Financial Results Overview

The Board of Directors approved the audited financial results for FY2026 at their meeting held on 23rd May 2026:

Annual Performance (FY2026):

  • Total Income: ₹10,627.49 lakhs
  • Total Expenses: ₹9,209.27 lakhs
  • Profit before exceptional items and tax: ₹1,418.22 lakhs
  • Exceptional Items: ₹219.33 lakhs (gain from land sale)
  • Profit before tax: ₹1,637.55 lakhs
  • Tax expense: ₹363.11 lakhs (Current Tax) and (₹7.23) lakhs (Earlier Year Tax)
  • Net Profit for the period: ₹1,281.67 lakhs
  • Total Comprehensive Income: ₹1,270.65 lakhs
  • Basic and Diluted EPS: ₹10.75

Quarterly Performance (Q4 FY2026):

  • Total Income: ₹2,818.85 lakhs
  • Profit before tax: ₹127.81 lakhs
  • Net Profit: ₹70.21 lakhs
  • Basic and Diluted EPS: ₹0.59

Dividend Declaration

The Board recommended a final dividend of ₹3 per equity share (face value ₹10 each) for FY2026, subject to approval by members at the forthcoming Annual General Meeting. This maintains the same dividend per share as the previous year (PY ₹3 per equity share).

Annual General Meeting Details

  • The 57th Annual General Meeting will be held on Friday, 18th September 2026 at 02:45 PM through Video Conferencing/Other Audio Visual Means.
  • Record date for dividend entitlement: 11th September 2026
  • Cut-off date for Remote E-voting: 11th September 2026
  • Scrutinizer appointed for conducting e-voting

Internal Auditor Appointment

The Board approved the appointment of Mr. S. Prabhu (Chartered Accountant, MNo. 255993) as Internal Auditor for the financial year 2026-27. His profile indicates specialization in Direct tax, Indirect tax, GST, Income tax, and other services.

Key Financial Statement Highlights

Balance Sheet (as at 31st March 2026):

  • Total Assets: ₹11,784.86 lakhs
  • Property, Plant and Equipment: ₹3,700.97 lakhs
  • Right of Use Assets: ₹668.44 lakhs
  • Investments: ₹3,103.01 lakhs
  • Cash and Cash Equivalents: ₹440.79 lakhs
  • Bank balances (other than cash): ₹2,513.28 lakhs
  • Total Equity: ₹9,714.85 lakhs
  • Paid-up equity share capital: ₹1,192.80 lakhs
  • Other Equity: ₹8,522.05 lakhs

Cash Flow Statement (FY2026):

  • Net cash from Operating Activities: ₹1,430.91 lakhs
  • Net cash used in Investing Activities: (₹313.09) lakhs
  • Net cash used in Financing Activities: (₹710.90) lakhs
  • Net increase in cash and cash equivalents: ₹406.92 lakhs

Exceptional Items Disclosure

During the quarter ended 30th June 2025, the company sold land at Vittalapuram Village, Thirukazhukundram Taluk, Chengalpattu District for ₹675.60 lakhs, resulting in a profit of ₹232.84 lakhs (net of expenses ₹13.51 lakhs). This gain of ₹219.33 lakhs is disclosed under Exceptional Items. In the previous year, the company had sold land at Coco Beach, Nemilichery, Chengalpattu District, resulting in a profit of ₹83.87 lakhs, also disclosed under Exceptional Items.

Important Notes to Financial Results

1. The financial results were reviewed by the Audit Committee and approved by the Board on 23rd May 2026

2. Statutory auditors (S. Venkatram & Co. LLP) issued an unmodified opinion on the financial results

3. Financial results prepared in accordance with Indian Accounting Standards (Ind AS)

4. Other Equity includes revaluation reserve of ₹1,334.86 lakhs existing prior to 1st April 2016 which cannot be distributed as dividend

5. Employee Benefit Expenses include ₹90.00 lakhs paid to Managing Directors and ₹138.00 lakhs paid to Executive Directors as managerial remuneration

6. The company has assessed the impact of new Labour Codes as not material for FY2026 results

7. Due to seasonality in hospitality sector, quarterly results are not indicative of full year performance

8. The company has only one operative segment (hoteliering) and operates only in India

9. EPS is not annualized for quarterly periods

10. Previous period figures have been regrouped/reclassified where necessary

Board Meeting Details

The Board meeting commenced at 3:00 PM and concluded at 8:00 PM on 23rd May 2026.