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Awaiting price reaction for this filing.
Royale Manor Hotels reported Q2 FY26 revenue from operations of Rs 441.41 lakhs, down from Rs 500.36 lakhs in Q2 FY25 (~12% YoY decline). For H1 FY26, revenue stood at Rs 874.85 lakhs versus Rs 962.77 lakhs in H1 FY25 (~9% YoY decline). Profit after tax for Q2 was just Rs 4.29 lakhs (vs Rs 40.31 lakhs YoY), with H1 PAT at Rs 5.73 lakhs versus Rs 63.27 lakhs. Operating cash flow turned strongly positive at Rs 827.18 lakhs in H1 FY26 (vs negative Rs 248.84 lakhs last year), aided by a large working capital movement. The statutory auditor (Naimish N. Shah & Co.) issued an unqualified limited review report. The company reiterated that hotel business is seasonal and H1 is not indicative of full-year results.
Sharp YoY drop in both revenue and profit signals weakening operating performance, though the improved operating cash flow and clean auditor opinion provide some comfort. Shareholders should watch for recovery in the seasonally stronger H2 before drawing firm conclusions on the full-year trajectory.