Interim report
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26th October, 2026 The Manager The General Manager Listing Department Dept. of Corporate Services National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza P. J. Towers Plot No. C-1, G Block Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East) Mumbai 400 051 Dear Sirs, Unaudited Financial Results for the Quarter and Six months ended 30th September, 2026 Further to our letter dated 19th October, 2026, we enclose, in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the following, as approved / noted by the Board of Directors of the Company at the meeting held today i.e., 26th October, 2026: (i) Approved the Unaudited Financial Results of the Company, both Standalone and Consolidated, for the Quarter and Six Months ended 30th September, 2026; (ii) Approved the Unaudited Segment -wise Revenue, Results, Assets and Liabilities (Consolidated), for the Quarter and Six Months ended 30th September, 2026; (iii) Approved the Unaudited Balance Sheet, both Standalone and Consolidated, as at 30th September, 2026; (iv) Approved the Unaudited Statement of Cash Flows, both Standalone and Consolidated, for the Six Months ended 30th September, 2026; and (v) Noted the Limited Review Reports from the Statutory Auditors of the Company, Messrs. S. R. Batliboi & Co. LLP, Chartered Accountants, on the aforesaid Standalone and Consolidated Financial Results. The Board Meeting commenced at 12:35 p.m. and concluded at 1:20 p.m. Yours faithfully ITC Hotels Limited Diwaker Dinesh Company Secretary Encl.: As above
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)l 1TC HOTELS LIMITED Statement of Unaudited Standalone Financial Results for the Quarter and Six Months ended 30th September, 2026 Particulars Gross Revenue from sale of products and services Other operating revenue REVENUE FROM OPERATIONS [(i) + (ii)] OTHER INCOME TOTAL INCOME (1+2) EXPENSES a) Consumption of food, beverage, etc. b) Employee benefits expense c) Finance costs d) Depreciation and amortization expense e) Other expenses TOTAL EXPENSES PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (3-4) EXCEPTIONAL ITEMS PROFIT BEFORE TAX (5+6) TAX EXPENSE a) Current Tax b) Deferred Tax PROFIT FOR THE PERIOD (7-8) OTHER COMPREHENSIVE INCOME (i) Items that will not be reclassified to profit or loss (ii) Income tax relating to items that will not be reclassified to profit or loss TOTAL COMPREHENSIVE INCOME (9+10) PAID UP EQUITY SHARE CAPITAL (Equity Shares of~ 1/- each) OTHER EQUITY EARNINGS PER SHARE (of~ 1/- each) (not annualised) (a) (b) Basic(~) Diluted (~) S.R. Batliboi & Co. LLP, Gurugram for Identification )- (i) (ii) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Corresponding Preceding 3 3 Months 3 Months Months ended ended ended 30.09.2026 30.09.2025 30.06.2026 (Unaudited) (Unaudited) (Unaudited) 878.73 754.43 801.92 5.95 6.48 6.47 884.68 760.91 808.39 52.36 45.16 50.77 937 04 806.07 859.16 80.33 76.15 77.73 181.58 166.54 173.69 2.86 2.83 2.85 72.29 73.37 73.30 322.00 283.82 294.26 659 06 602.71 621 .83 277.98 203.36 237.33 - - - 277.98 203.36 237.33 70.56 51 .73 60.32 67.23 49.28 57.70 3.33 2.45 2.62 207.42 151.63 177.01 1.95 - - 2.61 - - (0.66) - - 209.37 151.63 177.01 208.31 208.27 208.30 1.00 0.73 0.85 1.00 0.73 0.85 (f in Crores) Twelve 6 Months 6 Months Months ended ended ended 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Audited' 1680.65 1491.52 3555.45 12.42 12.98 27.74 1693.07 1504.50 3583.19 103.13 8409 177.32 1796.20 1588.59 3760.51 158.06 147.88 328.97 355.27 334.84 693.74 5.71 5.64 11.33 145.59 146.15 293.66 616.26 549.97 1270.18 1280.89 1184.48 2597.88 515.31 404.11 1162.63 - - (51.30) 515.31 404.11 1111.33 130.88 102.75 282 07 124.93 97.98 277.65 5.95 4.77 4.42 384.43 301 .36 829,26 1.95 (0.82) (17.76) 2.61 (1 .10) (23.73) (0.66) 0.28 5.97 386.38 300.54 811.50 208.31 208.27 208.30 11684.00 1.85 1.44 3.98 1.85 1.44 3.98
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)~ ITC HOTELS LIMITED Balance Sheet Particulars A ASSETS 1 Non-current assets (a) Property, Plant and Equipment (b) Capital work-in-progress (c) Other Intangible assets (d) Intangible assets under development (e) Right-of-use assets (f) Financial Assets (i) Investments (ii) Others (g) Income Tax Assets (Net) (h) Other non-current assets Non-current assets 2 Current assets (a) Inventories (b) Financial Assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank Balances other than (iii) above (v) Loans (vi) Others (c) Other current assets Current assets Total Assets B EQUITY AND LIABILITIES Equity (a) Equity Share capital (b) Other Equity Equity LIABILITIES 1 Non-current liabilities (a) Financial Liabilities (i) Lease liabilities (ii) Other financial liabilities (b) Provisions (c) Deferred tax liabilities (Net) (d) Other non-current liabilities Non-current liabilities 2 Current liabilities (a) Financial Liabilities (i) Lease liabilities (ii) Trade payables Total outstanding dues of micro and small enterprises Total outstanding dues of creditors other than micro and small enterprises (iii) Other financial liabilities (b) Other current liabilities (c) Provisions (d) Current Tax Liabilities (Net) Current liabilities Total Equity and Liabilities S.R. Batliboi & Co. LLP, Gurugram for Identification J. (" in Crores) STANDALONE As at As at current hcllf year end previous year end 30.09.2026 31.03.2026 (Unaudited) (Audited) 5446.41 5530.76 122.13 86.69 12.45 14.98 1.07 0.71 178.61 179.86 5495.21 5123.40 3.53 502.99 8.27 - 469.02 233.31 11736'. 70 11672.70 38.02 40.18 277.61 667.20 206.77 149.11 11.63 31.13 1239.24 700.01 - 0.31 68.39 44.73 106.64 86.51 1948.30 1719.18 13685.00 13391.88 208.31 208.30 11867.47 11684.00 12075.78 11892.30 127.48 127.38 9.08 10.49 3202 32.92 421.47 414.86 23.27 18.09 613.32 603.74 1.17 0.63 15.30 12.58 352.01 345.20 95.62 110 07 473.36 362.16 58.44 59.62 ~ 5.58 995.90 895.84 13685.00 13391.88
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)~ ITC HOTELS LIMITED Standalone Statement of Cash Flows for the half year ended 30th September, 2026 (f in Crores) For the half year ended For the half year ended 30th September , 2026 30th September, 2025 A. Cash Flow from Operating Activities PROFIT BEFORE TAX 515.31 404.11 ADJUSTMENTS FOR Depreciation and amortization expense 145.59 146.15 Share based payments to employees 2.44 0.24 Finance costs 5.71 5.64 Interest Income (87.67) (71.33) Dividend Income (5.52) (3.81) Loss on sale of property, plant and equipment - Net 2.59 1.44 Doubtful and bad debts 0.82 (0.02) Net gain arising on financial instruments measured at fair value (8.63) (7.28) through profit or loss Foreign currency translations and transactions - Net 0.25 55.58 (0.14) 70.89 OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 570.89 475.00 ADJUSTMENTS FOR : Trade receivables , advances and other assets (96.98) 12.95 Inventories 2.16 (3.61) Trade payables, other liabilities and provisions 116.16 21 .34 (49.51) (40.17) CASH GENERATED FROM OPERATIONS 592.23 434.83 Income tax paid (net of refunds) (138.78) (127.66) NET CASH FROM OPERATING ACTIVITIES 453.45 307.17 B. Cash Flow from Investing Activities Purchase of property, plant and equipment, intangibles etc. (339.74) (132.13) Sale of property, plant and equipment 1.34 1.48 Purchase of current investments (2322.26) (955.70) Sale/ redemption of current investments 2775.61 843.58 Investment in subsidiaries (396.39) - Purchase of non-current investments (19.97) (227.56) Dividend received 5.52 3.81 Interest received 36 02 51.85 Redemption I maturity of bank deposits - 77.62 (original maturity more than 3 months) Loans recovered 0.31 0.20 NET CASH (USED IN) INVESTING ACTIVITIES (259.56) (336.85) C. Cash Flow from Financing Activities Proceeds from issue of share capital 1 02 23.23 Principal payment of lease liabilities (0.40) (0.29) Interest paid (5.71) (5.64) Dividend paid (208.30) - NET CASH FROM/ (U~ED IN) FINANCING ACTIVITIES (21'3.39) 17.30 NET DECREASE IN CASH AND CASH EQUIVALENTS (19.50) (12.38) OPENING CASH AND CASH EQUIVALENTS 31.13 22.69 CLOSING CASH AND CASH EQUIVALENTS 11.63 10.31 Notes . 1. The above Statement of Cash Flows has been prepared under the "Indirect Method" as set out in Ind AS - 7 "Statement of Cash Flows". 2. CASH AND CASH EQUIVALENTS : Cash and cash equivalents as per Balance Sheet Less: Unrealised gain/ (loss) on foreign currency cash and cash equivalents Cash and cash equivalents as per Statement of Cash Flows SJt Batliboi & Co. LL[, Gurugrarr for Identification r- 11.63 10.31 11.63 10.31
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Notes: (1) The Unaudited Standalone Financial Results, Balance Sheet and Statement of Cash Flows were reviewed by the Audit Committee, and approved by the Board of Directors of the Company at its meeting hel~ on 26th October, 2026. (2) The Company had, on 1st September 2026, acquired the entire share capital of GHK Hospitality & Infrastructures Limited ('GHK'), consequent to which GHK became a whoily owned subsidiary of the Company with effect from the said date. (3) 88, 115 Equity Shares of ~ 1 /- each were issued and allotted under the ITC Hotels Special Purpose Employee Stock Option Scheme during the quarter ended 30th September, 2026. Consequently, the issued and paid-up Share Capital of the Company stands increased to~ 208,30,64,424/- as on 30th September, 2026. (4) The Company operates only in one segment i.e. 'Hotel Services'. (5) This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Limited Review The Company is required to file its financial results with the relevant stock exchanges as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Accordingly, the financial results have been subjected to Limited Review by the statutory auditors of the Company, who have issued an unmodified conclusion on the same. Registered Office : Virginia House, 37 Jawaharlal Nehru Road, Kolkata 700 071 , India Dated: 26th October, 2026 Place: Hyderabad, India For and on behalf of the Board ~ • Chief Financial Officer Managing Director (DIN: 08073567) Website : www.itchotels .com I Email: investorservices@itchotels.com I Phone: +91-124-41717171 CIN: L55101WB2023PLC263914 S.R. Batliboi & Co. LLP, Gurugram for Identification f i' .
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)l_ 1TC HOTELS LIMITED Statement of Unaudited Consolidated Financial Results for the Quarter and Six Months ended 30th September, 2026 (~ in Crores) Corresponding 3 Preceding 3 Twelve Particulars 3 Months Months Months 6 Months 6 Months Mo~ths ended ended ended ended ended ended 30.09.2026 30.09.2025 30.06.2026 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Gross Revenue from sale of products and services (i) 1047.72 832.04 928.80 1976.52 1640.97 4109.12 Other operating revenue (ii) 6.42 7.44 7.22 13.64 14.05 30.28 REVENUE FROM OPERATIONS [(i)+(ii)] 1 1054.14 839.48 936.02 1990.16 1655.02 4139.40 OTHER INCOME 2 51.90 45.41 58.52 110.42 89.59 191 .94 TOTAL INCOME (1+2) 3 1106.04 884.89 994.54 2100.58 1744.61 4331 .34 EXPENSES a) Consumption of food, beverage, etc. 92.95 86.49 88.92 181.87 168.03 374.24 b) Branded residences development cost 41 .20 21 .81 63.01 138.54 c) Employee benefits expense 206.57 186.61 196.26 402.83 376.63 782.89 d) Finance costs 2.19 1.91 2.00 4.19 3.57 7.93 e) Depreciation and amortization expense 112.45 104.08 104.30 216.75 206.52 416.51 f) Other expenses 375.97 320.63 336.71 712.68 619.94 1419.95 TOTAL EXPENSES 4 831.33 699.72 750.00 1581.33 1374.69 3140.06 SHAR E OF PROFIT/ (LOSS) OF ASSOCIATES AND JOINT VENTURE 5 3.27 3.52 3.66 6.93 7.57 11.87 PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (3-4+5) 6 277.98 188.69 248.20 526.18 377.49 120:!.15 EXCEPTIONAL ITEMS 7 (80.1 7) PROFIT BEFORE TAX (6+7) 8 277.98 188.69 248.20 526.18 377.49 1122.98 TAX EXPENSE 9 75.33 55.40 66.29 141 .62 110.49 301 .72 a) Current Tax 70.98 50.54 61 .94 132.92 101 .92 290.46 b) Deferred Tax 4.35 4.86 4.35 8.70 8.57 11 .26 PROFIT FOR THE PERIOD (8-9) 10 202.65 133.29 181 .91 384.56 267.00 821.26 OTHER COMPREHENSIVE INCOME 11 94.69 83.96 (210.40) (115.71) 53.93 116.09 A (i) Items that will not be reclassified to profit or loss 2.60 (0.03) (0.02) 2.58 (1.16) (23.85) (ii) Income tax relating to items that will not be reclassified to profit or loss (0.66) (0.66) 0.28 5.96 B Items that will be reclassified to profit or loss 92.75 83.99 (210.38) (117.63) 54.81 133.98 TOTAL COMPREHENSIVE INCOME (10+11) 12 297.34 217.25 (28.49) 268.85 320.93 937.35 PROFIT FOR THE PERIOD ATTRIBUTABLE TO: OWN ERS OF THE PARENT 201.02 132.77 180.25 381 .27 265.87 816.89 NON-CONTROLLING INTERESTS 1.63 0.52 1.66 3.29 1.13 4.37 OTHER COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO: OWN ERS OF THE PARENT 94.69 83.96 (210.40) (115.71 ) 53.93 116.04 NON-CONTROLLING INTERESTS 0.05 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO: OWNERS OF THE PARENT 295.71 216.73 (30.15) 265.56 319.80 932.93 NON-CONTROLLING INTERESTS 1.63 0.52 1.66 3.29 1.13 4.42 PAID UP EQUITY SHARE CAPITAL 13 208.31 208.27 208.30 208.31 208.27 208.30 (Equity Shares of ~ 1 /- each) OTHER EQUITY 14 11449.52 EARN INGS PER SHARE (of~ 1/- each) (not annualised): 15 (a) Basic(~) 0.97 0.64 0.87 1.83 1.28 3.92 (b) Diluted (~) 0.96 0.64 0.87 1.83 1.28 3.92
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Notes: (1) The Unaudited Consolidated Financial Results, Balance Sheet, Statement of Cash Flows and Segment Results were reviewed by the Audit Committee, and approved by the Board of Directors of the Company at its meeting held on 26th October, 2026. (2) The Group had, on 1st September 2026, acquired the entire share capital of GHK Hospitality & Infrastructures Limited ('GHK'), consequent to which GHK became a wholly owned subsidiary of the Company with effect from the said date. The fair values of assets and liabilities acquired have been provisionally determined and recorded in accordance with Ind AS 103 on 'Business Combinations' and have been reflected in the 'Hotels' segment. Accordingly, financial results of the Group and 'Hotels' segment for the quarter and period ended 30th September 2026 include those of GHK from 1st September 2026 and hence are not comparable with previous periods. (3) The Group had, on 19th May 2026, acquired the entire share capital of Kera/a Luxury Resorts Private Limited ('KLRPL' - formerly known as Zuri Hotels and Resorts Private Limited), consequent to which KLRPL became a wholly owned subsidiary of the Company •with effect from the said date. The fair values of assets and liabilities acquired have been determined and recorded in accordance with Ind AS 103 on 'Business Combinations' and have been reflected in the 'Hotels' segment. Accordingly, financial results of the Group and 'Hotels' segment for the quarter and period ended 3oth September, 2026 include those of KLRPL from 19th May, 2026 and hence are not comparable with previous periods. (4) 88,115 Equity Shares of~ 1/- each were issued and allotted under the ITC Hotels Special Purpose Employee Stock Option Scheme during the quarter ended 3oth September, 2026. Consequently, the issued and paid-up Share Capital of the Company stands increased to ~ 208,30,64,424/- as on 3oth September, 2026. (5) This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Limited Review The Company is required to file its financial results with the relevant stock exchanges as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Accordingly, the financial results have been subjected to Limited Review by the statutory auditors of the Company, who have issued an unmodified conclusion on the same. S.R. Batliboi & Co. LLP, Gurugram for Identification J
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)l 1TC HOTELS LIMITED Segment-wise Revenue, Results, Assets and Liabilities for the Quarter and Six Months ended 30th September, 2026 CONSOLIDATED Particulars 1. Segment Revenue a) Hotels b) Branded Residences c) Others Total Less: Inter-segment revenue Gross Revenue from sale of products and services 2. Segment Results a) Hotels b) Branded Residences c) Others Total Less : i) Finance Costs ii) Other un-allocable (income) net of un- allocable expenditure iii) Exceptional items Add: i) Share of Profit/ (Loss) of associates and joint venture Profit Before Tax 3. Segment Assets a) Hotels b) Branded Residences c) Others Total Unallocated Corporate Assets Total Assets 4. Segment Liabilities a) Hotels b) Branded Residences c) Others Total Unallocated Corporate Liabilities Total Liabil_ities S.R. Batliboi & Co. LLP, Gurugram for Identification ;,, 3 Months ended 30.09.2026 (Unaudited) 966.25 71.10 12.00 1049.35 1.63 1047.72 205.86 22.93 (0.76) 228.03 2.19 (48.87) - 3.27 277.98 9335.92 1239.94 134.20 10710.06 2949.61 13659.67 1255.79 82.63 56.95 1395.37 481.34 1876.71 Corresponding Preceding 3 Months 3 Months 6 Months ended ended ended 30.09.2025 30.06.2026 30.09.2026 (Unaudited) (Unaudited) (Unaudited) 822.80 881.06 1847.31 - 37.77 108.87 10.68 11.73 23.73 833.48 930.56 1979.91 1.44 1.76 3.39 832.04 928.80 1976.52 140.64 176.54 382.40 (0.40) 13.22 36.15 1.98 3.75 2.99 142.22 193.51 421.54 1.91 2.00 4.19 (44.86) (53.03) (101.90) - - - 3.52 3.66 6.93 188.69 248.20 526.18 8646.46 8996.67 9335.92 1414.45 1256.47 1239.94 134.66 136.57 134.20 10195.57 10389.71 10710.06 2626.33 3137.70 2949.61 12821.90 13527.41 13659.67 1015.80 1215.54 1255.79 235.67 113.46 82.63 52.31 56.36 56.95 1303.78 1385.36 1395.37 441.65 469.63 481.34 1745.43 1854.99 1876.71 (fin Crores) Twelve 6 Months Months ended ended 30.09.2025 31.03.2026 (Unaudited) (Audited) 1623.37 3859.83 - 210.89 20.74 46.90 1644.11 4117.62 3.14 8.50 1640.97 4109.12 284.33 943.33 (0.70) 63.73 6.59 16.45 290.22 1023.51 3.57 7.93 (83.27) (175.70) - 80.17 7.57 11.87 377.49 1122.98 8646.46 8751.67 1414.45 1337.26 134.66 136.78 10195.57 10225.71 2626.33 3258.88 12821.90 13484.59 1015.80 1149.21 235.67 141.30 52.31 54.89 1303.78 1345.40 441.65 440.68 1745.43 1786.08
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)~ ITC HOTELS LIMITED (f in Crores) Balance Sheet CONSOLIDATED Asat As at Particulars current half year end previous year end 30.09.2026 31.03.2026 (Unaudited) (Audited) A ASSETS 1 Non-current assets (a) Property, Plant and Equipment 7940.76 7693.72 (b) Capital work-in-progress 201.26 206.09 ( c) Goodwill 53.88 16.98 (d) Other Intangible assets 15.13 15.24 (e) Intangible assets under development 1.08 0.72 (f) Right-of-use assets 349.55 36309 (g) Investment accounted for using the equity method 130.36 126.13 (h) Financial Assets (i) Investments 987.05 1003.64 (ii) Others 11.70 531 .90 (i) Deferred tax assets ( Net) 4.47 4.38 Ul Income Tax Assets (Net) 11.99 1.70 (k) Other non-current assets 515.52 262.15 Non-current assets 10222.75 10225.74 2 Current assets (a) Inventories 1165.04 1239.68 (b) Financial Assets (i) Investments 479.51 825.99 (ii) Trade receivables 263.41 230.25 (iii) Cash and cash equivalents 35.38 35.21 (iv) Bank Balances other than (iii) above 1282.52 730.15 (v) Loans - 0.31 (vi) Others 72.15 51.01 (c) Other current assets 138.91 146.25 Current assets 3436.92 3258.85 Total Assets 13659.67 13484.59 B EQUITY AND LIABILITIES Equity (a) Equity Share capital 208.31 208.30 (b) Other Equity 11530.67 11449.52 Attributable to the owners of the parent 11738.98 11657.82 Non-controlling interests 43.98 40.69 Total Equity 11782.96 11698.51 LIABILITIES 1 Non-current liabilities (a) Financial Liabilities (i) Lease liabilities 72.52 72.41 (ii) Other financial liabilities 41.78 43.11 (b) Provisions 37.71 37.49 (c) Deferred tax liabilities (Net) 468.56 431.65 (d) Other non-current liabilities 29.97 23.81 E ro . ... C' Non-current liabilities 650.54 608.47 :::, ... 2 Current liabilities :::, c., (a) Financial Liabilities a.. (i) Borrowings 10.18 1.21 (ii) Lease liabilities 1.11 0.57 ..J ..J (iii) Trade payables Total outstanding dues of micro and small enterprises 15.39 12.86 Total outstanding dues of creditors other than micro and 428.33 412.67 small enterprises (iv) Other financial liabilities 123.06 144.46 (b) Other current liabilities 584.16 535.99 0 C: u .2 oi ..... ro 0 u .c ~ .... .... C: ro GI ID -0 (c) Provisions 61.34 62 03 l'.t'. ... (d) Current Tax Liabilities (Net) 2.60 7.82 u; 0 -Current liabilities 1226.17 1177.61 Total Equity and Liabilities 13659.67 13484.59
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) ITC HOTELS LIMITED Consolidated Statement of Cash Flows for the half year ended 30th September, 2026 (f in Crores) t-or tne nan year enaea For the half year ended 30th September, 2026 30th September, 2025 A. Cash Flow from Operating Activities PROFIT BEFORE TAX 526.18 377.49 ADJUSTMENTS FOR : Depreciation and amortization expense 216.75 206.52 Share based payments to employees 2.53 0.22 Finance costs 4.19 3.57 Interest Income (94.69) (76.71) Loss on sale of property, plant and equipment - Net 3.07 1.56 Doubtful and bad debts 0.82 (0.64) Share of (profit)/ loss of associates and joint venture (6.93) (7.57) Net gain arising on financial instruments measured at fair (13.24) (10.88) value through profit or loss Foreign currency translations and transactions - Net 1.03 113.53 2.52 118.59 OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 639.71 496.08 ADJUSTMENTS FOR : Trade receivables , advances and other assets (42.14) 4.81 Inventories 36.03 (88.61) Trade payables, other liabilities and provisions 59.92 53.81 12.88 (70.92) CASH GENERATED FROM OPERATIONS 693.52 425.16 Income tax paid (net of refunds) (147.73) (132.29) NET CASH FROM OPERATING ACTIVITIES 545.79 292.87 B. Cash Flow from Investing Activities _Purchase of property, plant and equipment , intangibles etc. (433.05) (160.91) Sale of property, plant and equipment 1.42 1.48 Purchase of current investments (2496.65) (999.16) Sale/redemption of current investments 2921.66 871 .30 Purchase of non-current investments (44.86) (227.56) Payment towards business combination , including cash and (231 .61) -cash equivalents assumed/acquired Dividend received from associates 2.67 2.41 Interest received 44.10 56.77 Investment in bank deposits (1.67) (17.83) (original maturity more than 3 months) Redemption / maturity of bank deposits 10.50 101.03 (original maturity more than 3 months) Loans (given) / recovered 0.31 0.20 NET CASH (USED IN) INVESTING ACTIVITIES (227.18) (372.27) C. Cash Flow from Financing Activities Proceeds from issue of share capital 1.02 23.23 Repayment of current borrowings (115.31) - Principal payment of lease liabilities (0.39) (0.25) Interest paid (4.19) (3.57) Dividend paid (208.30) - NET CASH (USED IN)/ FROM FINANCING ACTIVITIES (327.17 19.41 NET (DECREASE) IN CASH AND CASH EQUIVALENTS (8.56 (59.99 OPENING CASH AND CASH EQUIVALENTS 35.21 76.71 CLOSING CASH AND CASH EQUIVALENTS 26.65 16.72 Notes : 1. The above Statement of Cash Flows has been prepared under the "Indirect Method" as set out in Ind AS - 7 "Statement of Cash Flows". 2. CASH AND CASH EQUIVALENTS: Cash and cash equivalents as per Balance Sheet Less: Unrealised gain / (loss) on foreign currency cash and cash equivalents Less: Cash credit facilities Cash and cash equivalents as per Statement of Cash Flows S.R. Batliboi & Co. LLP, Gurugram for Identification ! 35.38 (0.03) 8.76 26.65 24.38 0.55 7.11 16.72
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Notes: (1) The Operating Segments have been reported in a manner consistent with the internal reporting provided to the Strategic and Executive Management Committee, which is the Chief Operating Decision Maker. The Group has presence in Hotels and Branded residences businesses. The Group's organisational structure and governance processes are designed to support effective management of these businesses. (2) The business groups comprise the following : Hotels Branded Residences Others Registered Office : Hotel Services Sale of Branded Residences and allied services Golfing and ancillary services Virginia House, 37 Jawaharlal Nehru Road, Kolkata 700 071 , India ~ Forand on behalf of the Board Chief Financial Officer Dated : 26th October, 2026 Place : Hyderabad, India Website: www.itchotels.com I Email: investorservices@itchotels .com I Phone: +91-124-41717171 CIN: L55101WB2023PLC263914 S.R. Batliboi & Co. LLP, Gurugram for Identification f
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)l 1TC HOTELS LIMITED Extract of Unaudited Standalone and Consolidated Financial Results for the Quarter and Six Months ended 30th September, 2026 (f in Crores) Standalone Consolidated SI.No. Particulars 3 Months 6 Months Corresponding 3 Months 6 Months Corresponding ended ended 3 Months ended ended ended 3 Months ended 30.09.2026 30.09.2026 30.09.2025 30.09.2026 30.09.2026 30.09.2025 1 Total Income from Operations 937.04 1796.20 806.07 1106.04 2100.58 884.89 2 Net Profit/ (Loss) for the period (before tax and 277.98 515.31 203.36 277.98 526.18 188.69 Exceptional items) 3 Net Profit/ (Loss) for the period before tax (after 277.98 515.31 203.36 277.98 526.18 188.69 Exceptional items) 4 Net Profit/ (Loss) for the period after tax (after 207.42 384.43 151.63 202.65 384.56 133.29 Exceptional items) 5 Total Comprehensive Income for the period [Comprising Profit/ (Loss) for the period (after tax) and 209.37 386.38 151.63 297.34 268.85 217.25 Other Comprehensive Income (after tax)] 6 Equity Share Capital 208.31 208.31 208.27 208.31 208.31 208.27 7 Earnings Per Share (of~ 1/- each) (not annualised): 1. Basic (~): 1.00 1.85 0.73 0.97 1.83 0.64 2. Diluted(~): 1.00 1.85 0.73 0.96 1.83 0.64 Notes: a) The above is an extract of the detailed format of the Statements of Unaudited Standalone and Consolidated Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Unaudited Financial Results and this extract were reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on 26th October, 2026. The full format of the Statements of Unaudited Standalone and Consolidated Financial Results are available on the Company's website (www.itchotels.com/quarterly-results) and on the websites of the National Stock Exchange of India Limited (www.nseindia.com) and BSE Limited (www.bseindia.com).
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b) The Company is required to file its financial results with the relevant stock exchanges as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Accordingly, the financial results have been subjected to Limited Review by the statutory auditors of the Company, who have issued an unmodified conclusion on the same. Registered Office : Virginia House, 37 Jawaharlal Nehru Road, Kolkata 700 071, India Hyderabad, 26th October, 2026 Chief Financial Officer Managing Director (DIN: 08073567) Website: www.itchotels.com I Email: investorservices@itchotels.com I Phone: +91-124-41717171 CIN: L55101WB2023PLC263914
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S.R. BATLIBOI & Co. LLP Chartered Accountants 67, Institutional Area Sector 44, Gurugram - 122 003 Haryana, India Tel: +91124 681 6000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors ITC Hotels Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of ITC Hotels Limited (the "Company") for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For S.R. Batliboi & Co. LLP Chartered Accountants ICAI Firm registration number: 301003E/E300005 _f~ per Sanjay Vij Partner Membership No.: 095169 UDIN: 2-6o"l ( (-l/H< o i& l\li.X Place of Signature: Hyderabad Date: October 26, 2026 S.R, Batliboi & Co LLP, a UmHe-d Rcgd. Office : 22. Camac , 3rd Floor,
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S.R. BATLIBOI & Co. LLP Chartered Accountants 67, Institutional Area Sector 44, Gurugram - 122 003 Haryana, India Tel: +91124 681 6000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors ITC Hotels Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of ITC Hotels Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), its associates and joint venture for the quarter ended Se:ptember 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review oflnterirn Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the entities as mentioned in Annexure 1. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 & 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. S.R. Batliboi & Co L.LP, a Limited Regd. Office : 22,
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S.R. BATLIBOI & Co. LLP Chartered Accountants 6. The accompanying Statement includes the unaudited interim financial results and other financial information, in respect of: • Three subsidiaries, whose unaudited interim financial results include total assets of Rs. 3,565.69 crores as at September 30, 2026, total revenue of Rs 124.36 crores and Rs. 204.50 crores, total net (loss) after tax of Rs. (15.15) crores and Rs. (31.70) crores, total comprehensive income/ (loss) of Rs. 77.60 crores and Rs. (149.33) crores, for the quarter ended September 30, 2026 and the period ended on that date respectively, and net cash Inflows of Rs. 16.84 crores for the period from April 01, 2026 to September 30, 2026, as considered in the Statement which have been reviewed by their respective independent auditor. • Two associates, whose financial statements include Group's share of net profit of Rs. 3.24 crores and Rs. 6.67 crores and Group's share of total comprehensive income of Rs. 3.22 crores and Rs. 6.64 crores, for the quarter ended September 30, 2026 and the period ended on that date respectively, as co.nsidered in the Statement whose unaudited interim financial results, other financial information have been reviewed by their respective independent auditors. The independent auditor's reports on unaudited interim financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries and associates is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above. 7. One of the subsidiary is located outside India whose financial results and other financial information has been prepared in accordance with accounting principles generally accepted in their respective countries and which has been reviewed by other auditor under generally accepted auditing standards applicable in their respective country. The Holding Company's management has converted the financial results of such subsidiary located outside India from accounting principles generally accepted in their respective country to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by_ the Holding Company's management. Our conclusion in so far as it relates to the balances and affairs of such subsidiary located outside India is based on the report of other auditor and the conversion adjustments prepared by the management of the Holding Company and reviewed by us. Our conclusion on the Statement in respect of matters stated in para 6 & 7 above is not modified with respect to our reliance on the work done and the reports of the other auditors and the financial information certified by the Management. For S.R. Batliboi & Co. LLP Chartered Accountants ICAI Firm registration number: 301003E/E300005 ~ per Sanjay Vij Partner Membership No.: 095169 UDIN: ;?.6 o9'°16'9 W K..Ci I U ~I 6't-'l't Place of Signature: Hyderabad Date: October 26, 2026
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S.R. BArL1Bo1 & Co. LLP Chartered Accountants Annexure-1 List of Subsidiaries/ Associates/ Joint Venture Subsidiaries S.No. Name 1 WelcomHotels Lanka (Private) Limited 2 Landbase India Limited 3 Bay Islands Hotels Limited 4 Fortune Park Hotels Limited 5 Srinivasa Resorts Limited 6 Kerala Luxury Resorts Private Limited (formerly known as Zuri Hotels and Resorts Private Limited) 7 GHK Hospitality & Infrastmctures Limited Associates S.No. Name 1 Gujarat Hotels Limited 2 International Travel House Limited Joint Venture S.No. Name 1 Mahara·a Herita e Resorts Limited