Kamat Hotels (India) Limited has announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board approved the results at a meeting held on May 12, 2026, following a review by the Audit Committee and statutory auditors N. A. Shah Associates LLP. The company has also submitted the transcript of its Q4 & FY26 Earnings Conference Call held on May 13, 2026, to the stock exchanges.

Q4 Consolidated Highlights

Kamat Hotels delivered a strong performance in Q4 on a consolidated basis, with revenue from operations rising to ₹11,011.99 lakhs versus ₹9,237.91 lakhs in the same period last year. EBITDA for the quarter came in at ₹319 million compared to ₹248 million year-on-year, with the EBITDA margin expanding to 28.97% from 26.90%. Consolidated net profit for Q4 grew to ₹1,745.70 lakhs from ₹1,098.74 lakhs in the corresponding period of the prior year. The table below summarises the key Q4 consolidated metrics:

Standalone Financial Performance

On a standalone basis, Kamat Hotels reported total income of ₹29,350.01 lakhs for the year ended March 31, 2026, compared to ₹29,159.09 lakhs in the previous year. Revenue from operations for the full year stood at ₹26,352.90 lakhs against ₹26,448.39 lakhs in the prior year. Net profit for the year came in at ₹4,036.92 lakhs, compared to ₹5,037.31 lakhs in the previous year. The following table summarises the key standalone financial metrics:

Standalone total assets as at March 31, 2026 stood at ₹63,394.59 lakhs, up from ₹57,484.09 lakhs a year ago. Equity (share capital and other equity combined) rose to ₹41,538.71 lakhs from ₹37,420.24 lakhs. Net cash generated from operating activities for the year was ₹5,621.18 lakhs, compared to ₹3,358.32 lakhs in the prior year.

Consolidated Financial Performance

On a consolidated basis, Kamat Hotels reported total income of ₹39,982.77 lakhs for the year ended March 31, 2026, compared to ₹36,479.87 lakhs in the previous year. Revenue from operations grew to ₹38,563.18 lakhs from ₹35,697.01 lakhs. Consolidated net profit for the year stood at ₹3,855.30 lakhs versus ₹4,658.42 lakhs in the prior year. The table below presents the key consolidated financial highlights:

Consolidated total assets as at March 31, 2026 stood at ₹68,027.59 lakhs, up from ₹58,919.91 lakhs in the prior year. Total equity, including non-controlling interest of ₹1,659.19 lakhs, stood at ₹33,260.28 lakhs. Net cash generated from consolidated operating activities for the year was ₹9,771.11 lakhs, compared to ₹6,621.89 lakhs in the previous year. The consolidated results include ILEX Developers & Resorts Limited, which was reclassified from a joint venture to a subsidiary with effect from April 01, 2025.

Management Commentary

During the earnings conference call, Executive Director Mr. Vishal Vithal Kamat highlighted that the company is cautiously optimistic about the future, focusing on domestic demand which remains robust. He noted that while new hotel additions initially impacted occupancy and ARR metrics, these properties are expected to stabilize and contribute to EBITDA growth in FY27. The company faced challenges with project delays due to supply chain issues, specifically regarding LPG availability affecting tile manufacturing. Mr. Kamat also announced the appointment of Mr. Milind Wadekar as the new Chief Financial Officer (CFO), bringing extensive experience from Chalet Hotels and The Leela. Regarding the IRA Mumbai facility, which ceased operations on April 1, 2026, management indicated that while it contributed approximately INR 50 crores to the top line, its exit is expected to be EBITDA positive by INR 1-2 crores annually.

Kamat Hotels (India) Limited has signed an agreement for the management and operations of a second luxury hotel in Dwarka, Gujarat, under its flagship brand The Orchid. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on May 14, 2026. This expansion marks another addition to the company's hospitality portfolio in the state of Gujarat.

Property Details and Amenities

The new property, to be branded as The Orchid Hotel at Dwarka, will offer approximately 63 well-appointed guest rooms. The hotel has been designed to cater to both pilgrims and leisure travellers, combining modern comfort with sustainable luxury. The key facilities planned for the property are outlined below:

Strategic Significance of Dwarka

Dwarka, situated on the western coast of Gujarat, holds considerable religious and cultural importance. It is one of the Char Dham pilgrimage sites and one of the Sapta Puri (seven holy cities) of Hinduism. The city is home to the Dwarkadhish Temple, the sacred Bet Dwarka island, and the Nageshwar Jyotirlinga, attracting millions of pilgrims and travellers annually. The inauguration of the Sudarshan Setu and ongoing infrastructure development have further positioned Dwarka as an emerging spiritual tourism hub.

Management Commentary

Dr. Vithal Kamat, Executive Chairman & Managing Director, stated that the launch of the second hotel under the Orchid brand in Dwarka marks a significant milestone in strengthening the company's footprint in Gujarat. He noted that Dwarka is one of India's most revered spiritual destinations and that the expansion reinforces the company's commitment to offering eco-conscious hospitality to pilgrims and leisure travellers.

Mr. Vishal Kamat, Executive Director, indicated that the hotel is expected to be operational by December 2026 and will cater to the rising influx of devotees and tourists visiting the city.

Regulatory Disclosure

The agreement was disclosed to BSE Limited and the National Stock Exchange of India Limited on May 14, 2026, in compliance with Regulation 30 of the SEBI Listing Regulations. The disclosure was signed by Nikhil Singh, Company Secretary & Compliance Officer of Kamat Hotels (India) Limited.

Source: None/Company/INE967C01018/dbd51ebfbb1d457a.pdf