ITC Hotels Ltd on Thursday reported a 36 per cent rise in consolidated net profit to Rs 181.91 crore in the first quarter ended June 30, 2026. The company, which posted a consolidated net profit of Rs 133.71 crore in the corresponding period of the last fiscal, said its board has approved the acquisition of GHK Hospitality & Infrastructures Ltd at an enterprise value of Rs 155 crore. Consolidated revenue from operations in the first quarter stood at Rs 936.02 crore as compared to Rs 815.54 crore in the year-ago period, ITC Hotels Ltd said in a regulatory filing. Total expenses in the first quarter were higher at Rs 750 crore, compared with Rs 674.9 crore in the same period a year ago, the company said. During the quarter under review, the hotel business clocked revenue of Rs 881.06 crore as compared to Rs 800.57 crore in the year-ago period, while the new branded residences vertical clocked a revenue of Rs 37.77 crore, it added. Regarding the acquisition of GHK Hospitality & Infrastructures, ITC Hotels said the transaction would allow it to expand its owned-asset portfolio in Ahmedabad across all market segments through an established hotel currently operated by it under an operating services agreement. GHK owns a hotel named, 'Welcomhotel Ahmedabad' with 130 keys. The investment in GHK will be made through a primary subscription and a secondary purchase of GHK's equity shares, it added.