Board Meeting Details
The Board meeting commenced at 11:30 a.m. and concluded at 11:50 a.m. on 16th October, 2026. The Board approved/noted the following items:
- (i) Unaudited Financial Results for Quarter and Six Months ended 30th September, 2026
- (ii) Unaudited Balance Sheet as at 30th September, 2026
- (iii) Unaudited Statement of Cash Flows for Six Months ended 30th September, 2026
- (iv) Limited Review Report from statutory auditors K C Mehta & Co LLP on the financial results
Financial Results Analysis (Quarter ended 30th September, 2026)
Income Statement:
- Revenue from Operations: ₹97.33 lakh
- Other Income: ₹69.06 lakh
- Total Income: ₹166.39 lakh
Expenses:
- Employee benefits expense: ₹6.18 lakh
- Depreciation: ₹1.20 lakh
- Other expenses: ₹7.47 lakh
- Total Expenses: ₹14.85 lakh
Profitability:
- Profit Before Tax: ₹151.54 lakh
- Tax Expense: ₹31.87 lakh (Current Tax: ₹23.05 lakh, Deferred Tax: ₹8.82 lakh)
- Profit After Tax: ₹119.67 lakh
- Basic and Diluted EPS: ₹3.16 per share (not annualized)
Financial Results Analysis (Six Months ended 30th September, 2026)
Income Statement:
- Revenue from Operations: ₹192.24 lakh
- Other Income: ₹171.90 lakh
- Total Income: ₹364.14 lakh
Expenses:
- Employee benefits expense: ₹13.92 lakh
- Depreciation: ₹2.39 lakh
- Other expenses: ₹12.82 lakh
- Total Expenses: ₹29.13 lakh
Profitability:
- Profit Before Tax: ₹335.01 lakh
- Tax Expense: ₹68.35 lakh (Current Tax: ₹43.93 lakh, Deferred Tax: ₹24.42 lakh)
- Profit After Tax: ₹266.66 lakh
- Basic and Diluted EPS: ₹7.04 per share (not annualized)
Comparative Performance
Quarterly Comparison (Q2 FY27 vs Q2 FY26):
- Total Income: ₹166.39 lakh vs ₹164.20 lakh (increase of ₹2.19 lakh)
- Profit After Tax: ₹119.67 lakh vs ₹118.88 lakh (increase of ₹0.79 lakh)
- EPS: ₹3.16 vs ₹3.14 (increase of ₹0.02)
Half-Yearly Comparison (H1 FY27 vs H1 FY26):
- Total Income: ₹364.14 lakh vs ₹350.59 lakh (increase of ₹13.55 lakh)
- Profit After Tax: ₹266.66 lakh vs ₹259.31 lakh (increase of ₹7.35 lakh)
- EPS: ₹7.04 vs ₹6.85 (increase of ₹0.19)
Balance Sheet Position (as at 30th September, 2026)
Assets:
- Non-current assets: ₹170.26 lakh (Property, Plant and Equipment: ₹111.35 lakh, Income tax assets: ₹33.07 lakh, Other non-current assets: ₹25.84 lakh)
- Current assets: ₹5,734.58 lakh (Investments: ₹5,471.12 lakh, Trade receivables: ₹140.70 lakh, Cash and cash equivalents: ₹4.10 lakh, Bank balances other than cash: ₹25.73 lakh, Others: ₹81.80 lakh, Other current assets: ₹11.13 lakh)
- Total Assets: ₹5,904.84 lakh
Equity and Liabilities:
- Equity Share Capital: ₹378.75 lakh (unchanged)
- Other Equity: ₹5,075.00 lakh (increase from ₹4,921.97 lakh as at 31st March, 2026)
- Total Equity: ₹5,453.75 lakh
- Non-current liabilities: ₹319.36 lakh (Provisions: ₹20.95 lakh, Deferred tax liabilities: ₹298.41 lakh)
- Current liabilities: ₹131.73 lakh (Trade payables: ₹3.33 lakh, Other financial liabilities: ₹114.83 lakh, Other current liabilities: ₹12.85 lakh, Provisions: ₹0.72 lakh)
- Total Equity and Liabilities: ₹5,904.84 lakh
Cash Flow Statement (Six Months ended 30th September, 2026)
Operating Activities:
- Profit Before Tax: ₹335.01 lakh
- Adjustments: Depreciation ₹2.39 lakh, Interest Income (₹0.85 lakh), Net gain on investments (₹171.05 lakh)
- Operating Profit Before Working Capital Changes: ₹165.50 lakh
- Cash Generated from Operations: ₹236.93 lakh
- Income Tax Paid: ₹55.75 lakh
- Net Cash from Operating Activities: ₹181.18 lakh
Investing Activities:
- Purchase of current investments: ₹328.98 lakh
- Sale/redemption of current investments: ₹240.52 lakh
- Interest received: ₹1.67 lakh
- Net Cash Used in Investing Activities: ₹86.79 lakh
Financing Activities:
- Dividend paid: ₹113.63 lakh
- Net Cash Used in Financing Activities: ₹113.63 lakh
Net Change:
- Net decrease in Cash and Cash Equivalents: ₹19.24 lakh
- Opening Cash and Cash Equivalents: ₹23.34 lakh
- Closing Cash and Cash Equivalents: ₹4.10 lakh
Auditor Review
Statutory auditors K C Mehta & Co LLP (Firm Registration No. 106237W/W100829) conducted a limited review of the financial results as required under Regulation 33 of SEBI LODR Regulations. They issued an unmodified conclusion stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.
Additional Information
- The company operates in one segment: Hoteliering within India
- Paid-up equity share capital remains unchanged at ₹378.75 lakh (equity shares of ₹10 each)
- Figures for previous periods have been re-arranged where necessary to conform to current period presentation
- The full financial results are available on the company's website (www.gujarathotelsltd.in) and BSE website (www.bseindia.com)