Apollo Sindoori Hotels Limited reported a net profit of ₹1,050.34 lakh for the financial year ended March 31, 2026, compared to ₹772.49 lakh in the previous year. Revenue from operations for FY26 stood at ₹64,162.31 lakh, an increase from ₹55,208.85 lakh in FY25. The Board of Directors recommended a final dividend of ₹3 per equity share, amounting to 60% of the face value of ₹5 per share, subject to shareholder approval at the ensuing Annual General Meeting.

The statutory auditors, P Chandrasekar LLP, Chartered Accountants, issued an unmodified opinion on the audited standalone and consolidated financial results. The company recorded an exceptional item of ₹273.57 lakh for the year, relating to an estimated incremental liability from the implementation of new Labour Codes impacting employee benefit liabilities.

Financial Performance

For the quarter ended March 31, 2026, the company reported a revenue of ₹18,235.22 lakh and a net profit of ₹270.87 lakh. Total comprehensive income for the year rose to ₹1,158.90 lakh from ₹1,156.20 lakh in the previous year. Earnings per share (EPS) for FY26 was recorded at ₹40.39, compared to ₹29.71 in FY25.

Key Managerial Personnel Changes

The Board meeting, held on May 27, 2026, approved the designation of Mr. N. Suresh, Chief Operating Officer, as a Key Managerial Personnel effective from the same date. Additionally, the Board noted the resignation of Ms. N A Madhavi, Company Secretary and Compliance Officer, effective from the close of business on June 15, 2026, due to personal reasons.

Apollo Sindoori Hotels Limited has announced a major contract win for its subsidiary, securing a housekeeping services agreement with the Indian Institute of Technology (IIT) Madras. The contract represents a significant business development for the hospitality company's diversified operations.

Contract Details

The subsidiary has received a formal contract offer from IIT Madras for comprehensive housekeeping services. The agreement carries substantial financial value and extends over a strategic timeframe.

Strategic Significance

This contract award demonstrates the subsidiary's capability to secure large-scale institutional contracts in the services sector. The agreement with IIT Madras, one of India's premier educational institutions, adds a prestigious client to the company's portfolio.

The 13-month contract duration provides revenue visibility for the subsidiary extending from February 2026 through March 2027. The substantial contract value of ₹23.48 crore represents a significant business opportunity in the institutional housekeeping services segment.

Business Impact

The contract win highlights Apollo Sindoori Hotels' diversified business approach through its subsidiary operations. Securing services contracts with reputed institutions like IIT Madras strengthens the company's position in the broader hospitality and services market beyond traditional hotel operations.