Tag
Hospitality
22 articles
The hospitality sector demonstrated resilience and growth in the June quarter, with several companies reporting positive financial results. Apeejay Surrendra Park Hotels achieved a high occupancy rate of 92% and reported an 8.1% year-over-year revenue increase, while Speciality Restaurants saw a 9.2% revenue growth and maintained 19 consecutive profitable quarters. Juniper Hotels experienced a significant 270% surge in profit after tax, driven by improved operational metrics and expansion plans, while Kamat Hotels reported a 10% revenue increase and expanded EBITDA margins. These developments suggest a strengthening demand and improving performance within the Indian hospitality market, though rising operational costs remain a factor to monitor for future profitability.
Supreme Court Takes Sarvaria Appeal On Board
The Supreme Court orally mentioned Civil Appeal No. 4268/2026 on 18 Aug 2026 involving Abhishek Nath Sarvaria vs JC World Hospitality Pvt. Ltd. & Ors.
Justices Sanjay Kumar and Sanjeev Sachdeva ordere
Speciality Restaurants FY26 Revenue Grows 9.2% to ₹476 Crore
Speciality Restaurants reported consolidated revenue growth of 9.22% to ₹476.47 crore with PAT of ₹20.72 crore after absorbing an exceptional employee-benefit charge of ₹3.34 crore.
The Board recommen
Apeejay Surrendra Park Hotels Q1 FY27 Results
Apeejay Surrendra Park Hotels reported Q1 FY27 revenue of ₹166.8 crore, up 8.1% YoY, with PAT at ₹11.5 crore.
Achieved India's highest occupancy rate of 92% and RevPAR leadership in the upper-upscale
Sayaji Hotels Dispatches AGM Notice to Non-Registered Shareholders
Sayaji Hotels dispatched letters to shareholders without registered email addresses to comply with SEBI Listing Regulations.
The letters provide a web link to access the Annual Report for the financia
Taj GVK Receives IHCL Promoter Reclassification Request
IHCL requested reclassification from promoter to public category after selling its entire 25.52% stake in Taj GVK.
Taj GVK's board approved the reclassification request on July 31, 2026, under SEBI Li
Sayaji Hotels Dispatches AGM Notice to Non-Email Shareholders
Sayaji Hotels intimated BSE of dispatching physical letters to shareholders without registered emails for AGM notice access.
The 8th AGM is scheduled for September 4, 2026, at 3:00 PM IST via video co
Supreme Court Grants Adjournment to Vengad Resorts
Supreme Court heard petition for special leave to appeal (C) No.12823/2026 on 17 Aug 2026 involving Union of India vs Vengad Resorts.
The bench comprised Justices Pamidighantam Sri Narasimha and Alok
UHM Vacation Ltd Signs B2B Agreement with ITRIP LLC
UHM Vacation Limited executed a DMC Extranet B2B Agreement with Saudi Arabia-based ITRIP LLC for hotel and travel services cooperation.
The agreement enables ITRIP LLC to resale hotel accommodation an
EIH Associated Hotels Q1 FY27 PAT Up 10%
EIH Associated Hotels submitted its Q1 FY27 investor presentation pursuant to SEBI Listing Regulations.
Company reported PAT of ₹6.9 crore, up 10% YoY, with revenue of ₹65.9 crore and EBITDA of ₹12.9
Arihant Superstructures Q1 FY27 Sales Up 15% YoY
Arihant Superstructures reported Q1 FY27 consolidated revenue of INR 132 crore, up 9% YoY, with a PAT of INR 10 crore.
Sales bookings for the quarter reached 2.31 lakh sq. ft. (221 units) worth INR 17
Arihant Superstructures Q1 FY27 Sales Up 15%
Arihant Superstructures reported Q1 FY27 sales bookings of 221 units worth INR 173 crores, a 15% YoY growth in both area and value.
The company received occupancy certificates for 1,495 units across f
Apeejay Surrendra Park Hotels Q1 Revenue Up 8.1% YoY
• Presented Q1 FY27 financial results with revenue of ₹1,668 Mn, an 8.1% YoY increase, and a PAT of ₹115 Mn.
• Maintained industry-leading occupancy of 92% and highlighted strong sales from its EM Byp
Ashoka Hotel Workmen Appeal Listed Sep 2026
Supreme Court listed Special Leave to Appeal petitions (Nos. 32314‑32315/2025) filed by Ashoka Hotel Mazdoor Janta Union against hotel management.
The petitions arise from a High Court judgment dated
Supreme Court Dismisses Ten 11 Hospitality Appeal
Supreme Court heard petition by Ten 11 Hospitality Pvt Ltd against IRCTC on 14 Aug 2026.
The Court, comprising Justices Pamidighantam, Sri Narasimha and Alok Aradhe, refused to interfere with the High
Advani Hotels Q1 Net Profit Up 11% YoY
• Advani Hotels approved Q1 FY27 unaudited standalone results, reporting an 11% YoY net profit increase to ₹1,292 lakhs.
• The board approved a capacity expansion plan to add 28-56 rooms at its Goa re
Ambica Agarbathies Q1 Net Profit Rises to ₹110.53 Lakh
Ambica Agarbathies reported Q1 FY27 standalone net profit of ₹110.53 lakh, significantly higher than ₹25.91 lakh in Q4 FY26.
Total income declined to ₹2663.22 lakh from ₹3188.15 lakh in Q1 FY26, with
Prajay Engineers Q1 FY2027 Unaudited Financial Results
Board approved unaudited standalone and consolidated financial results for Q1 ended June 30, 2026.
Construction segment reported revenue of ₹123.56 lakh standalone and ₹153.56 lakh consolidated.
Settl
Juniper Hotels Q1 FY27 PAT Surges 270% YoY
Juniper Hotels reported unaudited Q1 FY27 results with Profit After Tax surging 270% YoY to ₹33.3 Cr.
Total income grew 11% YoY to ₹252.2 Cr while EBITDA margin compressed to 35% from 38% in Q1 FY26.
Kamat Hotels Q1 FY27 Revenue Rises 10% to ₹91 Cr
Kamat Hotels reported Q1 FY27 consolidated revenue of ₹91 crore, a 10% YoY growth, with EBITDA surging 36% to ₹25 crore.
EBITDA margins expanded by 530 basis points to 27%, driven by operational effic
TAJ GVK Approves IHCL Promoter Reclassification to Public
TAJ GVK board approved reclassification of Indian Hotels Company Limited from promoter group to public shareholder on July 31, 2026.
IHCL holds 0% equity shares and confirmed compliance with all SEBI
TAJ GVK Approves IHCL Promoter to Public Reclassification
TAJ GVK Hotels board approved reclassifying Indian Hotels Company Limited from promoter to public shareholder category.
IHCL holds zero equity shares and confirmed no control, special rights, or board
Prestige Group and BACL Unveil Bengaluru Airport Convention Hub
Prestige Group partners with Bengaluru Airport City Limited to develop a landmark integrated convention and hospitality destination within Bengaluru Airport City.
The development includes a state-of-t