Brigade Hotel Ventures Limited has informed the Exchange about Investor Presentation
BRIGHOTEL · price
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Brigade Hotel Ventures filed a corrigendum to its Q4 FY26 investor presentation, correcting calculation errors in slide 36 on Return on Adjusted Capital and Return on Operating Capital Employed. The company reported strong Q4 FY26 results with total income of ₹146 Cr (up 8%), EBITDA of ₹58 Cr (up 13%, margin 39.7%), and PAT of ₹25 Cr (up 92%). For full FY26, total income grew 15% to ₹543 Cr and PAT surged 174% to ₹65 Cr. The balance sheet shows dramatic improvement with total equity jumping to ₹981 Cr and net debt turning negative at -₹110 Cr (from ₹595 Cr), reflecting ₹468 Cr debt repayment from IPO proceeds. The company plans to double its room count to ~3,300 keys by FY30 through ₹3,600 Cr capex, with ARR expected to exceed ₹10,000 in 2 years and ₹14,000 by FY31 as luxury hotels commission.
The significant debt reduction and strong PAT growth (+174% FY26) signal improving profitability and financial health, which could be positive for the stock. The company is well-positioned for expansion with IPO funds and improving leverage metrics, though dilution from the recent capital raise should be considered.