Key Financial Results - Quarter Ended September 30, 2026

  • Revenue from Operations: ₹1,684.26 lakhs (₹16.84 crore)
  • Other Income: ₹66.49 lakhs (₹0.66 crore)
  • Total Income: ₹1,750.75 lakhs (₹17.51 crore)
  • Total Expenses: ₹2,168.60 lakhs (₹21.69 crore)
  • Loss Before Tax: ₹(417.85) lakhs (₹4.18 crore loss)
  • Tax Expense: ₹(61.00) lakhs (tax credit of ₹0.61 crore)
  • Net Loss for Quarter: ₹(356.85) lakhs (₹3.57 crore loss)
  • Basic EPS: ₹(0.39)
  • Diluted EPS: ₹(0.39)

Key Financial Results - Half Year Ended September 30, 2026

  • Revenue from Operations: ₹3,786.34 lakhs (₹37.86 crore)
  • Other Income: ₹169.44 lakhs (₹1.69 crore)
  • Total Income: ₹3,955.78 lakhs (₹39.56 crore)
  • Total Expenses: ₹4,189.75 lakhs (₹41.90 crore)
  • Loss Before Tax: ₹(233.97) lakhs (₹2.34 crore loss)
  • Tax Expense: ₹(15.75) lakhs (tax credit of ₹0.16 crore)
  • Net Loss for Half Year: ₹(218.22) lakhs (₹2.18 crore loss)
  • Basic EPS: ₹(0.24)
  • Diluted EPS: ₹(0.24)

Comparative Performance

Quarterly Comparison (Q2 FY27 vs Q2 FY26):

  • Revenue from Operations: ₹1,684.26 lakhs vs ₹1,518.64 lakhs (improvement)
  • Net Loss: ₹(356.85) lakhs vs ₹(97.66) lakhs (worsened performance)

Half-Year Comparison (H1 FY27 vs H1 FY26):

  • Revenue from Operations: ₹3,786.34 lakhs vs ₹3,511.01 lakhs (improvement)
  • Net Profit/(Loss): ₹(218.22) lakhs loss vs ₹137.40 lakhs profit (significant decline)

Balance Sheet Position as of September 30, 2026

  • Total Assets: ₹54,523.27 lakhs (₹545.23 crore)
  • Property, Plant and Equipment: ₹47,028.39 lakhs (₹470.28 crore)
  • Current Investments: ₹2,830.78 lakhs (₹28.31 crore)
  • Cash and Cash Equivalents: ₹83.20 lakhs (₹0.83 crore)
  • Bank Balances: ₹2,369.30 lakhs (₹23.69 crore)
  • Equity Share Capital: ₹1,848.77 lakhs (₹18.49 crore)
  • Other Equity: ₹48,705.79 lakhs (₹487.06 crore)

Cash Flow Statement - Half Year Ended September 30, 2026

  • Net Cash from Operating Activities: ₹419.40 lakhs (₹4.19 crore)
  • Net Cash from Investing Activities: ₹(374.48) lakhs (₹3.74 crore outflow)
  • Net Cash from Financing Activities: ₹(898.06) lakhs (₹8.98 crore outflow)
  • Net Decrease in Cash: ₹(84.96) lakhs (₹0.85 crore decrease)

Important Notes

1. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on November 12, 2026.

2. The Statutory Auditors, J.G. Verma & Co. (FRN: 111381W), have issued a limited review report with no material modifications.

3. Due to seasonality in the hotel business, the results for the quarter and half year are not indicative of full-year performance.

4. The company has no subsidiaries, associates, or joint ventures as of September 30, 2026.

5. Exceptional items for the year ended March 31, 2026, represent recognition of past service cost arising from incremental gratuity and leave liability under New Labour Codes.

6. Revaluation Surplus of ₹42,726.68 lakhs disclosed under OCI for year ended March 31, 2026, pertains to revaluation of freehold land in Goa by an independent valuer.

7. During the quarter, the Board enhanced maximum gratuity payment limit from ₹20 lakhs to ₹50 lakhs per eligible employee, resulting in additional liability of ₹152.29 lakhs (including ₹129.77 lakhs for past services).

8. Increased finance costs are primarily due to interest expense recognition on lease liabilities under Ind AS 116, representing a non-cash accounting adjustment.

Board Meeting Details

The Board meeting commenced at 3:50 PM and concluded at 5:20 PM on November 12, 2026.