The shares were sold at an average price of ₹152.67 each. As of December 2025, GQG Partners held a nearly 2% stake in ITC Hotels. The buyers in the block deal were not immediately disclosed.
Third quarter results
The company’s net profit increased by 77% from last year to ₹235 crore from ₹133 crore earlier. This growth in ITC Hotels’ profitability is despite accounting for multiple one-offs during the quarter. First is a one-time estimated impact of ₹55.42 crore due to the new labour codes.Also Read: ITC Hotels Q2 Results: Net profit jumps 74% to ₹133 crore; margin expands from last year
“The group continues to monitor the finalisation of rules by the government and other related aspects of the new labour codes and will appropriately account for such changes, if needed,” the company wrote in its note to accounts.
The other exceptional item is a net loss of ₹28.58 crore caused by inventory damage on account of cyclone Ditwah in Sri Lanka, for which the insurance survey is in process. Revenue for the quarter grew to ₹1,231 crore, a growth of 47% from last year’s figure of ₹839.5 crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter nearly doubled from last year, growing 90% to ₹467 crore from ₹245.5 crore. The EBITDA margin for the quarter expanded by nearly nine percentage points to 38% from 29.2% in the year-ago period.
Also Read: ITC Hotels secures ₹327-crore lease in Delhi’s Dwarka for 5-star hotel project
Shares of ITC Hotels Ltd ended at ₹151.60, up by ₹4.80, or 3.27%, on the BSE today, April 8.
(Edited by : Shoma Bhattacharjee)
