IHCL Fixes June 23 Record Date for ₹3.25 Dividend
The Indian Hotels Company Limited has announced June 23, 2026, as the record date for a ₹3.25 per share dividend, recommended for FY26. The 125th AGM is scheduled for June 30, 2026, via video conferencing. For FY26, consolidated revenue grew 16% YoY to INR 9,971 crores, with profit attributable to owners at INR 2,084 crores. Standalone profit after tax surged to INR 2,012 crores.

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The Indian Hotels Company Limited has fixed Tuesday, June 23, 2026, as the record date to determine shareholder eligibility for the dividend of ₹3.25 per equity share. The payout, recommended for the financial year ended March 31, 2026, includes a special dividend of ₹0.50 per share. If approved by shareholders at the 125th Annual General Meeting (AGM) scheduled for June 30, 2026, the dividend will be paid on and from Friday, July 3, 2026, subject to tax deduction at source.
The 125th AGM will be held on Tuesday, June 30, 2026, at 10:30 a.m. IST through Video Conferencing or Other Audio-Visual Means. Members can attend and participate only through this facility. The company has dispensed with sending physical copies of the Integrated Annual Report; instead, the notice and report will be sent electronically to registered email addresses. Members holding shares in electronic form must ensure their Electronic Bank Mandate is updated with their respective Depository Participants by Friday, June 19, 2026, to facilitate dividend payments.
Consolidated Financial Performance
For the full year FY26, IHCL reported a 16% year-on-year growth in consolidated revenue from operations, which reached INR 9,971 crores. Profit for the period stood at INR 2,247 crores, while profit attributable to owners was INR 2,084 crores. The company achieved an EBITDA of INR 3,477 crores with an EBITDA margin of 34.9%. Basic and Diluted EPS for the year was recorded at ₹14.64.
In the fourth quarter of FY26, consolidated revenue from operations was INR 2,765 crores. Net profit for the quarter stood at INR 645 crores compared to INR 563 crores in the corresponding period of the previous year. EBITDA for Q4 FY26 was INR 1,052 crores with a margin of 37.0%. Basic and diluted EPS (not annualised) for the quarter was ₹4.21.
| Metric | FY26 | FY25 |
|---|---|---|
| Revenue from Operations (₹ lakhs) | 968922 | 833454 |
| Total Income (₹ lakhs) | 997143 | 856500 |
| Profit for the Period (₹ lakhs) | 224725 | 203809 |
| Profit Attributable to Owners (₹ lakhs) | 208438 | 190759 |
| Basic and Diluted EPS (₹) | 14.64 | 13.40 |
Dividend and Tax Deduction Details
Pursuant to the Income Tax Act, 2025, dividend income is taxable in the hands of shareholders. The company will deduct tax at source (TDS) where applicable at the time of payment. For resident shareholders, the TDS rate is 10% with a valid PAN or 20% without a valid PAN. No TDS applies if the dividend does not exceed INR 10,000 during the financial year 2026-27. Non-resident shareholders are subject to a TDS rate of 20% (plus surcharge and cess) or the Double Taxation Avoidance Agreement (DTAA) rate, whichever is lower.
Shareholders must submit necessary documents, such as Form 121 or Tax Residency Certificates, to the Registrar by updating them on the specified link on or before June 19, 2026, to ensure appropriate TDS deduction. The company noted that it is obligated to deduct TDS based on available records and no requests for revision will be entertained later.
Standalone Financial Performance
On a standalone basis, IHCL reported revenue from operations of INR 5,379 crores for FY26. Profit after tax for the year was INR 2,012 crores, a significant increase from the previous year's INR 141 crores. The standalone EBITDA margin expanded to 45.1%. Basic and diluted EPS for the year stood at ₹14.13.
For Q4 FY26, standalone revenue from operations was INR 1,660 crores, with profit after tax reaching INR 558 crores. Basic and diluted EPS (not annualised) for the quarter was ₹3.91.
| Metric | Year Ended 31.03.2026 | Year Ended 31.03.2025 |
|---|---|---|
| Revenue from Operations (₹ lakhs) | 537955 | 491654 |
| Total Income (₹ lakhs) | 564016 | 514509 |
| Profit After Tax (₹ lakhs) | 201194 | 141323 |
| Basic and Diluted EPS (₹) | 14.13 | 9.93 |
Segment Performance
The consolidated results are reported across Hotel Services and Air and Institutional Catering segments. Hotel Services revenue for FY26 was INR 8,486 crores, while Air and Institutional Catering revenue was INR 1,210 crores. The Air & Institutional Catering business (TajSATS) clocked a revenue of INR 1,219 crores, representing 16% growth over the previous year, with an EBITDA margin of 24.2%.
Historical Stock Returns for Indian Hotels Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.60% | +0.51% | +1.51% | -10.03% | -14.79% | +398.82% |
How might IHCL's aggressive expansion strategy and pipeline of new properties impact its EBITDA margins beyond the current 34.9% in FY27 and beyond?
Could the special dividend of ₹0.50 per share signal a shift toward a more shareholder-friendly capital allocation policy, potentially leading to higher or more frequent special payouts in future years?
Given TajSATS's 16% revenue growth and 24.2% EBITDA margin, are there plans to scale the Air & Institutional Catering segment through new airport contracts or international expansion?


































