Kamat Hotels reported a consolidated net profit of ₹9.69 crore for the first quarter ended June 30, 2026, marking a 131% year-on-year increase from ₹4.23 crore in Q1FY25. The hospitality group’s revenue from operations grew 9.7% to ₹90.54 crore, reflecting steady demand across its portfolio. EBITDA rose to ₹24.6 crore from ₹18.1 crore, with the EBITDA margin expanding significantly to 27.17% from 22% in the corresponding period last year. This performance underscores improved operational efficiency and cost management amid a recovering travel sector.

The Board of Directors approved the unaudited standalone and consolidated financial results on August 11, 2026, pursuant to Regulations 30, 33, 51, and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors N. A. Shah Associates LLP issued limited review reports on both standalone and consolidated statements. In addition to financial approvals, the Board adopted the "Kamat Hotels (India) Limited – Employee Stock Option Scheme 2026" (ESOS 2026), subject to shareholder approval at the upcoming Annual General Meeting.

Financial Performance

The company’s standalone net profit stood at ₹10.63 crore, up 25% from ₹8.50 crore in Q1FY25. Standalone revenue from operations increased 4.2% to ₹58.53 crore. Basic earnings per share (EPS) for the consolidated entity were ₹3.19, compared to ₹1.39 in the previous year’s quarter. Consolidated total income reached ₹93.01 crore, with other income contributing ₹2.48 crore. Total expenses amounted to ₹79.44 crore, including employee benefits of ₹22.02 crore and finance costs of ₹5.86 crore.

Corporate Developments and Disclosures

The Board approved ESOS 2026, allowing grants of up to 8,84,500 options to eligible employees and subsidiaries. The exercise price will be determined by the Nomination and Remuneration Committee at face value, not exceeding the market price on the grant date. Options will vest over time and be exercisable within four years of vesting. M/s. Kirtane & Pandit LLP was reappointed as Internal Auditor for FY2026-27.

The Board also recommended continuing Mr. Vilas Ramchandra Koranne as a Non-Executive Independent Director beyond the age of 75, pending special resolution approval under Regulation 17(1A) of the SEBI LODR Regulations. The 39th Annual General Meeting is scheduled for September 26, 2026, via Video Conferencing.

What the Numbers Show

The divergence between standalone profit growth (25%) and consolidated profit growth (131%) highlights improved performance in subsidiary entities during the quarter. While standalone operations saw moderate revenue expansion, the consolidated bottom line benefited from lower exceptional items and tax efficiencies at the group level. Notably, the absence of exceptional items in the current quarter, compared to prior periods, contributed to cleaner profit figures. Additionally, the recognition of interest income of ₹30.52 lakh on an unrefunded security deposit provided a minor boost to other income, though management continues recovery efforts without making provisions.

Kamat Hotels (India) Limited has confirmed that Milind Wadekar has officially joined the company as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective August 1, 2026. This development follows the company’s initial intimation regarding his appointment dated May 12, 2026. The disclosure was made to the Bombay Stock Exchange and National Stock Exchange of India Limited on August 4, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The formal joining of Wadekar marks a key leadership addition to Kamat Hotels’ senior management team. As a Chartered Accountant with a Bachelor’s in Commerce, Wadekar brings over 30 years of professional experience, including more than two decades specifically within the hospitality sector. His expertise spans finance, business strategy, merger and amalgamations, risk management, treasury, taxation, and investor relations.

Wadekar’s prior tenure includes serving as Executive Vice President – Finance and Investor Relations at Vention Hospitality Limited. Before that, he served as CFO at Chalet Hotels Limited, where he played a key role in optimizing financial performance and driving shareholder value. His background is expected to bring strategic financial acumen to Kamat Hotels’ operations.

Regulatory Compliance

The company issued this update through its Company Secretary and Compliance Officer, Nikhil Singh, who digitally signed the communication on August 4, 2026. The filing references the earlier May 12, 2026 intimation and confirms the commencement of Wadekar’s role as per the approved timeline. No changes were reported in the relationships between directors, and the appointment stands as a standard executive addition under SEBI listing norms.