Key Event - Silvassa Flood Impact

On 22nd July 2026, operations at the company's flagship hotel property, VITS Kamats Resort Silvassa (Dadra & Nagar Haveli), were suspended due to unexpected flash floods and severe waterlogging. The adjacent river breached its banks, causing water to enter the hotel premises, and the main connecting bridge was overflowed, disrupting safe road access. The management safely evacuated the premises as a precautionary measure.

The financial impact on the net block of historical costs is ₹222.23 lakh, shown as "loss by flood" under Exceptional items. The company intimated the insurance company, and the claim is under process. After the close of the half year ended 30th September 2026, the insurance company released an advance payment of ₹315.00 lakh. The company has recognized this advance as income under Exceptional items. The final payment will be made after a final assessment of the loss incurred by the company and the lessor on a replacement cost method upon completion of repairs and installation of movable assets.

Standalone Financial Highlights (Q2 FY2027 vs Q2 FY2026)

  • Revenue from Operations: ₹473.35 lakh (vs ₹629.67 lakh YoY)
  • Other Income: ₹73.24 lakh (vs ₹63.29 lakh YoY)
  • Total Income: ₹546.59 lakh (vs ₹692.96 lakh YoY)
  • Total Expenses: ₹758.07 lakh (vs ₹620.34 lakh YoY)
  • Profit before Exceptional Items & Tax: ₹(211.48) lakh (vs ₹72.82 lakh YoY)
  • Exceptional Items: ₹106.00 lakh (primarily insurance advance of ₹315.00 lakh recognized as income, net of flood loss of ₹222.23 lakh and a gain of ₹13.23 lakh from lease termination)
  • Profit before Tax: ₹(105.48) lakh (vs ₹72.62 lakh YoY)
  • Tax Expense: ₹(127.42) lakh (includes deferred tax credit of ₹41.01 lakh)
  • Profit/(Loss) for the Period: ₹(70.85) lakh (vs ₹49.41 lakh YoY)
  • Earnings Per Share (Basic/Diluted): ₹(0.43) (vs ₹0.34 YoY)

Standalone Financial Highlights (H1 FY2027 vs H1 FY2026)

  • Revenue from Operations: ₹1,218.63 lakh (vs ₹1,308.22 lakh YoY)
  • Other Income: ₹150.56 lakh (vs ₹133.42 lakh YoY)
  • Total Income: ₹1,369.19 lakh (vs ₹1,441.64 lakh YoY)
  • Total Expenses: ₹1,514.97 lakh (vs ₹1,297.50 lakh YoY)
  • Profit before Exceptional Items & Tax: ₹(145.78) lakh (vs ₹144.14 lakh YoY)
  • Exceptional Items: ₹106.00 lakh
  • Profit before Tax: ₹(39.78) lakh (vs ₹144.14 lakh YoY)
  • Tax Expense: ₹(110.34) lakh
  • Profit/(Loss) for the Period: ₹(22.64) lakh (vs ₹102.71 lakh YoY)
  • Earnings Per Share (Basic/Diluted): ₹(0.16) (vs ₹0.69 YoY)

Consolidated Financial Highlights (Q2 FY2027)

  • Revenue from Operations: ₹1,018.70 lakh
  • Other Income: ₹29.21 lakh
  • Total Income: ₹1,047.91 lakh
  • Total Expenses: ₹1,397.68 lakh
  • Profit before Exceptional Items & Tax: ₹(349.77) lakh
  • Exceptional Items: ₹126.38 lakh
  • Profit before Tax: ₹(223.39) lakh
  • Tax Expense: ₹(146.07) lakh
  • Profit/(Loss) for the Period attributable to Owners: ₹(161.60) lakh
  • Earnings Per Share (Basic/Diluted): ₹(0.97)

Consolidated Financial Highlights (H1 FY2027)

  • Revenue from Operations: ₹2,515.79 lakh
  • Other Income: ₹66.44 lakh
  • Total Income: ₹2,582.23 lakh
  • Total Expenses: ₹2,885.53 lakh
  • Profit before Exceptional Items & Tax: ₹(303.30) lakh
  • Exceptional Items: ₹142.81 lakh
  • Profit before Tax: ₹(160.49) lakh
  • Tax Expense: ₹(117.09) lakh
  • Profit/(Loss) for the Period attributable to Owners: ₹(133.46) lakh
  • Earnings Per Share (Basic/Diluted): ₹(0.79)

Capital Structure

  • Paid-up Equity Share Capital (as of 30th Sept 2026): ₹1,819.92 lakh (Face value ₹10 per share)
  • Reserves (Other Equity) (Standalone): ₹4,497.30 lakh (vs ₹3,927.92 lakh as of 31st Mar 2026)

Subsidiaries and Associates

The consolidated results include:

  • Yitizen Hotels Limited (Subsidiary): Total assets of ₹6,225.90 lakh as of 30th September 2026; total revenue of ₹1,310.87 lakh and net loss of ₹(19.51) lakh for H1 FY2027.
  • Vits Hospitality Company Limited (Foreign Associate of Subsidiary): Share of net profit/loss considered as Nil for the period.

Auditor's Review

The statutory auditors, Chaturvedi Sohan & Co. (FRN: 118424W), have issued a limited review report. They emphasized the matter regarding the flood impact and insurance claim but did not modify their conclusion. Their review provides moderate assurance that the financial results are free from material misstatement.

Additional Notes

  • There are no reportable segments as the group operates only in hospitality and allied services.
  • No investor complaints were pending as of 30th September 2026.
  • Previous period figures have been regrouped and rearranged wherever necessary.