TTT NEWS NETWORK
HYDERABAD | 13 NOVEMBER 2026
KRISHNA GVK Luxury Hotels Limited has announced its standalone financial results for the second quarter and half year ended September 30, 2026. The company recorded a 3.83% growth in topline revenue during the first half of the 2026–27 financial year, navigating ongoing geopolitical challenges in West Asia.
Commenting on the performance, Joint Managing Director Krishna R Bhupal noted that the second-quarter revenue figures are not directly comparable to the corresponding period last year. This variance is attributed to dividend income received from its subsidiary, Green Woods Palaces and Resorts Pvt Ltd, during the current financial year.
Despite steady operational growth, the company’s profit after tax (PAT) declined to Rs. 57.20 crore. Bottom-line performance was weighed down by rising fuel costs, alongside increased property taxes and liquor licence fees at its Taj Chandigarh and Taj Club House, Chennai properties.
In line with its commitment to enhancing guest experiences, the company also completed the renovation and refurbishment of the remaining 24 rooms at Taj Deccan in Hyderabad during the quarter under review.
KRISHNA GVK Luxury Hotels Limited has announced its consolidated financial results for the second quarter and half year ended September 30, 2026. For Q2 FY 2026-27, the company reported a consolidated revenue of ₹137.31 crore, compared to ₹109.33 crore in the corresponding quarter of the previous fiscal year. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) stood at ₹55.81 crore against ₹35.79 crore in Q2 FY 2025-26, while Profit After Tax (PAT) reached ₹38.53 crore compared to ₹23.51 crore in the same period last year.
For the half-year period (H1 FY 2026-27), the company recorded a consolidated revenue of ₹246.73 crore, up from ₹237.62 crore in H1 FY 2025-26. Half-yearly EBITDA stood at ₹86.12 crore compared to ₹89.55 crore in the previous year, while PAT was reported at ₹57.20 crore against ₹59.73 crore in H1 FY 2025-26. The company noted that the consolidated figures for the current periods are not directly comparable to the prior year because previous results were disclosed under the equity method of consolidation. Following the acquisition of an additional 2.01% stake in its subsidiary on February 10, 2026, the current numbers are consolidated on a line-by-line basis in accordance with Ind AS guidelines.
The company’s subsidiary, Greenwoods Palaces and Resorts Private Limited, which operates Taj Santacruz in Mumbai, posted steady growth across both periods. In Q2 FY 2026-27, the subsidiary generated revenue of ₹54.20 crore, up from ₹50.69 crore in the year-ago quarter, with EBITDA rising to ₹18.10 crore from ₹17.64 crore and PAT increasing to ₹10.99 crore from ₹8.29 crore. For H1 FY 2026-27, Greenwoods Palaces and Resorts reported revenue of ₹110.89 crore compared to ₹105.14 crore in the previous year, alongside an EBITDA of ₹38.97 crore against ₹38.27 crore and a PAT of ₹23.97 crore compared to ₹18.22 crore.
Looking ahead to upcoming expansion milestones, the management announced that Taj Yelahanka in Bengaluru is scheduled to open for commercial operations on November 20, 2026. Describing the launch as a significant addition to its luxury portfolio and room inventory, the company stated that the new property marks the official entry of KRISHNA GVK Luxury Hotels Limited into the Bengaluru hospitality market and aligns with its long-term growth strategy.
KRISHNA GVK Luxury Hotels Limited reported strong top-line growth for the second quarter of FY27, with revenue rising 54.18% year-on-year to ₹168.56 crore, up from ₹109.33 crore in Q2 FY26. Operating profit (EBITDA) increased by 42.41% to ₹50.97 crore compared to ₹35.79 crore in the corresponding period last year. However, profit after tax (PAT) saw a marginal decline of 3.63%, settling at ₹26.55 crore against ₹27.55 crore in Q2 FY26.
For the first half of FY27 (H1 FY27), the hospitality company posted a 53.93% surge in revenue to ₹334.67 crore, compared to ₹217.41 crore in H1 FY26. Half-yearly EBITDA grew 47.32% to ₹102.15 crore from ₹69.34 crore a year ago, while profit after tax climbed 8.74% to reach ₹58.21 crore against ₹53.53 crore in the previous year.
Commenting on the company’s roadmap, Krishna R Bhupal, Jt. MD stated that it remains committed to driving long-term growth through a balanced strategy of organic developments, asset enhancements, and strategic acquisitions. The company is actively evaluating inorganic expansion opportunities to secure faster access to high-demand markets, while maintaining strict financial discipline, operational efficiency, and return thresholds.
KRISHNA GVK Luxury Hotels Limited owns and operates a portfolio of five properties, comprising Taj Krishna and Taj Deccan in Hyderabad, Vivanta Hyderabad in Begumpet, Taj Club House in Chennai, and Taj Chandigarh. Additionally, the company operates the Taj Santacruz hotel in Mumbai through its subsidiary, Green Woods Palaces and Resorts Private Limited.
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