Juniper Hotels Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 21, 2026. The company reported its highest ever total income of INR 1,069.1 Cr for the full fiscal year, marking a 10% year-on-year increase.

Financial Performance

For the fourth quarter, the company recorded a total income of INR 306.8 Cr, an increase of 7% compared to the corresponding period of the previous year. EBITDA, including other income, stood at INR 138.0 Cr, up 9% year-on-year, with margins expanding by 1 percentage point to 45%. Profit after tax for the quarter was INR 50.4 Cr.

Operational Highlights

The company achieved a consolidated Average Room Rate (ARR) of INR 13,457 in Q4 FY26, an 8% increase from the previous year, while occupancy remained stable at 81%. Consolidated Revenue Per Available Room (RevPAR) grew 8% to INR 10,863. For the full year, PAT surged 99% to INR 141.6 Cr.

Strategic Developments

Juniper Hotels received a Letter of Award from the Delhi Development Authority (DDA) for the development of a ~500-key luxury hotel project in Dwarka, New Delhi. The company expects its total inventory in Delhi to exceed 1,000 keys upon completion. Additionally, the Bengaluru Phase I project is scheduled to be operational by Q2FY27 under the Westin brand.

Board Decisions

The Board approved the re-appointment of Mr. Arun Kumar Saraf as Chairman and Managing Director for a period of three years effective March 1, 2027, subject to shareholder approval. Furthermore, the Board approved the re-appointment of M/s. S R B C & CO LLP as Statutory Auditor and M/s. Protiviti India Member Private Limited as Internal Auditor. The company also approved the acquisition of 100% equity share capital of Juniper Hospitality Assets Private Limited (JHAPL) for a consideration of INR 1.00 Lakh to facilitate the Dwarka project.

Juniper Hotels Limited has settled fines imposed by both the National Stock Exchange of India Limited (NSE) and BSE Limited. The exchange authorities levied a penalty of ₹4,60,200 (incl. GST) each on the company for failing to adhere to specific regulatory norms governing its board structure.

Regulatory Non-Compliance

The penalties were issued following a communication dated February 27, 2026, from the stock exchanges. The non-compliance pertained to Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation specifically mandates requirements for the composition of the Board of Directors. The lapse was identified for the period ranging from October 01, 2025, to December 17, 2025.

Board Composition and Appointment

In response to the situation, the Board of Directors acknowledged the delay in compliance. The company stated that its board includes a balanced mix of Executive and Non-Executive Directors, with a higher representation of Non-Executive Directors. To rectify the specific non-compliance, the company undertook a diligent selection process resulting in the appointment of Mr. Mayur Chokshi (DIN: 01238535) as an Independent Director. This appointment was effective from December 18, 2025. Consequently, the company confirmed that it is presently in compliance with the requirements of Regulation 17 of the SEBI Listing Regulations.

Financial Impact and Compliance Status

The company has paid the fines levied by both exchanges within the prescribed timeline. The Board emphasized the critical importance of adhering to regulatory timelines and advised management to take necessary steps to prevent future instances of non-compliance.