The Byke Hospitality Limited has reported robust financial results for the first quarter, along with a confirmation of appropriate utilization of funds raised through a preferential issue.

Q1 Financial Highlights

The company's unaudited financial results for the quarter showcase a solid performance:

The Byke Hospitality's income from operations saw a significant year-on-year growth of 15.25%, rising from Rs. 2,327.34 lakhs to Rs. 2,682.26 lakhs. The total income also increased by 14.32% to Rs. 2,724.97 lakhs.

While the profit before tax improved by 12.30% to Rs. 224.23 lakhs, the net profit experienced a slight decline of 6.63% to Rs. 214.77 lakhs compared to the same quarter last year.

Preferential Issue Fund Utilization

In a separate filing, The Byke Hospitality confirmed that there has been no deviation in the utilization of Rs. 54.95 crore raised through a preferential issue of equity warrants. The funds were allocated as follows:

1. Repayment of Borrowings: Rs. 9.07 crore
2. General Corporate Purposes: Rs. 37.68 crore

The company raised these funds in three tranches:

• Rs. 13.84 crore in January 2024
• Rs. 22.95 crore in March 2024
• Rs. 18.16 crore in July 2024

As of June 30, 2025, Rs. 8.20 crore remained unutilized and was deployed in fixed deposits with Yes Bank, earning an 8% return.

Corporate Updates

The company also announced the appointment of Ms. Ritika Jaiswal as the new Company Secretary and Compliance Officer, effective August 07, 2025. Ms. Jaiswal, an Associate Member of the Institute of Company Secretaries of India, brings a strong grasp of legal procedures and excellent communication skills to the role.

Additionally, The Byke Hospitality's Board of Directors approved the draft notice for the 35th Annual General Meeting, scheduled for September 17, 2025.

The company's management expressed satisfaction with the Q1 performance and the proper utilization of funds raised through the preferential issue. They remain committed to maintaining transparency and driving growth in the hospitality sector.

Investors and stakeholders can access the detailed financial results on the company's website www.thebyke.com and on the stock exchange websites.

The Byke Hospitality Limited , a prominent player in the hospitality sector, has announced its unaudited financial results for the quarter ended June 30, 2025, showcasing a robust performance and significant corporate developments.

Financial Highlights

The company reported a substantial increase in its income from operations, reaching Rs. 2,682.26 lakhs for the quarter, compared to Rs. 2,327.34 lakhs in the same period last year, marking a 15.25% year-on-year growth. This growth demonstrates The Byke Hospitality's strong market position and operational efficiency.

Despite the revenue growth, the net profit for the quarter stood at Rs. 214.77 lakhs, slightly lower than the Rs. 230.02 lakhs reported in the previous year. The company's basic earnings per share for the quarter were Rs. 0.41.

Key Financial Metrics

Corporate Updates

In a significant move to strengthen its corporate governance, The Byke Hospitality's Board has approved the appointment of Ms. Ritika Jaiswal as the new Company Secretary and Compliance Officer. Ms. Jaiswal, an Associate Member of the Institute of Company Secretaries of India with membership number A75955, will assume her role effective August 07, 2025.

The Board of Directors has also approved the draft notice for the company's 35th Annual General Meeting, scheduled for September 17, 2025. This meeting will provide shareholders with an opportunity to review the company's performance and future strategies.

Management Commentary

Anil Patodia, Chairman & Managing Director of The Byke Hospitality Limited, stated, "We are pleased with our strong revenue growth this quarter, which reflects the resilience of our business model and the increasing demand in the hospitality sector. While we've seen a slight dip in net profit, we remain focused on operational efficiency and strategic growth initiatives."

Looking Ahead

The appointment of Ms. Ritika Jaiswal as Company Secretary and Compliance Officer is expected to further enhance The Byke Hospitality's corporate governance practices. Her expertise in legal procedures and corporate compliance will be valuable as the company continues to grow and navigate the complex regulatory landscape of the hospitality industry.

The Byke Hospitality Limited continues to demonstrate its commitment to transparency and shareholder engagement through timely disclosures and the upcoming Annual General Meeting. As the hospitality sector shows signs of recovery and growth, the company appears well-positioned to capitalize on emerging opportunities in the market.