Kamat Hotels (I) Limited has submitted to the Exchange, the Outcome of Board Meeting held on May 12, 2026.
KAMATHOTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kamat Hotels (I) Limited reported its Q4 and FY ended March 2026 results. Standalone revenue declined marginally to ₹26,352.90 lakhs from ₹26,448.39 lakhs in FY25, while consolidated revenue grew 8% to ₹38,563.18 lakhs due to subsidiary consolidation. However, standalone PAT fell 20% to ₹4,036.92 lakhs and consolidated PAT declined 17% to ₹3,855.30 lakhs. The auditors issued an unmodified opinion but included emphasis of matter on an ongoing ED investigation (₹500 lakhs cumulative provision made), lease expiry concerns for Lotus Resort Konark (extended only till September 2026), and going concern issues at subsidiaries OHPPL and MPPL. The company recorded multiple exceptional items including ₹367.93 lakhs labour code impact, plan amendment reversal of ₹74.21 lakhs, and settlement income. The Board also appointed Mr. Milind Wadekar as CFO effective August 1, 2026.
The PAT decline despite consolidated revenue growth indicates margin compression and higher operating costs. The emphasis of matter disclosures on legal issues and subsidiary going concern risks may concern investors, though the unmodified audit opinion provides some comfort.