Please find attached revised standalone and consolidated financial results and limited review report for the half year ended 30th September 2025.
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Jungle Camps India has submitted revised half-yearly results (instead of quarterly results filed earlier) for H1 FY26 ending September 2025, along with auditor's limited review report. Standalone revenue from operations fell sharply to ₹57.27 lakhs in Q2 from ₹248.02 lakhs in Q1, giving H1 revenue of ₹305.30 lakhs. Q2 standalone swung to a loss of ₹46.55 lakhs (vs profit of ₹50.36 lakhs in Q1), while consolidated Q2 loss was ₹106.97 lakhs. The company attributes the steep decline to the closure of Pench, Kanha, and Tadoba National Parks for jungle safaris from July to September, which it calls the off-season. Operating cash flow was negative (standalone -₹140.36 lakhs, consolidated -₹80.50 lakhs). The auditor R.A. Kila & Co gave a clean (unqualified) limited review report with no qualifications or emphasis of matter.
Near-term performance is weak due to seasonal park closures, but results are explainable and likely priced in. Investors should watch the upcoming Q3 (Oct-Dec) which is typically the peak wildlife tourism season. The post-period land acquisition near Panna Tiger Reserve signals ongoing expansion plans. Negative operating cash flow in H1 and unutilised IPO proceeds of about ₹1,653.93 lakhs warrant attention.