• Type of Event: Post Earnings (Group Conference) Call for Q4 & year ended 31st March, 2026.
  • Date and Time: The call was held on Monday, 25th May, 2026. A specific time and time zone were not disclosed in the provided transcript.
  • Purpose: To discuss the company's financial and operational performance for Q4 and Full Year FY26, and provide a strategic update.
  • Management Participants: The call was moderated by Ms. Darshni Desai from MUFG Intime. Management participants included:
  • Mr. Anirudh Reddy – Non-executive and Non-independent Director
  • Mr. P. V. Krishna Reddy – Chief Financial Officer
  • Mr. Pradyumna Kodali – Chief Operating Officer
  • Presentation Availability: The company's investor presentation was referenced as having been uploaded on the stock exchange. The transcript itself was filed with the exchanges.
  • UPSI Statement: A standard disclaimer was given that the call may contain forward-looking statements based on management's beliefs and opinions. No explicit statement confirming that no Unpublished Price Sensitive Information (UPSI) would be shared was found in the provided transcript.

Financial Highlights Discussed:

  • Q4 FY26 Performance: Total revenue stood at INR 49.5 crores, up 35.3% YoY from INR 36.6 crores in Q4 FY25. Operating EBITDA was INR 15.6 crores, up 43.7% YoY, with an EBITDA margin of 31.4% (up 183 bps). Profit After Tax was INR 6 crores.
  • Full Year FY26 Performance: Total revenue was INR 149.7 crores, up 6.3% from INR 140.8 crores in FY25. EBITDA was INR 44.6 crores, up 20.6% YoY, with an EBITDA margin of 29.8% (up 353 bps).
  • Operational Metrics (Q4 FY26): Combined ADR was INR 7,605 (Marriott: INR 7,423, Courtyard: INR 8,010). Combined RevPar was INR 4,931. Room revenues were stable at INR 20.5 crores; Food & Beverage revenues were INR 13.4 crores.
  • Marriott Executive Apartments (Acquired 1st Jan 2026): Contributed room revenue of INR 9 crores and F&B revenue of INR 3.7 crores in Q4. ADR was INR 16,578 (up 6.9% YoY) and RevPar was INR 13,438 (up 3.2% YoY).
  • Forward-Looking Statements & Strategy: The company is executing a phased renovation program with an investment of INR 100+ crores. Phase 1 (Courtyard) is complete; Phase 2 (Marriott) began in April 2026 for completion in FY27; Phase 3 is targeted for FY28. The company is evaluating growth opportunities, including potential acquisitions of distressed assets through the NCLT. A new Courtyard property in Madhapur is targeted for opening in FY29 or FY30.

Additional Notes Section

  • The document provided is the full transcript of the earnings conference call, filed as a regulatory disclosure.
  • Financial data for the quarter and year was disclosed and discussed in detail during the call.
  • The transcript includes a comprehensive Q&A session with analysts covering topics such as customer mix, margin sustainability, debt levels, occupancy trends, renovation benefits, and dividend policy.