Jindal Hotels Limited , operator of the Grand Mercure Vadodara Surya Palace, has released its financial results for the second quarter of fiscal year 2026, showing a mixed performance with improved revenue but continued losses.

Financial Highlights

The company's financial performance for Q2 FY2026 and H1 FY2026 is summarized in the following table:

Quarterly Performance

Jindal Hotels Limited reported a net loss of ₹16.40 lakhs for the quarter ended September 30, 2025, showing an improvement from the loss of ₹28.23 lakhs in the same quarter of the previous year. The company's revenue from operations increased to ₹955.50 lakhs, up from ₹890.59 lakhs year-over-year, indicating a growth in business activities.

Half-Year Results

For the first half of FY2026, the company's financial situation presents a more challenging picture. The net loss widened to ₹143.34 lakhs, compared to ₹24.11 lakhs in the corresponding period of the previous year. However, half-year revenue showed growth, rising to ₹1,923.38 lakhs from ₹1,791.72 lakhs in the prior year.

Operational Costs

Total expenses for the quarter stood at ₹984.94 lakhs, an increase from ₹906.02 lakhs in the same quarter of the previous year. This rise in expenses, outpacing the growth in revenue, contributed to the continued, albeit reduced, quarterly loss.

Corporate Governance

The Board of Directors of Jindal Hotels Limited approved these financial results at their meeting held on November 11, 2025. The meeting, which commenced at 11:30 A.M. and concluded at 4:00 P.M., also saw the approval of the Limited Review Report by Statutory Auditors on the Standalone Unaudited Financial Results.

Company Profile

Jindal Hotels Limited operates in the hospitality segment, with its flagship property being the Grand Mercure Vadodara Surya Palace. The company's registered office is located at Sayajigunj, Vadodara – 390 020.

While the company has shown improvement in its quarterly performance with increased revenue and a narrowed loss, the widened half-year loss indicates ongoing challenges. Investors and stakeholders will likely be watching closely to see how Jindal Hotels navigates these challenges and works towards profitability in the coming quarters.

Jindal Hotels Limited , a prominent player in the Indian hospitality sector, has announced significant developments following its 40th Annual General Meeting (AGM) held on September 23, 2025. The shareholders have approved key resolutions, including the re-appointment of Mr. Piyush D. Shah as the company's Managing Director for another three-year term.

Re-appointment of Managing Director

The shareholders of Jindal Hotels Limited have given their approval for the re-appointment of Mr. Piyush D. Shah as the Managing Director for a period of three years, effective from August 1, 2025, to July 31, 2028. This decision underscores the company's confidence in Mr. Shah's leadership and his continued role in steering the organization's growth.

Piyush D. Shah: A Veteran in Hospitality

Mr. Shah, aged 73, brings a wealth of experience to his role, with over 40 years in the hotel industry. He has been associated with Jindal Hotels since its inception, initially joining as Joint Managing Director in May 1984 before assuming the role of Managing Director in August 1990. His educational background includes degrees in Commerce and Law, providing him with a strong foundation in business and legal aspects of hotel management.

Leadership and Achievements

Under Mr. Shah's leadership, Jindal Hotels has garnered several prestigious accolades, including:

• First Runner-Up in the Travel & Tourism Category at ICICI Bank and CNBC TV18's Emerging India Awards 2008
• NASSCOM-CNBC IT User Award 2008 for best IT adoption in the tourism sector
• Multiple TripAdvisor Awards over the years

These recognitions highlight the company's commitment to excellence and innovation in the hospitality industry under Mr. Shah's guidance.

Family Connections on the Board

It's worth noting that Mr. Shah's family members also hold positions on the company's board. Ms. Chanda Agrawal, his spouse, and Mr. Satvik P Agrawal, his son, serve as Non-Executive Directors, bringing additional perspectives to the company's governance.

Other AGM Resolutions

In addition to Mr. Shah's re-appointment, the AGM saw the approval of other significant resolutions:

1. Adoption of the Audited Financial Statements for the financial year ended March 31, 2025, along with the Board of Directors' and Auditors' Reports.
2. Re-appointment of Mr. Satvik Agrawal as a Director, who was liable to retire by rotation.
3. Appointment of M/s. KSPS & Co. LLP as the Secretarial Auditors of the Company for a term of 5 consecutive years, from FY 2025-26 to FY 2029-30.

Conclusion

The re-appointment of Mr. Piyush D. Shah as Managing Director and the approval of other key resolutions at the AGM reflect Jindal Hotels Limited's commitment to maintaining strong leadership and governance. As the company moves forward, it appears well-positioned to continue its growth trajectory in the competitive hospitality sector.