UP Hotels , a prominent player in the Indian hospitality sector, has reported a significant turnaround in its financial performance for the first quarter. The company's unaudited financial results, approved by the Board of Directors on August 13, reveal a remarkable shift from loss to profit compared to the same period last year.

Financial Highlights

• Net Profit: The company posted a net profit of Rs 325.70 lakh for Q1, a substantial improvement from a net loss of Rs 71.94 lakh in the corresponding quarter of the previous year.
• Revenue from Operations: Increased to Rs 2,886.19 lakh, up from Rs 2,125.81 lakh year-over-year, marking a growth of about 35.80%.
• Total Revenue: Reached Rs 3,037.07 lakh, compared to Rs 2,233.50 lakh in the previous year's quarter, showing an increase of approximately 36.00%.
• Earnings Per Share (EPS): Improved significantly to Rs 6.03 from negative Rs 1.33 in the corresponding quarter.

Operational Performance

The company's financial results indicate a strong recovery in its hotel business operations. The substantial increase in revenue suggests a robust uptick in occupancy rates and possibly higher average room rates, reflecting a positive trend in the hospitality sector.

Expense Management

While the company did not provide detailed breakdowns of expenses in the quarterly report, the shift from loss to profit indicates effective cost management strategies implemented by UP Hotels. This could include optimized operational efficiencies and prudent resource allocation.

Board Meeting and Result Approval

The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in a meeting held on August 13. The board meeting commenced at 10:20 a.m. and concluded at 10:48 a.m.

Business Segment and Corporate Governance

UP Hotels operates solely in the hotel business segment. The company acknowledged ongoing disputes among promoters but stated that management believes these issues do not materially impact the financial results.

Market Implications

The positive financial results are likely to be well-received by investors and stakeholders. The company's ability to turn a loss into a significant profit within a year demonstrates resilience and effective management strategies in navigating challenging market conditions.

Outlook

While the company has not provided specific forward-looking statements, the strong Q1 performance sets a positive tone for the fiscal year. However, investors should note that quarterly results may not necessarily indicate long-term trends, especially in the dynamic hospitality sector.

UP Hotels' impressive Q1 results reflect a broader recovery trend in the Indian hospitality industry. As the sector continues to rebound from the impacts of the global pandemic, companies like UP Hotels that demonstrate financial resilience and operational efficiency are well-positioned to capitalize on the growing demand for travel and accommodation services.

UP Hotels , a prominent player in the hospitality sector, has announced a significant development in its voluntary delisting process. The company has set August 1, 2025, as the cut-off date for shareholders to participate in a postal ballot regarding the voluntary delisting proposal.

Postal Ballot Details

The board of UP Hotels has fixed Friday, August 1, 2025, as the crucial date to determine the eligibility of shareholders to cast their votes electronically through the postal ballot process. This decision comes as part of the company's ongoing efforts to seek shareholder approval for the voluntary delisting proposal put forward by the Acquirers.

Significance of the Cut-off Date

The cut-off date serves as a pivotal point in the delisting process:

• Shareholder Eligibility: Only shareholders on record as of August 1, 2025, will be entitled to participate in the electronic voting process.
• Vote Casting: Eligible shareholders will have the opportunity to cast their votes on the voluntary delisting proposal through the electronic postal ballot system.
• Decision Making: The outcome of this vote will play a crucial role in determining the future direction of UP Hotels' listing status.

Company's Communication

In an official communication to the BSE Limited, dated July 31, 2025, UP Hotels' Company Secretary, Pra handra Prusty, stated:

"The board has fixed Friday, August 1, 2025 as the cut-off date to record entitlement of the members to cast their vote electronically for the business to be transacted through Postal Ballot."

This announcement follows the company's previous intimation on July 27, 2025, regarding the initiation of the Postal Ballot process for the voluntary delisting proposal.

About UP Hotels

UP Hotels, part of the Clarks Group of Hotels, operates several prominent properties including:

• Clarks Shiraz in Agra
• Clarks Avadh in Lucknow
• Clarks Amer in Jaipur
• Clarks Khajuraho in Khajuraho

Shareholders and investors of UP Hotels are advised to take note of this important date and participate in the upcoming postal ballot process to have their say in the company's proposed voluntary delisting.