Key Financial Figures - Consolidated Results

Quarter Ended September 30, 2026:

  • Total Income: ₹142.36 crore (Q2 FY26: ₹129.80 crore)
  • Revenue from Operations: ₹138.24 crore (Q2 FY26: ₹125.72 crore)
  • Profit Before Tax: ₹29.30 crore (Q2 FY26: ₹14.11 crore)
  • Profit After Tax: ₹21.95 crore (Q2 FY26: ₹10.60 crore)
  • Basic EPS: ₹0.52 (Q2 FY26: ₹0.26)

Half Year Ended September 30, 2026:

  • Total Income: ₹273.19 crore (H1 FY26: ₹254.83 crore)
  • Revenue from Operations: ₹265.28 crore (H1 FY26: ₹249.88 crore)
  • Profit Before Tax: ₹52.55 crore (H1 FY26: ₹23.73 crore)
  • Profit After Tax: ₹39.29 crore (H1 FY26: ₹17.76 crore)
  • Basic EPS: ₹0.94 (H1 FY26: ₹0.48)

Key Financial Figures - Standalone Results

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹120.09 crore (Q2 FY26: ₹108.08 crore)
  • Profit Before Tax: ₹23.84 crore (Q2 FY26: ₹10.04 crore)
  • Profit After Tax: ₹17.89 crore (Q2 FY26: ₹7.55 crore)
  • Basic EPS: ₹0.47 (Q2 FY26: ₹0.22)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹230.61 crore (H1 FY26: ₹216.74 crore)
  • Profit Before Tax: ₹43.34 crore (H1 FY26: ₹17.08 crore)
  • Profit After Tax: ₹32.44 crore (H1 FY26: ₹12.80 crore)
  • Basic EPS: ₹0.85 (H1 FY26: ₹0.40)

Subsidiary Performance

SRP Prosperita Hotel Ventures Limited (subsidiary) contributed:

  • Total Assets: ₹146.46 crore as of September 30, 2026
  • Q2 Revenue: ₹18.60 crore
  • H1 Revenue: ₹35.58 crore
  • Q2 Net Profit: ₹4.06 crore
  • H1 Net Profit: ₹6.85 crore

Capital Structure

  • Paid-up Equity Share Capital: ₹379.84 crore (37,984,000 shares of ₹10 each)
  • No change in share capital during the period

Legal and Regulatory Matters

Property Tax Proceedings:

  • Original demand notice of ₹922.2 crore received from municipal authority for FY2011-12 to FY2021-22
  • Company paid ₹409.3 crore under protest, with additional ₹51.0 crore to be paid
  • Demand revised to ₹287.4 crore (net of payments made) for FY2011-12 to FY2023-24 under One Time Settlement Scheme
  • Matter is under litigation with favorable outcome expected based on management evaluation and legal opinion

Income Tax Survey:

  • Survey conducted under section 133A of Income Tax Act in December 2025
  • No demand or show cause notice received as of results date
  • Management expects no further liability on final assessment

Cash Flow Position

Consolidated Cash Flows (H1 FY27):

  • Cash from Operating Activities: ₹78.07 crore
  • Cash used in Investing Activities: ₹94.83 crore
  • Cash used in Financing Activities: ₹24.45 crore
  • Net decrease in Cash: ₹41.21 crore

Standalone Cash Flows (H1 FY27):

  • Cash from Operating Activities: ₹63.94 crore
  • Cash used in Investing Activities: ₹84.30 crore
  • Cash used in Financing Activities: ₹26.02 crore
  • Net decrease in Cash: ₹46.38 crore

Historical Context

During FY2026:

  • Pre-IPO placement: 14,000,000 equity shares at ₹90 per share (₹126 crore)
  • IPO: 84,412,565 equity shares raising ₹759.60 crore
  • Shares listed on NSE and BSE on July 31, 2025
  • Transaction costs of ₹45.75 crore deducted from equity
  • As of September 30, 2026, ₹684.64 crore of proceeds utilized, ₹200.96 crore unutilized and temporarily invested

Trading Window Closure

The trading window was closed from October 1, 2026, and will open on October 29, 2026.

Auditor Review

Financial results reviewed by S.R. Batliboi & Associates LLP, who issued an unmodified review report with emphasis on ongoing legal proceedings.