Espire Hospitality Limited reported a revenue of ₹13,424.61 lakh for the financial year ended March 31, 2026, compared to ₹11,954.75 lakh in the previous year. The company recorded a profit after tax (PAT) of ₹812.39 lakh for FY26, slightly lower than the ₹827.35 lakh reported in the prior year. The board approved the audited standalone financial results for the quarter and year ended March 31, 2026, during a meeting held on June 10, 2026.

Bansal & Co LLP, the statutory auditors, issued a qualified opinion on the financial results. The qualification arose because the company migrated its accounting records to a new Enterprise Resource Planning (ERP) system during the year. As of March 31, 2026, customer-wise sub-ledgers of trade receivables aggregating ₹81.55 lakhs, vendor-wise sub-ledgers of trade payables aggregating ₹645.00 lakhs, party-wise balances of advances to vendors totaling ₹471.35 lakhs, and GST balances had not been fully reconciled with the general ledger or counterparties. Consequently, the auditors were unable to verify the existence, completeness, accuracy, recoverability, and valuation of these balances.

For the quarter ended March 31, 2026, the company reported a revenue from operations of ₹4,267.04 lakh and a PAT of ₹422.06 lakh. Total income for the quarter stood at ₹4,872.79 lakh, while total expenses were ₹4,437.12 lakh. The earnings per share (EPS) for the quarter was ₹2.84 on a basic and diluted basis.

Financial Performance Summary

The trading window for dealing in the company's securities, which was closed since March 31, 2026, will reopen 48 hours after the declaration of these financial results. Sumeer Narain Mathur, Company Secretary and Compliance Officer, signed the regulatory filing.

Espire Hospitality Limited has approached BSE Limited seeking an extension until June 10, 2026, to submit its audited financial statements for the financial year ended March 31, 2026. The request comes after the company encountered operational hurdles during the year-end closing process that prevented the finalization of accounts within the timeline stipulated by Regulation 33(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.

The transition of the accounting system at certain locations to a new ERP platform necessitated extensive data verification, validation, and reconciliation. This migration process required a thorough review of location-wise accounting records and ledger balances to ensure the accuracy of financial information prior to finalization.

Additionally, the company faced delays in receiving balance confirmations and related information from certain external business partners, which are critical for the completion of audit procedures. The opening of new hotel properties during the year also led to the temporary movement of finance and operational personnel across locations, impacting the timely preparation of year-end schedules and audit documentation.

Consequently, the completion of the books of account and statutory audit procedures took longer than anticipated. The management and auditors are working diligently to complete all pending procedures. The company expressed regret for the inconvenience and assured the exchange of its commitment to submitting the audited financial statements within the requested extended period.