Trading Window Closure

The Trading Window for all Directors, Promoters, Connected Persons, Designated Persons and their immediate relatives shall open after 48 hours of declaration of Financial Results for the quarter and half year ended September 30, 2026.

Consolidated Financial Results (₹ in Lakhs, except per share data)

Quarterly Performance (Q2 FY27):
  • Revenue from operations: ₹36,137.78
  • Other income: ₹2,441.14
  • Total income: ₹36,381.92
  • Total expenses: ₹20,165.70
  • Profit before depreciation, finance cost, finance income and tax: ₹16,216.22
  • Finance cost: ₹3,047.90
  • Finance income: ₹(305.16) [negative indicates income]
  • Depreciation and amortization expense: ₹3,660.79
  • Net Profit before share of associates, exceptional items and tax: ₹8,912.69
  • Share of loss of associates: ₹(34.70)
  • Profit before exceptional items and tax: ₹8,877.99
  • Exceptional items: ₹(2,209.10) [expense]
  • Profit before tax: ₹11,087.09
  • Tax expense: ₹3,110.85 (Current tax: ₹1,362.70; Deferred tax: ₹1,748.15)
  • Net profit after tax: ₹7,976.24
  • Other Comprehensive loss: ₹(3.60)
  • Total Comprehensive Income: ₹7,972.84
  • Attributable to: Equity holders of parent: ₹5,664.95; Non-controlling interests: ₹2,311.20
  • Basic EPS: ₹0.72; Diluted EPS: ₹0.72
Half-Yearly Performance (H1 FY27):
  • Revenue from operations: ₹70,598.39
  • Other income: ₹4,588.84
  • Total income: ₹75,187.23
  • Total expenses: ₹39,655.74
  • Profit before depreciation, finance cost, finance income and tax: ₹35,531.49
  • Finance cost: ₹7,996.78
  • Finance income: ₹(715.98) [negative indicates income]
  • Depreciation and amortization expense: ₹7,266.65
  • Net Profit before share of associates, exceptional items and tax: ₹16,854.04
  • Share of loss of associates: ₹(64.03)
  • Profit before exceptional items and tax: ₹16,790.01
  • Exceptional items: ₹(2,209.10) [expense]
  • Profit before tax: ₹18,999.11
  • Tax expense: Not fully quantified in summary table
  • Net profit after tax: ₹13,710.47
  • Other Comprehensive loss: ₹(6.52)
  • Total Comprehensive Income: ₹13,703.95
  • Attributable to: Equity holders of parent: ₹10,261.68; Non-controlling interests: ₹3,448.79
  • Basic EPS: ₹1.30; Diluted EPS: ₹1.30

Standalone Financial Results (₹ in Lakhs, except per share data)

Quarterly Performance (Q2 FY27):
  • Revenue from operations: ₹11,325.20
  • Other income: ₹348.85
  • Total income: ₹11,360.05
  • Total expenses: ₹6,390.72
  • Profit before depreciation, finance cost, finance income and tax: ₹4,969.33
  • Finance cost: ₹735.67
  • Finance income: ₹(17.51) [negative indicates income]
  • Depreciation and amortization expense: ₹504.46
  • Profit before exceptional items and tax: ₹3,946.71
  • Exceptional items: ₹0
  • Profit before tax: ₹3,946.71
  • Tax expense: ₹1,011.18 (Current tax: ₹828.34; Deferred tax: ₹182.84)
  • Net profit after tax: ₹2,935.53
  • Other Comprehensive income: ₹(1.93)
  • Total Comprehensive Income: ₹2,933.60
  • Basic EPS: ₹0.37; Diluted EPS: ₹0.37
Half-Yearly Performance (H1 FY27):
  • Revenue from operations: ₹21,816.78
  • Other income: ₹731.10
  • Total income: ₹22,547.88
  • Total expenses: ₹12,467.36
  • Profit before depreciation, finance cost, finance income and tax: ₹10,080.52
  • Finance cost: ₹1,485.15
  • Finance income: ₹(466.58) [negative indicates income]
  • Depreciation and amortization expense: ₹1,001.13
  • Profit before exceptional items and tax: ₹7,402.82
  • Exceptional items: ₹0
  • Profit before tax: ₹7,402.82
  • Tax expense: ₹1,899.13 (Current tax: ₹1,777.29; Deferred tax: ₹121.84)
  • Net profit after tax: ₹5,503.69
  • Other Comprehensive income: ₹(3.86)
  • Total Comprehensive Income: ₹5,499.83
  • Basic EPS: ₹0.70; Diluted EPS: ₹0.70

Exceptional Items (Consolidated)

For Q2 FY27: ₹(2,209.10) lakhs comprising:

  • Expenditure on Property Tax matter: ₹1,583.20 lakhs
  • Gain on termination of lease: ₹(4,163.66) lakhs [negative indicates gain]
  • Provision on diminution in carrying value of investment in associate: ₹334.66 lakhs
  • Expenses related to acquisition/potential acquisition: ₹36.61 lakhs

Scheme of Arrangement Update

The Board of Directors approved a proposed Composite Scheme of Arrangement on January 09, 2026, involving merger and demerger of certain group entities to segregate hotel ownership & development business and hotel management & brand business into separate platforms with appointed date of April 01, 2026.

Key developments:

  • Received CCI approval on April 7, 2026
  • Received NSE 'no objection' and BSE 'no adverse observations' on September 22, 2026
  • Filed application with NCLT Chandigarh Bench on October 09, 2026
  • Scheme effectiveness pending NCLT sanction and ROC filing

Auditor's Review

Deloitte Haskins & Sells LLP conducted limited review of both standalone and consolidated financial results and concluded that nothing has come to their attention that causes them to believe that the statements contain any material misstatement.

Share Capital

Paid-up equity share capital: ₹7,918.475 lakhs (Face value ₹10 per share)

Excludes 398,841 equity shares held by ESOP Trust (March 31, 2026: 398,841 shares)

Segment Information

The Group operates in a single operating segment - Hoteliering business. Due to seasonal nature of Indian hotel industry, quarterly results are not indicative of full year's operation.