we wish to inform the Exchanges that the Board of Directors of the Company at their Meeting held today i.e. February 10, 2026 have approved and taken on record the following items: -Unaudited ....
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The Board of Jindal Hotels Ltd (operator of Grand Mercure Vadodara - Surya Palace) approved unaudited standalone results for Q3 FY25-26 at its meeting on February 10, 2026. The company reported a strong quarterly Net Profit of Rs. 240.33 lakhs (EPS of Rs. 3.43), a sharp turnaround from the full-year FY25 loss of Rs. 6.40 lakhs and significantly higher than the Rs. 29.29 lakhs profit in the preceding Q2 FY26. Total income for the quarter stood at Rs. 1,632.56 lakhs. An exceptional item of Rs. 89.47 lakhs was booked relating to the financial impact of the four new Labour Codes notified by the Government of India on November 21, 2025. Statutory auditors Modi & Joshi issued an unqualified Limited Review Report with no qualifications or observations. The company continues to operate as a single segment business in hoteliering.
The sharp sequential and year-on-year jump in quarterly profit signals a strong recovery in the hotel business, likely aided by better occupancy and room rates. Investors should note the one-time Labour Codes charge has already been absorbed, and the clean auditor review removes near-term governance concerns.