Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 for non renewal of an Agreement.
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Jindal Hotels Limited reported strong FY2026 results with revenue from operations up 8% to ₹4,857.65 lakhs from ₹4,499.35 lakhs. Net profit surged 83% to ₹211.44 lakhs from ₹115.59 lakhs, driven by reduced finance costs (down 19% to ₹396.41 lakhs) and lower operating expenses. Q4 standalone net profit was ₹182.15 lakhs, significantly higher than ₹64.91 lakhs in Q4 FY2025. The company also decided not to renew a Land Purchase agreement that had been previously approved by shareholders. Cash reserves declined sharply from ₹182.49 lakhs to ₹34.89 lakhs, while trade receivables doubled to ₹279.85 lakhs. Statutory auditors issued an unmodified opinion on the audited results.
The 83% jump in annual net profit signals strong operational improvement and cost management. Shareholders may view this positively, though the sharp decline in cash reserves and rising receivables warrant monitoring.