Juniper Hotels , a prominent player in the hospitality sector, has announced robust financial results for the second quarter of fiscal year 2026, showcasing significant growth across key metrics.

Financial Highlights

The company's performance for Q2 FY26 demonstrates substantial improvement compared to the previous year:

The impressive turnaround in profitability, moving from a loss of ₹27.80 crores in the previous year to a profit of ₹16.80 crores, underscores the company's effective strategies and improved market conditions.

Expansion Plans

Juniper Hotels continues to focus on growth, with several key developments in its pipeline:

• Bangalore Project: Phase 1, comprising 235 keys, is expected to be completed by the end of the fiscal year.
• Strategic Bids: The company has submitted bids for developments in:
  • Andaman
  • Delhi's Yashobhoomi
  • Other undisclosed locations

Portfolio Growth

Juniper Hotels aims to expand its presence in the hospitality sector:

This growth plan, more than doubling the current number of keys, signals the company's confidence in the hospitality sector's future and its own operational capabilities.

The strong quarterly performance, coupled with an expansion strategy, positions Juniper Hotels for potential growth in the competitive hospitality industry. However, the success of these expansion plans will depend on various factors, including market conditions and the company's execution capabilities.

Juniper Hotels Limited has disclosed its monitoring agency report for the quarter ended September 30, 2025, regarding the utilization of proceeds from its Rs. 1,800 crore Initial Public Offer (IPO). The report, prepared by CARE Ratings Limited, indicates no deviation from the stated objectives of the IPO funds.

Key Highlights

• No utilization of IPO proceeds during the reporting quarter
• Rs. 77.14 crore utilized for general corporate purposes to date
• Rs. 155.94 crore remains unutilized from the general corporate purposes allocation
• Unutilized funds invested in fixed deposits with returns between 6.15% to 7.61% per annum

Allocation of IPO Proceeds

Delay in Utilization

The report notes a delay in the utilization of proceeds under General Corporate Purpose. As of September 30, 2025, the company has utilized Rs. 77.14 crore against the scheduled deployment of Rs. 233.08 crore, which was originally planned for completion by March 31, 2024.

Investment of Unutilized Funds

Juniper Hotels has invested the unutilized proceeds in fixed deposits with Kotak and ICICI banks. These investments are earning returns ranging from 6.15% to 7.61% per annum.

Company Statement

While the company has not provided specific comments on the delay in utilization, it's worth noting that the IPO prospectus stated that if the Net Proceeds are not utilized as per the timeline, they shall be utilized in subsequent periods as determined by the company, in accordance with applicable laws.

Financial Performance

In its Q2 FY26 results, also released recently, Juniper Hotels reported:

• Total income of Rs. 235.0 crore, up 5% year-on-year
• EBITDA of Rs. 87.3 crore, a 20% increase from the previous year
• Profit after tax of Rs. 16.8 crore, compared to a loss in Q2 FY25

The company's performance shows improvement, with stable occupancy rates and growth in average room rates contributing to the positive results.

Investors and stakeholders will likely be monitoring how Juniper Hotels plans to utilize the remaining funds allocated for general corporate purposes and whether this will impact the company's growth strategies in the coming quarters.