Outcome of Board Meeting - Submission of Unaudited Standalone Financial Results for the 1st Quarter of FY 2025-26 ended on 30th June, 2025 under Regulation 30 & 33 of SEBI {Listing Obligations ....
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Jindal Hotels Limited (BSE: 507981), which runs the Grand Mercure Surya Palace hotel in Vadodara, submitted its Q1 FY26 (quarter ended 30 June 2025) unaudited standalone results to the exchanges. Total income rose modestly to ₹957.49 lakh from ₹933.52 lakh in Q1 FY25, driven by a 2.8% increase in revenue from operations to ₹956.74 lakh, while other income collapsed to just ₹0.75 lakh. However, total expenses climbed to ₹986.02 lakh, pushing the company to a net loss of ₹29.23 lakh against a loss of ₹22.89 lakh in the year-ago quarter, translating to a loss per share of ₹0.42 versus ₹0.33. Statutory auditors Modi & Joshi issued an unmodified limited review report with no qualifications. Separately, the board re-appointed promoter Mr. Piyush D. Shah as Managing Director for another three-year term (August 1, 2025 to July 31, 2028), subject to shareholder approval.
The company continues to post quarterly losses despite marginal revenue growth, signalling that operating costs (especially materials at ₹194.13L and employee costs at ₹222.04L) are still outpacing topline gains — a concern for shareholders looking at near-term profitability. The MD re-appointment provides leadership continuity, which is a positive for stability but does not address the persistent operational loss issue.