U. P. Hotels FY26 Net Profit Rises to ₹3,223.80 Lakh; Q4 EBITDA Margin Expands

U. P. Hotels Limited reported a net profit of ₹3,223.80 lakh for the financial year ended March 31, 2026, compared to ₹2,973.31 lakh in the previous year. Revenue from operations for FY26 stood at ₹16,176.39 lakh, up from ₹15,290.87 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net profit of ₹1,436.52 lakh on revenue from operations of ₹5,078.32 lakh, reflecting steady year-on-year growth.

Audited Financial Results

The Board of Directors approved the audited financial results for the fourth quarter and financial year ended March 31, 2026. Total revenue for the year increased to ₹16,861.61 lakh from ₹15,917.11 lakh in the prior year. Total expenses for FY26 were ₹12,541.74 lakh, compared to ₹11,945.43 lakh in FY25. The company's basic and diluted earnings per share (EPS) for the year stood at ₹59.70, up from ₹55.06 in the previous year.

The following table summarises the key annual financial metrics:

Particulars:	Year Ended 31.03.2026 (Audited) (₹ in lakhs)	Year Ended 31.03.2025 (Audited) (₹ in lakhs)
Revenue from Operations	16,176.39	15,290.87
Total Revenue	16,861.61	15,917.11
Total Expenses	12,541.74	11,945.43
Profit Before Tax	4,319.87	3,971.68
Net Profit for the Period	3,223.80	2,973.31

Q4 Operating Performance

The company's quarterly operating performance showed meaningful improvement on a year-on-year basis. Q4 EBITDA grew to 178M rupees from 158M rupees in the same quarter of the previous year. The EBITDA margin expanded to 35.16% from 32.19% year-on-year, indicating improved operational efficiency during the quarter.

Metric:	Q4 Current Year	Q4 Previous Year (YoY)
Net Profit	144M Rupees	122M Rupees
Revenue	508M Rupees	492M Rupees
EBITDA	178M Rupees	158M Rupees
EBITDA Margin	35.16%	32.19%

Voluntary Delisting Process

The Board approved seeking shareholder approval through a postal ballot process for a special resolution supporting the company's application with SEBI. This application seeks an extension of time to comply with various requirements regarding the voluntary delisting of equity shares from BSE Limited. Mr. Deepak Bansal has been appointed as the Scrutinizer to conduct the postal ballot process. The cut-off date to determine shareholder entitlement to vote electronically is fixed as May 29, 2026.

Audit Qualifications

Satinder Goyal & Co., Chartered Accountants, issued a qualified opinion on the financial results. The qualifications include non-compliance with Minimum Public Shareholding norms under Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and failure to achieve 100% dematerialization of promoters' shareholding. Additionally, certain Related Party Transactions could not be approved by the Audit Committee and Board due to a pending legal matter before the National Company Law Tribunal. The auditors stated that the ultimate outcome of these matters cannot presently be determined.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.53%	+3.65%	-1.93%	-8.39%	-16.47%	+225.80%

U. P. Hotels Limited has disclosed multiple regulatory non-compliances for the financial year ended March 31, 2026, primarily concerning the failure to maintain minimum public shareholding (MPS) norms. The company submitted its Annual Secretarial Compliance Report to BSE on May 28, 2026, detailing these deviations and the subsequent actions taken by management and regulators.

Minimum Public Shareholding Non-Compliance

The company failed to maintain the requisite minimum public shareholding, prompting BSE to levy fines for several quarters. Under the SEBI Master Circular dated July 11, 2023, and a subsequent circular dated November 11, 2024, the exchange imposed penalties for non-compliance during FY 2023-24, FY 2024-25, and FY 2025-26. The fines for FY 2025-26 included ₹10,73,800 for the period April 1, 2025, to June 30, 2025, and ₹10,85,600 for the period July 1, 2025, to September 30, 2025.

SEBI granted specific relaxations via a letter dated December 3, 2024, to facilitate the voluntary delisting of equity shares, including a temporary relaxation from MPS norms. Consequently, U. P. Hotels has requested BSE to waive the fines. The voluntary delisting process could not be completed within the SEBI-prescribed timeline ending December 2, 2025, and the company has filed another application with SEBI seeking an extension of time.

Dematerialization of Shares

The company has not yet achieved 100% dematerialization of promoters' and promoter group shareholdings. SEBI issued an Administrative Warning Letter on March 25, 2025, regarding this non-compliance with Regulation 31(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As of March 31, 2026, 126,377 shares, constituting 2.34% of promoter shares, remain pending dematerialization. The company cited SEBI prohibitions restricting the rights of promoters to deal with shares, the freezing of demat accounts by BSE due to MPS non-compliance, and the death of a promoter as reasons for the delay.

Related Party Transactions

Related party transactions from previous years, which are subject to a legal case pending before the National Company Law Tribunal (NCLT), New Delhi, have not been approved by the Audit Committee or the Board of Directors. The Board decided in a meeting on August 20, 2017, to defer the consideration of these transactions to avoid decisions that might contradict the NCLT's adjudication. No regulatory action has been taken regarding this matter.

Other Compliance Status

The report confirmed compliance with other regulatory requirements, including the adoption of policies, website disclosures, and performance evaluations of the Board and committees. The company stated it has no material subsidiaries and that no statutory auditors resigned during the financial year. Deepak Bansal & Associates, Practicing Company Secretaries, issued the compliance report based on an examination of the company's records and filings.

Period	Fine Amount (including GST)	Date of BSE Communication
FY 2023-24 (Jul 12 - Sep 30)	₹9,55,800	November 16, 2023
FY 2023-24 (Oct 1 - Dec 31)	₹10,85,600	February 15, 2024
FY 2023-24 (Jan 1 - Mar 31)	₹10,73,800	May 21, 2024
FY 2024-25 (Apr 1 - Jun 30)	₹10,73,800	August 16, 2024
FY 2024-25 (Jul 1 - Sep 30)	₹10,85,600	November 19, 2024
FY 2024-25 (Oct 1 - Dec 31)	₹10,85,600	February 19, 2025
FY 2024-25 (Jan 1 - Mar 31)	₹10,62,000	May 19, 2025
FY 2025-26 (Apr 1 - Jun 30)	₹10,73,800	August 12, 2025
FY 2025-26 (Jul 1 - Sep 30)	₹10,85,600	November 11, 2025