Jungle Camps India Limited has published the transcript of its earnings conference call for the quarter ended June 30, 2026. The discussion covered the company’s unaudited financial results for Q1FY27 and its expansion strategy.

The conference call was held on Tuesday, August 18, 2026. Jungle Camps disclosed the transcript pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. The disclosure was issued by Surbhi, Company Secretary and Compliance Officer, to the Listing Operation Department at BSE Limited.

Financial Performance

Jungle Camps reported a 12% year-on-year increase in revenue from operations in Q1FY27, reaching ₹5.97 crore compared to ₹5.35 crore in Q1FY26. Total income rose to ₹6.25 crore from ₹5.70 crore in the previous year. Other income declined to ₹0.28 crore from ₹0.35 crore.

Despite the top-line growth, profitability contracted due to higher operating expenses and exceptional items. EBITDA fell to ₹1.69 crore (margin of 27%) from ₹1.81 crore (margin of 32%) in Q1FY26. Profit after tax (PAT) dropped significantly to ₹0.47 crore from ₹1.13 crore in the prior year period. The decline was driven by an exceptional expense of ₹0.52 crore related to right-of-use project expenditure for the Parsili project, which was cancelled due to regulatory constraints.

Operational Metrics

The company recorded a 5% year-on-year growth in Average Daily Rate (ADR), which stood at ₹10,539 in Q1FY27 compared to ₹10,072 in Q1FY26. Occupancy rates improved by 2 percentage points to 45% from 43%. Consequently, Revenue Per Available Room (RevPAR) increased by 9% to ₹4,763 from ₹4,353 in the same quarter last year. Total room nights occupied rose by 5% to 3,907 from 3,736.

Management highlighted that the wildlife safari season typically runs from October to March, with slower activity during April to June due to high temperatures. Parks are generally closed from July to September, though properties remain open with discounted rates.

Expansion and Pipeline

Jungle Camps is actively expanding its portfolio through several key projects:

• Mathura Hotel: A partnership with IHG under the Holiday Inn Express brand, scaled up to 105 rooms. Targeted opening is FY28. The project cost is ₹49 crore, funded partly by IPO proceeds and ₹32 crore debt from HDFC Bank at 8.14% interest.
• Sheopur Fort: A heritage hotel project near Ranthambore. The company plans to develop 35–40 rooms initially out of a total budget of ₹25 crore. Debt financing of ₹17.5 crore is secured from HDFC Bank.
• Devprayag: A 22-room property in Uttarakhand that commenced operations recently. Expected ADR is between ₹5,000 and ₹6,000.
• Palash Kothi: A 20-room managed property in Bandhavgarh under a five-year management agreement. Revenue share is 13%.
• Kukru Jungle Camp: A tented camp in Melghat Tiger Reserve, Maharashtra, planned at a cost of ₹7–7.5 crore. Expected to be operational by late FY28.

What the Numbers Show

While top-line revenue grew 12%, the bottom line was heavily impacted by non-recurring charges. The ₹0.52 crore exceptional expense related to the cancelled Parsili project accounted for more than the entire PAT of ₹0.47 crore. Excluding this one-time cost, the operational profit before tax would have been approximately ₹0.99 crore, indicating that core operational margins remain resilient despite the seasonal slowdown and new property setup costs. Management noted that new properties typically take 4–6 months to stabilize and break even.

Balance Sheet and Debt

The company expects its peak debt to reach around ₹50 crore by FY28 as Mathura and Sheopur projects come online. Both loans carry a two-year moratorium followed by a seven-year repayment period. The initial monthly EMI for both properties combined will be approximately ₹53 lakh (₹6.5 crore annually). Management stated that projected revenues of ₹18–20 crore for Mathura and ₹12 crore for Sheopur should comfortably service the debt obligations.

Jungle Camps India Limited reported its unaudited financial results for the first quarter ended June 30, 2026, with total income standing at ₹23.28 crore. The company’s board approved the figures on August 14, 2026, ahead of a conference call scheduled for August 18, 2026.

The hospitality firm recorded an EBITDA of ₹7.48 crore, translating to a margin of 30%. Profit after tax (PAT) came in at ₹4.22 crore. These results reflect the performance of its operational portfolio, which includes eight properties across Madhya Pradesh, Maharashtra, Rajasthan, and Uttarakhand.

Financial Performance

The company’s key financial metrics for Q1FY27 highlight strong operational efficiency despite a modest occupancy rate.

The flagship Pench Jungle Camp contributed significantly to these numbers, reporting an ADR of ₹9,759 with 1,538 rooms occupied during the quarter.

What the Numbers Show

The company disclosed an exceptional expense of ₹0.52 crore in the quarter. This amount relates to the write-off of project-related expenditure for the Parsili project, which was cancelled due to regulatory and environmental constraints. The expense is classified as non-recurring, meaning it does not reflect ongoing operational costs. Investors should note that this one-time charge impacts the bottom line but is separate from core business profitability.

Growth Pipeline and Strategy

Jungle Camps continues to expand its footprint through a mix of owned and managed assets. The company currently operates eight properties with 137 installed room keys. Its pipeline includes four additional projects:

• Sheopur Fort Hotel: A 60-key heritage hotel under renovation on a 90-year lease from the Madhya Pradesh Tourism Board. Funding is sourced from IPO proceeds and HDFC Bank borrowings.
• Holiday Inn Express Partnership: A new property in partnership with IHG, featuring 105 rooms and a 160-pax restaurant. Operations are targeted for FY27-28.
• Kukru Jungle Camp: A proposed wildlife resort near Melghat Tiger Reserve, funded entirely through internal accruals.
• Advanced Discussions: Talks are ongoing for potential leases or management contracts in Panna, Satpura, Sariska, and Jawai. The company also holds land at Ratapani Tiger Reserve, where construction is expected to commence shortly after permissions are obtained.

IPO Proceeds Utilization

As of June 30, 2026, the company has utilized funds from its ₹29.42 crore IPO issue as follows:

• ₹11.5 crore: Investment in subsidiary Madhuvan Hospitality Private Limited for the Mathura Hotel Project.
• ₹7.0 crore: Reallocation from Sanjay Dogri National Park to Sheopur Heritage.
• ₹3.5 crore: Renovation of Pench Jungle Camp.
• ₹7.42 crore: General purpose and issue expenses.