Shares of TAJ GVK Hotels and Resorts Ltd fell nearly 1.75% after touching a day’s high of Rs 419.95 on 14th October. This occurred despite the company announcing on Monday, 13th October, that it had signed a Hotel Management Agreement. The agreement was with Indian Hotels Company Limited (IHCL) for its upcoming five-star luxury hotel in Yelahanka, Bengaluru.

Under the agreement, IHCL will manage TAJ GVK’s new hotel in Bengaluru for 20 years from its opening.

TAJ GVK Hotels First Quarter Results

TajGVK Hotels’ consolidated profit after tax rose 10.6% to Rs 28.6 crore in Q4 FY25, up from Rs 25.85 crore in Q4 FY24.

Revenue for the quarter increased to Rs 130.59 crore from Rs 116.69 crore a year ago. Total expenses rose to Rs 96.48 crore, up from Rs 81.59 crore.

The company owns and operates three five-star hotels in Hyderabad. It also has one in each of Chennai, Chandigarh, and Mumbai through its joint venture, Green Woods Palaces and Resorts Pvt Ltd.

At 11:52 AM, the shares of TAJ GVK Hotels were trading 1.69% lower at Rs 412 on NSE.

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