Sayaji Hotels Limited reported a net profit of ₹1,108.82 lakh for the financial year ended March 31, 2026, supported by exceptional gains arising from the termination of a lease arrangement. Revenue from operations for the year increased to ₹14,878.43 lakh from ₹13,827.62 lakh in the previous year. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026.

The company recorded an exceptional item of ₹1,111.70 lakh during the year, representing the net effect recognized on the termination or cancellation of the lease arrangement for the Sayaji Raipur hotel property as per Indian Accounting Standard 116. This transaction pertains to a related party. Additionally, the lease arrangement for the Sayaji Baroda Hotel expired on October 31, 2025, after which the company entered into a hotel management agreement with the same owner. Consequently, revenue and expense figures for the current period are not strictly comparable with previous periods.

Financial Performance

For the quarter ended March 31, 2026, the company reported a profit of ₹998.41 lakh, compared to ₹170.03 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹3,764.72 lakh, down from ₹3,965.26 lakh in the same period last year. Total income for the quarter was ₹3,977.77 lakh. The basic and diluted earnings per share (EPS) for the quarter were ₹5.70, compared to ₹0.97 in the prior year quarter.

The table below summarizes the standalone financial results for Sayaji Hotels for the quarter and year ended March 31, 2026 (all figures in ₹ lakh):

Q4 Operating Metrics

On an operational basis, the company demonstrated notable improvement in profitability metrics during the quarter. The table below highlights the key year-on-year Q4 operating performance indicators:

Despite a year-on-year decline in quarterly revenue, Sayaji Hotels reported a meaningful expansion in EBITDA margin to 29.89% from 22.45%, with EBITDA rising to 112M rupees from 89M rupees. Profit before tax for the quarter also improved to 26M rupees from 15M rupees in the corresponding prior year period, reflecting improved cost efficiencies.

Consolidated Performance

On a consolidated basis, the company reported a net loss of ₹631.78 lakh for FY26, compared to a net profit of ₹207.53 lakh in FY25. The consolidated results include the company's share of loss from its associate, United Foodbrands Limited (formerly known as Barbeque-Nations Hospitality Limited), which amounted to ₹1,755.31 lakh for the year. Consolidated revenue from operations for the year stood at ₹14,878.43 lakh.

Auditor and Compliance

Manish Joshi & Associates, Chartered Accountants, audited the standalone and consolidated financial results. The auditors issued an unmodified opinion on the financial statements. The Audit Committee reviewed the results on May 28, 2026, and recommended them to the Board for approval. The company also confirmed that it does not fall under the category of Large Corporates as per SEBI circulars regarding fund raising by issuance of debt securities, with outstanding borrowings of ₹36.96 crore as on March 31, 2026.

Sayaji Hotels Limited has approved an investment of ₹26,000 to acquire a 26% stake in a Special Purpose Vehicle (SPV) named Avanir Wellness Resorts Private Limited. The decision was taken by the Board of Directors at a meeting held on May 28, 2026. The SPV is being incorporated to develop an Iconic Wellness Centre in accordance with a tender allotment letter dated March 20, 2026, issued by Nava Raipur Atal Nagar Vikas Pradhikaran (NRANVP).

The investment involves the subscription of 2,600 equity shares with a face value of ₹10 each. The name Avanir Wellness Resorts Private Limited has been approved by the Registrar of Companies, West Bengal, Ministry of Corporate Affairs, Government of India. The entity will operate within the hospitality services sector.

M/s. RDB Real Estate Construction Limited is identified as the lead member in the venture alongside Sayaji Hotels Limited. The consideration for the investment is entirely in cash. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investment Details

The project is based on the terms and conditions mentioned in the Request for Proposal (RFP) and the subsequent tender allotment letter. The SPV is yet to be fully incorporated, with the name approval being the current regulatory milestone achieved.