Taj GVK Hotels & Resorts has reported a strong financial performance for the third quarter ended December 31, 2024, marking significant growth across key metrics. The company's results reflect a robust performance in the hospitality sector.

Financial Highlights

The company's standalone revenue from operations for Q3 FY 2024-25 stood at ₹126.94 crores, representing a significant 14.2% increase compared to ₹111.13 crores in the same quarter of the previous fiscal year. Net profit after tax saw a substantial rise of 39.9%, reaching ₹33.91 crores, up from ₹24.23 crores year-over-year.

Nine-Month Performance

The company's performance over the first nine months of FY 2024-25 has been equally impressive:

• Revenue from operations reached ₹324.92 crores, up from ₹292.15 crores in the previous year
• Net profit after tax grew to ₹66.31 crores from ₹48.51 crores
• Basic earnings per share improved to ₹10.57

Operational Updates

Taj GVK Hotels & Resorts invested ₹1.92 crores during the quarter on renovating guest rooms and public areas at Taj Deccan and Taj Krishna Hyderabad, demonstrating a commitment to maintaining and improving its properties.

Regulatory Matters

The company received a demand notice of ₹3.64 crores from Telangana State Southern Power Distribution Company for cross-subsidy charges. In response, Taj GVK Hotels has obtained a stay order from the High Court of Telangana and made provisions for this amount in the second quarter of the fiscal year.

Outlook

The robust Q3 results and the strong nine-month performance suggest that Taj GVK Hotels & Resorts is experiencing positive momentum in its operations. The significant increases in revenue and profitability indicate a healthy demand for the company's hospitality services and effective cost management.

As the hospitality sector continues to evolve, Taj GVK Hotels' investment in property renovations and its proactive approach to regulatory challenges position it well for sustained growth in the coming quarters.

Taj GVK Hotels & Resorts Limited has announced a change in the schedule for its upcoming Board of Directors meeting. The company, known for its presence in the hospitality sector, has rescheduled the meeting to review its financial performance for the second quarter of the fiscal year 2025-26.

Key Details of the Rescheduled Meeting

Trading Window Closure

In compliance with regulatory requirements, Taj GVK Hotels & Resorts has also announced that its trading window for securities will remain closed. This closure will extend until 48 hours after the declaration of the financial results, adhering to the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal code of conduct.

Corporate Governance Measures

The rescheduling of the board meeting and the closure of the trading window demonstrate Taj GVK's commitment to corporate governance and transparency. These measures are designed to prevent insider trading and ensure fair disclosure of financial information to all stakeholders.

Investor Implications

Investors and market analysts following Taj GVK Hotels & Resorts Limited should take note of this change in schedule. The financial results to be discussed in this meeting will provide insights into the company's performance during the second quarter and half year ended September 30, 2025.

Stakeholders are advised to await the official announcement of the financial results, which will offer a view of the company's financial health and operational performance for the specified period.