Financial Results Approval
The Board approved the Unaudited Standalone and Consolidated Financial Results for the First Quarter ended June 30, 2026, along with Limited Review Reports from Statutory Auditors.
Standalone Financial Results (₹ in lakhs)
Income Statement:
- Revenue from operations: ₹5,852.73 (Q1 FY27) vs ₹5,615.98 (Q1 FY26)
- Other income: ₹733.14 (Q1 FY27) vs ₹681.98 (Q1 FY26)
- Total income: ₹6,585.87 (Q1 FY27) vs ₹6,297.96 (Q1 FY26)
Expenses:
- Consumption of food and beverages: ₹561.72
- Employee benefits expense: ₹1,471.44
- Finance cost: ₹388.46
- Depreciation and amortization: ₹450.83
- Other expenses: ₹2,293.77 (Heat, light & power: ₹337.34; Others: ₹1,956.43)
- Total expenses: ₹5,171.22
Profitability:
- Profit before exceptional items and tax: ₹1,414.65
- Exceptional items: Nil (₹56.04 in Q4 FY26)
- Profit before tax: ₹1,414.65
- Tax expense: ₹351.74 (Current tax: ₹489.55; Deferred tax credit: ₹137.88; Short provision: ₹0.07)
- Profit for the period: ₹1,062.91
- Other comprehensive income: ₹(40.71)
- Total comprehensive income: ₹1,022.20
Key Metrics:
- Paid-up equity share capital: ₹3,006.86 lakhs (Face value ₹10 each)
- Earnings per share (Basic & Diluted): ₹3.50
Consolidated Financial Results (₹ in lakhs)
Income Statement:
- Total income: ₹9,301.29 (Q1 FY27)
- Total expenses: ₹7,943.61
Profitability:
- Profit before exceptional items and tax: ₹1,357.68
- Exceptional items: Nil (₹74.21 in Q4 FY26)
- Profit before tax: ₹1,357.68
- Tax expense: ₹388.29
- Profit for the period: ₹969.39
- Total comprehensive income: ₹923.58
- Profit attributable to owners: ₹939.93
Key Metrics:
- Earnings per share (Basic & Diluted): ₹3.19
Board Decisions
1. Reappointment of Internal Auditor: M/s. Kirtane & Pandit LLP reappointed as Internal Auditor for FY 2026-27
2. Continuation of Independent Director: Approval for continuation of Mr. Vilas Ramchandra Koranne (DIN: 09151665) as Non-Executive Independent Director beyond age of 75 years, subject to shareholder approval via Special Resolution under Regulation 17(1A) of SEBI LODR
3. Employee Stock Option Scheme: Approved "Kamat Hotels (India) Limited - Employee Stock Option Scheme 2026" (ESOS 2026) subject to shareholder approval
- Maximum options: 8,84,500 shares
- Exercise price: At or below market price on grant date
- Exercise period: 4 years from vesting date
- Purpose: Attract, motivate and retain leadership talent
4. 39th Annual General Meeting: Proposed to be held on Saturday, September 26, 2026 through Video Conferencing/Audio Visual Means
Auditor Emphasis Matters
Statutory auditors (N.A. Shah Associates LLP) emphasized several matters in their limited review report:
1. PMLA Matter: ₹500 lakhs deposited with Enforcement Directorate pursuant to PMLA Court order dated January 9, 2025, with corresponding provision made as exceptional expense in earlier quarters. No further communication received from ED.
2. Lease Extension Uncertainty: Lotus Resort - Konark lease expired February 2024, extended only until September 2026. Company expects extension until February 2029 based on past experience and ongoing discussions with Odisha Government. Net book value of assets: ₹278.89 lakhs.
3. Unrefunded Security Deposit: ₹680 lakhs security deposit for rental property remains unrefunded after lease termination effective April 1, 2026. Additional ₹36.41 lakhs in property, plant and equipment also recoverable. Interest income of ₹30.52 lakhs recognized at 18% p.a. No provision made as management expects recovery.
Subsidiary Company Matters
1. OHPPL: Current liabilities exceed current assets, but prepared on going concern basis due to positive EBITDA, Holding Company support, and asset values exceeding borrowings. Lease rent dispute liability of ₹2,249.78 lakhs accounted for period from November 1, 2014 to June 30, 2026.
2. MPPL: Incurred losses with fully eroded net worth, but prepared on going concern basis due to future business prospects and Holding Company support commitment.
Meeting Details
Board meeting commenced at 12:50 PM and concluded at 2:25 PM on August 11, 2026.