Brigade Hotel Ventures Limited has issued a corrigendum for its Q4 FY26 investor presentation, correcting calculation errors in key financial metrics. The company filed the correction on April 29, 2026, addressing inaccuracies in slide number 36 pertaining to Return on Adjusted Capital and Return on Operating Capital Employed percentages.

Presentation Correction Details

The corrigendum specifically addresses calculation errors in the graph for Return on Adjusted Capital and Return on Operating Capital Employed metrics. The company has provided detailed calculations in the notes below the corrected graph to ensure transparency and accuracy in financial reporting.

Regulatory Compliance

The revised investor presentation has been submitted to both the National Stock Exchange of India Limited and BSE Limited under the company's regulatory obligations. Company Secretary and Compliance Officer Akanksha Bijawat signed the corrigendum filing, ensuring proper documentation of the corrections.

Company Information

Brigade Hotel Ventures Limited operates under scrip symbol BRIGHOTEL on NSE and scrip code 544457 on BSE. The company maintains its commitment to accurate financial reporting and transparent communication with investors through timely corrections and updates to presentation materials.

Brigade Hotel Ventures Limited's board of directors convened on April 28, 2026, to approve the audited consolidated and standalone financial results for Q4FY26 and FY26. The company announced strong financial performance with consolidated total revenue of ₹146 crores for Q4FY26, representing 8% growth over Q4FY25, while profit after tax surged 92% year-on-year to ₹25 crores.

Board Meeting Decisions and Regulatory Compliance

The board meeting, held from 2:30 p.m. to 4:20 p.m., approved several key decisions under SEBI Listing Regulations. The audited consolidated and standalone financial results for Q4FY26 and FY26 were approved along with audit reports from statutory auditors S.R. Batliboi & Associates LLP. The company declared that audit reports issued for FY26 carry unmodified opinion, indicating clean financial statements without qualifications.

Q4FY26 Financial Performance Highlights

The hospitality company demonstrated robust operational performance during the quarter, with consolidated revenue from operations reaching ₹136 crores compared to ₹134 crores in Q4FY25. EBITDA grew 13% to ₹58 crores, while profit after tax nearly doubled despite operational challenges from elevated airfares and softer travel demand.

Senior Management Personnel Change

In a significant organizational development, Manoj Agarwal, Chief Operating Officer and Senior Management Personnel, tendered his resignation on April 16, 2026, citing personal reasons including his decision to relocate from Bangalore to be closer to his family. His resignation has been approved by the board, and he will be relieved from duties at the closure of business hours on July 16, 2026.

Annual Performance FY26

For the full financial year FY26, Brigade Hotel Ventures reported consolidated revenue of ₹543 crores, marking 15% growth over FY25. The company achieved remarkable profitability improvement with PAT growing 174% to ₹65 crores from ₹24 crores in FY25. Revenue from operations stood at ₹525 crores compared to ₹468 crores in FY25, while EBITDA maintained 15% growth to ₹192 crores.

Operational Metrics and Strategic Position

The company achieved strong pricing power with Average Room Revenue growing 7% year-on-year from ₹7,548 to ₹8,066. Revenue per Available Room increased 6% from ₹5,935 to ₹6,295, supported by healthy occupancy levels of 78.0%. The company continues to operate nine hotels across key South Indian cities with 1,604 keys through partnerships with global hospitality brands including Marriott, Accor, and InterContinental Hotels Group. Managing Director Nirupa Shankar emphasized the company's disciplined revenue management approach and focus on expansion plans to build a well-diversified portfolio for long-term growth.