Jungle Camps reported a sharp decline in profitability for the first quarter of FY26, as operational headwinds and exceptional items weighed heavily on the bottom line. The company’s Board of Directors, in a meeting held on August 14, 2026, approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

Consolidated net profit after tax and minority interest fell 64% year-on-year (YoY) to ₹41.86 lakh, compared to ₹103.13 lakh in Q1FY25. On a sequential basis, profits dropped significantly from ₹228.17 lakh in Q4FY25. Standalone performance was more subdued, with net profit plummeting 96.8% YoY to ₹1.60 lakh from ₹50.36 lakh in the corresponding period last year.

Revenue Growth Amidst Margin Pressure

Despite the profit contraction, top-line growth remained positive. Consolidated revenue from operations rose 11.5% YoY to ₹596.84 lakh, up from ₹535.08 lakh in Q1FY25. Standalone revenue from operations also saw a modest increase of 1.7% YoY, reaching ₹252.15 lakh from ₹248.02 lakh.

However, this revenue growth was offset by rising expenses. Total consolidated expenses increased 19.9% YoY to ₹509.12 lakh, outpacing revenue growth. Key cost drivers included a rise in food and beverages consumed expenses to ₹101.74 lakh (from ₹74.83 lakh) and employee benefit expenses climbing to ₹148.06 lakh (from ₹126.77 lakh). Depreciation and amortization expenses also surged 42.2% YoY to ₹51.73 lakh.

What the Numbers Show

The divergence between revenue growth and profit contraction highlights margin compression. While revenue grew 11.5%, total expenses grew nearly twice as fast at 19.2%. Furthermore, the consolidated operating margin contracted to 0.15% in Q1FY26, down from 0.21% in Q1FY25. This suggests that current operational efficiencies are not keeping pace with volume or pricing gains, leading to thinner margins despite higher sales.

Exceptional Items and Legal Developments

A material exceptional item impacted the quarter’s results. The company recorded an exceptional expense of ₹51.79 lakh, representing a write-off of pre-operative and project-related expenditures for a proposed resort in Sidhi, Madhya Pradesh. The Madhya Pradesh Tourism Board cancelled the lease deed due to non-approval from the Forest Department and State Wildlife Board, rendering the land unsuitable for development.

Additionally, the company provided updates on two key legal matters:

• Land Dispute Recovery: In a dispute over land purchased near Panna Tiger Reserve for ₹1.88 crore, the company recovered ₹1.34 crore following court-directed freezing of the seller’s bank accounts. The balance remains classified as a current receivable, contingent on litigation outcomes.
• Refund Entitlement: Following the cancellation of the Sidhi lease, the company is entitled to a refund of ₹1.22 crore upfront premium and ₹50 lakh performance security bank guarantee from the Madhya Pradesh Tourism Board.

Balance Sheet and Liquidity

The company maintains a strong liquidity position. Consolidated cash and cash equivalents stood at ₹1,667.36 lakh as of June 30, 2026, though this represents a decline from ₹1,887.34 lakh at the end of FY25. Unutilized IPO proceeds worth ₹971 lakh remain invested in fixed deposits with HDFC Bank Limited.

Debt levels remain low, with a consolidated debt-equity ratio of 0.11, slightly up from 0.10 in Q4FY25. The interest service coverage ratio stands at 10.11, indicating adequate ability to meet interest obligations from operating earnings.

Jungle Camps India Ltd has filed a civil suit to recover Rs 54,26,522 from land sellers, citing the discovery of a concealed legal dispute regarding a property transaction. The suit was filed on June 16, 2026, before the Civil Court in Rajnagar, Chhatarpur, Madhya Pradesh, seeking the recovery of the remaining balance of the land consideration and associated stamp duty. The legal action follows the company's discovery that the sellers had allegedly hidden a pre-existing dispute despite providing written declarations that the land was free from encumbrances.

The dispute relates to a land parcel measuring 5.054 hectares in Village Shivrajpur, District Chhatarpur, acquired in October 2025. The total agreed consideration for the land was Rs 1,79,45,000, plus stamp duty and registration charges of Rs 8,81,522. Following the discovery of the issue, the company had previously filed a complaint with the Police Station Bamitha on December 26, 2025.

Financial Status of Transaction

Pursuant to an order from the Hon'ble High Court of Madhya Pradesh, Jabalpur Bench, the company has already received Rs 1,34,00,000 in its bank account from the sellers. The current civil suit targets the outstanding balance of Rs 54,26,522, which includes the remaining consideration and the stamp duty paid by the company.

Litigation Details

The opposing parties named in the suit are Mr. Khadian, Mr. Kamlesh Kushwaha, Mr. Dhadu Kushwaha, and Mr. Giraju Kushwaha. The company initiated the action based on legal advice after the concealed dispute came to light during the mutation process. The status of the action is currently listed as a civil suit filed for the specified recovery amount.