Audited Standalone and Consolidated Financial Results for the Quarter and Financial Year Ended March 31, 2026
KAMATHOTEL · price
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Kamat Hotels reported FY26 standalone revenue of Rs 26,353 lakhs, marginally down from Rs 26,448 lakhs in FY25. Consolidated revenue grew 8% to Rs 38,563 lakhs due to ILEX Developers becoming a subsidiary. However, standalone PAT declined 20% to Rs 4,037 lakhs (EPS Rs 13.30 vs Rs 17.26), and consolidated PAT fell 17% to Rs 3,855 lakhs. Finance costs increased significantly while PBT dropped 22% to Rs 5,375 lakhs. Exceptional items include Rs 307.61 lakhs labour code impact and Rs 56.04 lakhs leave benefit reversal. Auditors flagged emphasis of matter on ED investigation (Rs 500 lakh cumulative provision) and Lotus Resort lease uncertainty (extended only till September 2026). Cash position improved with operating cash flow of Rs 5,621 lakhs.
The company faced PAT decline of about 20% despite stable standalone revenue, driven by higher finance costs and depreciation. The ED investigation and lease uncertainty remain overhangs despite auditors giving unmodified opinion. Improved operating cash flow and new subsidiary consolidation provide some comfort.