TAJ GVK Reports ₹202.07 Crore Revenue in H1 FY25 Earnings, Announces New Bengaluru Hotel

TAJ GVK Hotels & Resorts Ltd has reported its financial results for the second quarter and half year ending September 30, 2024. 

Q2 FY 2025 Financial Highlights

In the quarter ending September 30, 2024 (Q2 FY25), TAJ GVK reported revenue of ₹107.37 crore, up from ₹90.46 crore in Q2 FY24. This marks a considerable increase, reflecting the company’s growing demand and brand strength. EBITDA also saw substantial growth, rising to ₹31.67 crore from ₹22.66 crore, indicating enhanced profitability. PAT for the quarter rose significantly to ₹19.65 crore from ₹11.13 crore in the same quarter of the previous year.

H1 FY 2025 Financial Highlights

For the half-year period ending September 30, 2024 (H1 FY25), TAJ GVK reported revenue of ₹202.07 crore, a growth from ₹182.27 crore in H1 FY24. The EBITDA for the half-year rose to ₹60.26 crore from ₹49.05 crore, showing the company’s sustained efficiency in operations. PAT also rose, reaching ₹32.36 crore compared to ₹24.34 crore in the previous year’s half-year period. 

Other Key Updates

TAJ GVK also updated on its ongoing expansion, with a new 253-room Taj hotel under construction in Yelahanka, Bengaluru. This property is expected to open by the last quarter of FY26, further expanding TAJ GVK’s portfolio and market presence in one of India’s major cities.

Green Woods Palaces & Resorts Private Limited, the joint venture company operating Taj Santacruz, Mumbai, also showed growth. In Q2 FY25, the JV reported revenue of ₹52.66 crore, an 8% increase from ₹48.40 crore in Q2 FY24. EBITDA for the JV rose slightly to ₹20.93 crore from ₹20.60 crore, while PAT increased substantially to ₹9.35 crore from ₹6.37 crore. For the half-year period, revenue grew by 8%, reaching ₹105.70 crore, up from ₹98.28 crore in H1 FY24. EBITDA for H1 FY25 stood at ₹42.13 crore, and PAT surged by 39% to ₹18.07 crore compared to ₹13.01 crore in the previous year’s first half.

On November 5, 2024, TAJ GVK Hotels & Resorts share price opened at ₹329.00, touching the day’s high at ₹338.40, as of 9:42 AM on the NSE.

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