Announced Fri, 14 Nov · 23:24 IST

AS PER INTIMATION ATTACHED

Board & Shareholder Meetings View source PDF

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Awaiting price reaction for this filing.

AI summary

Espire Hospitality's board approved unaudited standalone financial results for Q2 FY26 (quarter ended Sept 30, 2025) and H1 FY26 on November 14, 2025. Revenue from operations for Q2 came in at Rs. 1,889.70 lakhs, down from Rs. 2,029.91 lakhs in Q2 FY25, while the company swung to a net loss of Rs. 571.33 lakhs versus a profit of Rs. 95.66 lakhs a year ago. For the half-year (H1 FY26), revenue grew strongly by about 37% YoY to Rs. 5,060.73 lakhs, but the company still posted a net loss of Rs. 428.56 lakhs against a profit of Rs. 98.71 lakhs in H1 FY25. Finance costs more than doubled to Rs. 464.66 lakhs in H1 FY26, while capital work-in-progress rose to Rs. 2,890.24 lakhs from Rs. 1,743.61 lakhs as of March 2025. Borrowings climbed to Rs. 9,118 lakhs (Rs. 8,957 lakhs non-current plus Rs. 161 lakhs current), and total equity declined to Rs. 3,918.45 lakhs as accumulated losses ate into reserves. Operating cash flow remained negative at Rs. 253 lakhs, while the auditor (Bansal & Co LLP) issued an unmodified review opinion.

Likely market impact

Negative near-term sentiment likely — Q2 swung sharply into loss despite higher half-year revenue, driven by rising finance costs and operating expenses, and increased debt-funded capex (CWIP) is weighing on returns. Shareholders should watch for improvement in margins and debt servicing in upcoming quarters.