# The Indian Hotels Company Limited (IHCL) reported a 15% rise in net profit to Rs 600 crore for the fourth quarter of FY26, from Rs 522 crore in the same period last year.

*business · news · 2026-05-12 · The Economic Times*

## Key points

- IHCL's Q4 net profit rose 15% YoY to Rs 600 crore but fell 36% sequentially.
- Iran-US war led to Dubai hotel occupancy plunging to 25%, hurting IHCL's fee income.
- IHCL managed LPG supply disruptions by switching to alternative fuels in domestic hotels.
- Elara Capital downgraded IHCL due to geopolitical impacts, trimming FY27 EBITDA and PAT estimates by 4%.
- IHCL plans 60+ hotel openings in FY27, aiming for 12–14% annual top-line growth.

**Companies:** The Indian Hotels Company Limited
**Countries:** India

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/ihcl-shares-in-focus-after-q4-results-firm-highlights-iran-us-war-impact-heres-what-morgan-stanley-other-brokerages-say/articleshow/131027924.cms)

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