 | 7,731 | 23,625 | 22,445 |
| Profit Before Tax (PBT) | 4,584 | 2,585 | 3,462 | 9,448 | 6,995 |
| Profit After Tax (PAT) | 3,389 | 1,965 | 2,421 | 6,625 | 4,855 |
| Earnings Per Share (EPS) – Basic | 5.40 | 3.13 | 3.86 | 10.57 | 7.74 |
✔ QoQ Growth in Revenue: 20.7% increase from Q2 FY25 to Q3 FY25
✔ PAT Growth: 40% YoY increase in Q3, with nine-month profit surging 36.4%
Consolidated Results:
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|---|---|---|---|---|
| Revenue from Operations | 12,694 | 10,517 | 11,113 | 32,492 | 29,215 |
| Total Revenue | 12,866 | 10,737 | 11,193 | 33,073 | 29,420 |
| Total Expenses | 8,282 | 8,152 | 7,731 | 23,625 | 22,445 |
| Profit Before Tax (PBT) | 4,584 | 2,585 | 3,462 | 9,448 | 6,995 |
| Profit After Tax (PAT) | 4,118 | 2,423 | 3,077 | 8,239 | 6,149 |
| Earnings Per Share (EPS) – Basic | 6.57 | 3.86 | 4.91 | 13.14 | 9.81 |
✔ Consolidated PAT saw a 33.9% YoY growth in Q3, with 9M PAT increasing by 34%
Operational & Strategic Highlights
- Renovation Investments:
- The company invested ₹192 lakhs in Q3 and ₹822 lakhs for the nine-month period to renovate Taj Deccan and Taj Krishna Hyderabad as part of its strategy to enhance premium offerings.
- Regulatory Developments:
- Demand Notice from TSSPDCL: The company received a demand notice for ₹364 lakhs from Telangana State Southern Power Distribution Company Ltd. for past electricity cross-subsidy charges. A petition has been filed in the Hon’ble High Court of Telangana challenging the demand.
- Segmental Performance & Expansion:
- TAJGVK operates exclusively in the hospitality sector and continues to focus on premium and luxury segments.
- No new segment-wise financial disclosures were required under Indian Accounting Standard (AS) 108.
Management Commentary
G. Indira Krishna Reddy, Managing Director, TAJGVK Hotels & Resorts Limited, stated:"We are pleased with the sustained revenue growth and improved profitability in Q3 FY25. Our continued investments in property renovations and premium hospitality offerings are driving strong customer satisfaction and financial performance. With robust demand in the hospitality sector, we remain optimistic about our growth trajectory for the coming quarters."
Outlook & Growth Strategy
- Robust Revenue Trends: The hospitality sector continues to benefit from high occupancy rates, strong average daily rates (ADR), and increased corporate travel.
- Strategic Expansion: TAJGVK remains focused on enhancing its luxury hospitality portfolio, leveraging the Taj brand's premium positioning.
- Operational Efficiency & Cost Management: The company has demonstrated effective cost control, ensuring sustainable margin growth.