Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 and 33 of SEBI LODR Regulations

Audit Opinion:

Limited Review Report - No modifications or qualifications. Statutory Auditors: SR BC & CO LLP

Key Financial Highlights [INR in million]:

Consolidated Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹5,511.48 (vs ₹4,893.33 in Q2 FY26, +12.6% YoY)
  • Total Income: ₹5,622.68
  • Net Profit: ₹337.35 (vs ₹642.33 in Q2 FY26, -47.5% YoY)
  • EPS: ₹1.00 (vs ₹2.25 in Q2 FY26)
  • Other Comprehensive Income: ₹468.03
  • Total Comprehensive Income: ₹806.18

Half Year ended September 30, 2026:

  • Revenue from Operations: ₹10,939.47 (vs ₹9,967.87 in H1 FY26, +9.7% YoY)
  • Total Income: ₹11,366.34
  • Net Profit: ₹1,579.17 (vs ₹1,021.58 in H1 FY26, +54.6% YoY)
  • EPS: ₹4.46 (vs ₹3.40 in H1 FY26)
  • Other Comprehensive Income: ₹442.55
  • Total Comprehensive Income: ₹2,025.73

Consolidated Balance Sheet as at September 30, 2026:

  • Total Assets: ₹112,491.81 million
  • Cash and Cash Equivalents: ₹2,325.98 million
  • Total Borrowings: ₹24,763.64 million
  • Total Equity: ₹59,478.99 million
  • Other Equity: ₹56,262.79 million

Standalone Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹1,624.15 (vs ₹1,474.25 in Q2 FY26, +10.2% YoY)
  • Total Income: ₹1,902.62
  • Net Profit: ₹663.07 (vs ₹559.76 in Q2 FY26, +18.5% YoY)
  • EPS: ₹2.84 (vs ₹2.40 in Q2 FY26)

Half Year ended September 30, 2026:

  • Revenue from Operations: ₹3,169.42 (vs ₹2,901.90 in H1 FY26, +9.2% YoY)
  • Total Income: ₹3,720.28
  • Net Profit: ₹1,245.47 (vs ₹1,040.48 in H1 FY26, +19.7% YoY)
  • EPS: ₹5.33 (vs ₹4.46 in H1 FY26)

Standalone Balance Sheet as at September 30, 2026:

  • Total Assets: ₹61,677.39 million
  • Cash and Cash Equiguivalents: ₹116.63 million
  • Total Borrowings: ₹10,625.11 million
  • Total Equity: ₹48,504.54 million
  • Other Equity: ₹48,271.00 million

Segment-wise Performance [INR in million]:

Quarter ended September 30, 2026:

  • Hospitality Revenue: ₹4,197.55 | Segment Results: ₹148.45
  • Commercial Leasing Revenue: ₹1,300.49 | Segment Results: ₹1,042.89
  • Others Revenue: ₹103.42 | Segment Results: ₹80.03

Half Year ended September 30, 2026:

  • Hospitality Revenue: ₹8,346.31 | Segment Results: ₹377.65
  • Commercial Leasing Revenue: ₹2,579.86 | Segment Results: ₹2,052.82
  • Others Revenue: ₹151.69 | Segment Results: ₹112.99

Corporate Actions:

  • Letter of Comfort: Approved issuance of Letter of Comfort to ICICI Bank Limited for ₹200 crore term loan facility for KBJ Hotel & Restaurants Private Limited (wholly owned subsidiary)
  • Previous Arrangement Rescinded: Earlier approval for shortfall undertaking to HSBC Bank for similar facility has been rescinded

Other Significant Information:

Acquisitions Completed:

  • Kelzai Eco Reserves Private Limited: Acquired 100% equity for ₹2,818.80 million on July 9, 2026 (420-acre resort property in MMR)
  • Sun Leisure (India) Private Limited: Acquired 100% equity for ₹5.00 million on April 7, 2026 (operates Sol De Goa hotel)
  • Narmada Estates Private Limited: PCPPL subscribed to 50.02% equity stake for ₹886.80 million (joint venture from May 22, 2026)

Exceptional Items:

Consolidated: Tax credit of ₹1,022.38 million due to exercise of Section 115BAA option

Standalone: Tax expense of ₹53.02 million due to exercise of Section 115BAA option

Entities in Consolidation:

15 subsidiaries and 2 joint ventures, including Panchshil Corporate Park, EON-Hinjewadi Infrastructure, Restocraft Hospitality, KBJ Hotel & Restaurants, and others