The Byke Hospitality Reports No Deviation in Preferential Issue Proceeds Utilization

The Byke Hospitality Limited has confirmed that there is no deviation or variation in the use of proceeds raised through the preferential issue of equity warrants from the stated objectives. The company's statement comes as part of its regulatory filing under SEBI guidelines.

Fund Raising Details

The hospitality firm raised a total of Rs. 54.95 crores through the preferential issue, with allotments made on the following dates:

Date	Amount Raised (Rs. Crores)
January 4, 2024	13.84
March 1, 2024	22.95
July 11, 2024	18.16
Total	54.95

Fund Utilization

As of September 30, 2025, the company reported the following utilization of funds:

Purpose	Amount Utilized (Rs. Crores)
Repayment of Borrowings	9.07
General Corporate Purposes	39.86
Total Utilized	48.93

Unutilized Funds

The company disclosed that Rs. 6.02 crores of the raised funds remain unutilized. These funds have been deployed in fixed deposits as follows:

Bank	Amount (Rs. Crores)	Interest Rate	Market Value as of Sept 30, 2025 (Rs. Crores)
Yes Bank	4.75	8.00%	5.34
UBI	1.27	6.60%	1.29
Total	6.02	-	6.63

Regulatory Compliance

The Byke Hospitality Limited's statement aligns with the regulatory requirements set by SEBI, which mandates companies to disclose any deviations in the use of proceeds raised through preferential issues. The company's audit committee has reviewed the statement and found no discrepancies.

Financial Performance Overview

While not directly related to the preferential issue, the company's recent financial results for the quarter and half-year ended September 30, 2025, show:

Total income for Q2 FY2026 stood at Rs. 2,494.71 lakhs, up from Rs. 2,123.58 lakhs in the same quarter of the previous year.
Net profit for Q2 FY2026 was Rs. 130.05 lakhs, compared to Rs. 47.70 lakhs in Q2 FY2025.
For the half-year ended September 30, 2025, the company reported a total income of Rs. 5,219.67 lakhs and a net profit of Rs. 344.81 lakhs.

The company's financial statements have been reviewed by Bilimoria Mehta & Co., Chartered Accountants, who have not expressed any qualifications in their limited review report.

This update from The Byke Hospitality Limited demonstrates the company's commitment to transparent financial practices and adherence to regulatory standards in the utilization of funds raised from investors.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.29%	-0.03%	-4.97%	-37.90%	-15.37%	+329.50%

The Byke Hospitality Limited , a prominent player in the Indian hospitality sector, has announced its unaudited financial results for the second quarter and half year ended September 30, 2025, showcasing robust growth and improved profitability.

Key Financial Highlights

Particulars (Rs. in Lakhs)	Q2 FY2026	Q2 FY2025	YoY Change	H1 FY2026	H1 FY2025	YoY Change
Income from Operations	2,462.09	2,048.73	20.18%	5,144.35	4,376.07	17.56%
Total Income	2,494.71	2,123.58	17.48%	5,219.67	4,507.29	15.80%
EBITDA	1,168.99	797.75	46.54%	2,389.58	1,773.75	34.72%
Net Profit	130.05	47.70	172.64%	344.81	277.73	24.15%
EPS (Basic & Diluted)	0.25	0.07	257.14%	0.66	0.56	17.86%

Operational Performance

The Byke Hospitality Limited demonstrated strong performance in the second quarter of FY2026. The company's income from operations increased by 20.18% year-over-year to Rs. 2,462.09 lakhs, up from Rs. 2,048.73 lakhs in the same quarter of the previous year. This growth indicates a significant recovery and expansion in the company's hospitality business.

Profitability Improvements

The company's profitability showed substantial improvement:

EBITDA for Q2 FY2026 stood at Rs. 1,168.99 lakhs, a remarkable increase of 46.54% compared to Rs. 797.75 lakhs in Q2 FY2025.
Net profit for the quarter surged by 172.64% to Rs. 130.05 lakhs, compared to Rs. 47.70 lakhs in the corresponding quarter of the previous year.
The Earnings Per Share (EPS) for Q2 FY2026 improved significantly to Rs. 0.25, up from Rs. 0.07 in Q2 FY2025, representing a 257.14% increase.

Half-Yearly Performance

For the half year ended September 30, 2025:

Total income reached Rs. 5,219.67 lakhs, a 15.80% increase from Rs. 4,507.29 lakhs in H1 FY2025.
Net profit for H1 FY2026 grew by 24.15% to Rs. 344.81 lakhs, compared to Rs. 277.73 lakhs in the same period last year.

Balance Sheet Highlights

As of September 30, 2025:

The company's total assets stood at Rs. 33,807.63 lakhs.
Equity share capital remained unchanged at Rs. 5,227.93 lakhs.
Other equity increased to Rs. 17,580.47 lakhs, up from Rs. 17,235.64 lakhs as of March 31, 2025.

Corporate Actions

The Board of Directors noted that 1,18,500 share warrants pending conversion were forfeited. The application money of Rs. 13.33 lakhs received against these warrants has been transferred to the Capital Reserve Account during the quarter ended September 30, 2025.

Audit Review

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. Bilimoria Mehta & Co., Chartered Accountants, the statutory auditors, have carried out a limited review of the financial results with no qualifications reported.

The Byke Hospitality Limited continues to focus on its core hospitality business, and these results reflect the company's resilience and growth potential in the evolving market landscape.