Gujarat Hotels Q3FY26 Results: Net Profit Declines 9.16% to ₹149.18 Crores Despite Steady Operations

Gujarat hotels Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing a mixed performance in the hospitality sector. The company's Board of Directors approved these results during their meeting held on January 12, 2026, with the financial statements subjected to limited review by statutory auditors K C Mehta & Co. LLP.

Quarterly Financial Performance

The company's Q3FY26 performance reflected some challenges compared to the previous year's corresponding quarter. Key financial metrics demonstrated a decline in both revenue and profitability during the three-month period.

Financial Metric:	Q3FY26	Q3FY25	Change (%)
Revenue from Operations:	₹127.95 cr	₹140.57 cr	-8.98%
Total Income:	₹203.18 cr	₹221.41 cr	-8.24%
Net Profit:	₹149.18 cr	₹164.22 cr	-9.16%
Earnings Per Share:	₹3.94	₹4.33	-9.01%

The revenue from operations decreased to ₹127.95 crores in Q3FY26 from ₹140.57 crores in the corresponding quarter of the previous year. Total income, including other income of ₹75.23 crores, reached ₹203.18 crores compared to ₹221.41 crores in Q3FY25.

Expense Management and Profitability

Despite revenue challenges, Gujarat Hotels maintained effective cost control measures during the quarter. Total expenses increased marginally to ₹13.61 crores from ₹13.22 crores in the previous year's corresponding quarter.

Expense Category:	Q3FY26	Q3FY25	Change (%)
Employee Benefits:	₹5.58 cr	₹4.79 cr	+16.49%
Depreciation:	₹1.19 cr	₹1.19 cr	0.00%
Other Expenses:	₹6.84 cr	₹7.24 cr	-5.52%
Total Expenses:	₹13.61 cr	₹13.22 cr	+2.95%

The company's profit before tax stood at ₹189.57 crores, down from ₹208.19 crores in Q3FY25. Tax expenses decreased to ₹40.39 crores from ₹43.87 crores, resulting in a net profit of ₹149.18 crores for the quarter.

Nine-Month Performance Highlights

The nine-month performance presented a more positive outlook, demonstrating the company's resilience and operational strength over the extended period.

Nine-Month Metrics:	9M FY26	9M FY25	Change (%)
Revenue from Operations:	₹300.41 cr	₹278.96 cr	+7.69%
Total Income:	₹553.77 cr	₹521.25 cr	+6.24%
Net Profit:	₹408.49 cr	₹361.42 cr	+13.02%
Earnings Per Share:	₹10.79	₹9.54	+13.10%

The nine-month revenue from operations increased by 7.69% to ₹300.41 crores, while total income grew to ₹553.77 crores. Net profit for the nine-month period reached ₹408.49 crores, representing a significant 13.02% increase from ₹361.42 crores in the corresponding period of the previous year.

Corporate Governance and Compliance

Gujarat Hotels Limited operates exclusively in the hospitality segment within the Indian geographical market. The company maintains a paid-up equity share capital of ₹378.75 crores, consisting of equity shares with a face value of ₹10 each. The financial results comply with Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and have received an unmodified conclusion from the statutory auditors following their limited review.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.10%	+1.67%	+6.42%	-23.11%	-22.91%	+113.85%

Gujarat Hotels Limited has successfully concluded its postal ballot process with shareholders approving the appointment of Ms. Rashmi Verma as an Independent Director. The company announced the results on December 12, 2025, with the special resolution receiving requisite majority approval from members.

Postal Ballot Results

The voting results demonstrate strong shareholder support for the appointment:

Category:	Details
Total Votes Polled:	52,434
Percentage of Outstanding Shares:	2.99%
Votes in Favour:	7,373 (85.94%)
Votes Against:	1,485 (14.06%)
Resolution Type:	Special Resolution
Result Declaration Date:	December 12, 2025

Key Details of the Appointment

Aspect:	Details
Appointee:	Ms. Rashmi Verma
Director Identification Number:	01993918
Position:	Independent Director
Term:	Five years, effective October 6, 2025
Age:	66 years
Background:	Retired Indian Administrative Service (IAS) officer
Experience:	Over 36 years across diverse sectors

Professional Background

Ms. Verma brings extensive experience to her new role. She previously served as Secretary at the Ministry of Tourism, Government of India. Her career also includes positions such as Secretary at the Ministry of Textiles, Principal Secretary Tourism in Bihar, and Chairperson & Managing Director of Bihar State Tourism Development Corporation Limited.

Educational Qualifications and Current Positions

Ms. Verma holds M.A. and M.Phil in Political Science from Delhi University, M.Phil in Sociology from IIPA, and MBA (Project-based) from the University of Hull, U.K. She currently serves as an Independent Director on the boards of Uflex Limited, PTC India Limited, and HT Media Limited.

Voting Process Details

The postal ballot process was conducted through electronic voting facilitated by National Securities Depository Limited (NSDL). The e-voting period ran from November 12, 2025 (9:00 a.m.) to December 11, 2025 (5:00 p.m.), with Ms. Pooja Bhatia, Practicing Company Secretary, serving as the scrutinizer. The cut-off date for determining eligible shareholders was October 31, 2025.

The successful approval of Ms. Verma's appointment strengthens Gujarat Hotels Limited's board composition with her diverse experience in public administration and hospitality-related sectors, positioning the company for enhanced governance and strategic direction over the next five years.