Sayaji Hotels Q2 FY27 Net Loss ₹6.02 Crore

Board Meeting Details

The Board of Directors meeting was held on Tuesday, 3rd November, 2026. The meeting commenced at 12:51 PM IST and concluded at 01:14 PM IST.

Key Outcomes Approved by the Board

The Unaudited Standalone and Consolidated Financial Results along with Limited Review Report for the quarter and half year ended 30th September, 2026.
The appointment of Mr. Seshukumar Venkata Satya Chilukuri (DIN: 07171754) as an Additional Director (Non-Executive Non-Independent Category).
The appointment of Mr. Sandesh Khandelwal (DIN: 03019887) as an Additional Director (Non-Executive Non-Independent Category).
Resignation of Mr. Kayum Razak Dhanani (DIN: 00987597) from the position of Non-Executive Non-Independent Director.
The Draft Notice of Postal Ballot.
The appointment of scrutinizer for E-Voting in Postal Ballot and the payment of fees to them.
The cut-off date for the purpose of serving notice of Postal Ballot and for E-Voting.

Standalone Financial Performance (Quarter Ended 30th September, 2026)

Income Statement (₹ in Lakhs):

Revenue from Operations: 1,650.55 (vs. 3,166.78 in Q2 FY26)
Other Income: 101.82 (vs. 75.34 in Q2 FY26)
Total Income: 1,752.37 (vs. 3,242.12 in Q2 FY26)

Expenses (₹ in Lakhs):

Food and Beverages Consumed: 192.02 (vs. 489.28 in Q2 FY26)
Employee Benefits Expenses: 958.81 (vs. 1,145.44 in Q2 FY26)
Finance Costs: 256.96 (vs. 336.94 in Q2 FY26)
Depreciation & Amortization: 421.88 (vs. 638.01 in Q2 FY26)
Operating Expenses: 275.44 (vs. 783.43 in Q2 FY26)
Other Expenses: 283.18 (vs. 293.80 in Q2 FY26)
Total Expenses: 2,388.29 (vs. 3,686.90 in Q2 FY26)

Profitability (₹ in Lakhs):

Profit/(Loss) before exceptional items & tax: (635.92) (vs. (444.78) in Q2 FY26)
Exceptional Items: - (vs. - in Q2 FY26)
Profit/(Loss) before tax: (635.92) (vs. (444.78) in Q2 FY26)
Tax Expense: (34.28) (vs. (116.04) in Q2 FY26)
Current tax: - (vs. (25.43) in Q2 FY26)
Deferred tax: (34.28) (vs. (90.61) in Q2 FY26)
Tax Adjustment of Earlier Years: 0.93 (vs. - in Q2 FY26)
Profit/(Loss) for the period: (602.57) (vs. (328.74) in Q2 FY26)

Earnings Per Share (EPS):

Basic and diluted EPS: (₹3.44) (vs. (₹1.88) in Q2 FY26)

Paid-up Equity Share Capital: ₹1,751.80 Lakhs (face value ₹10/- each)

Standalone Financial Performance (Half Year Ended 30th September, 2026)

Income Statement (₹ in Lakhs):

Revenue from Operations: 3,650.82 (vs. 6,719.75 in H1 FY26)
Other Income: 488.57 (vs. 149.99 in H1 FY26)
Total Income: 4,139.39 (vs. 6,869.74 in H1 FY26)

Expenses (₹ in Lakhs):

Total Expenses: 4,815.47 (vs. 7,347.19 in H1 FY26)

Profitability (₹ in Lakhs):

Profit/(Loss) before exceptional items & tax: (676.08) (vs. (477.45) in H1 FY26)
Profit/(Loss) before tax: (676.08) (vs. (477.45) in H1 FY26)
Tax Expense: (9.16) (vs. (121.23) in H1 FY26)
Current tax: - (vs. 32.18 in H1 FY26)
Deferred tax: (9.16) (vs. (153.41) in H1 FY26)
Tax Adjustment of Earlier Years: 0.93 (vs. 1.36 in H1 FY26)
Profit/(Loss) for the period: (667.85) (vs. (357.58) in H1 FY26)

Earnings Per Share (EPS):

Basic and diluted EPS: (₹3.81) (vs. (₹2.04) in H1 FY26)

Consolidated Financial Performance (Quarter Ended 30th September, 2026)

Income Statement (₹ in Lakhs):

Revenue From Operations: 1,650.55 (vs. 3,166.78 in Q2 FY26)
Other Income: 101.82 (vs. 75.34 in Q2 FY26)
Total Revenue: 1,752.37 (vs. 3,242.12 in Q2 FY26)

Profitability (₹ in Lakhs):

Profit before Exceptional Item and share of profit/(loss) of associate and tax: (631.85) (vs. (440.42) in Q2 FY26)
Profit before share of profit/(loss) of associate and tax: (631.85) (vs. (440.42) in Q2 FY26)
Share of Profit/(Loss) of associate: (182.32) (vs. (659.51) in Q2 FY26)
Profit Before Tax: (814.17) (vs. (1,099.93) in Q2 FY26)
Profit (Loss) for the year: (781.95) (vs. (984.99) in Q2 FY26)

Earnings Per Share (EPS):

Basic and diluted EPS: (₹4.46) (vs. (₹5.62) in Q2 FY26)

Consolidated Financial Performance (Half Year Ended 30th September, 2026)

Income Statement (₹ in Lakhs):

Revenue From Operations: 3,650.82 (vs. 6,719.75 in H1 FY26)
Other Income: 488.57 (vs. 153.94 in H1 FY26)
Total Revenue: 4,139.39 (vs. 6,873.69 in H1 FY26)

Profitability (₹ in Lakhs):

Profit before Exceptional Item and share of profit/(loss) of associate and tax: (667.95) (vs. (469.20) in H1 FY26)
Profit before share of profit/(loss) of associate and tax: (667.95) (vs. (469.20) in H1 FY26)
Share of Profit/(Loss) of associate: (90.50) (vs. (1,755.31) in H1 FY26)
Profit Before Tax: (758.45) (vs. (1,615.88) in H1 FY26)
Profit (Loss) for the year: (752.26) (vs. (1,498.09) in H1 FY26)

Earnings Per Share (EPS):

Basic and diluted EPS: (₹4.29) (vs. (₹8.55) in H1 FY26)

Key Notes to Financial Statements

1. Limited Review: The financial results were reviewed by the Audit Committee and approved by the Board on 03.11.2026. The Statutory Auditors, Manish Joshi & Associates, carried out a limited review as required under SEBI LODR Regulation 33.

2. Other Income: For the half year ended 30th September 2026, includes ₹300.10 Lakhs of profit on sale of assets to Vicon Imperial (I) Pvt. Ltd.

3. Exceptional Item (FY26): Represents net effect recognized on termination/cancellation of lease arrangement for Sayaji Raipur hotel property as per Ind AS 116. The transaction pertains to a related party.

4. Business Model Change: During the previous year, lease arrangements for Sayaji Raipur and Sayaji Baroda Hotel expired/terminated. The company thereafter entered into hotel management agreements for these properties with the same owner (a related party). Consequently, revenues and operating expenses pertaining to hotel operations were recognized in corresponding period, whereas thereafter the Company recognizes management fees and incentive fees. Accordingly, revenue and expense figures for the current period are not strictly comparable with corresponding previous periods.

5. Segment Information: The company is engaged in only one Operating Segment i.e. Hoteliering.

6. Consolidation: The consolidated results include:

Sayaji Hotels Limited (Parent)
Sayaji Housekeeping Services Limited (Subsidiary)
United Foodbrands Limited (Associate)