Quick Results- Audited Financial Results for the quarter and year ended 31st March, 2026
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Awaiting price reaction for this filing.
Sayaji Hotels reported total income of Rs. 10,730.51 Lakhs for FY26, marginally higher than Rs. 10,613.39 Lakhs in FY25 (0.83% growth). However, profit before tax declined significantly to Rs. 1,051.56 Lakhs from Rs. 1,342.40 Lakhs, and profit after tax fell to Rs. 800.73 Lakhs from Rs. 1,057.11 Lakhs—a decline of approximately 24%. The auditor issued an Emphasis of Matter regarding an ongoing lease dispute with Indore Development Authority (IDA) over the hotel's leasehold land, which was cancelled in 2017. The company continues to prepare accounts on a going concern basis due to the disputed litigation and stay on eviction proceedings. Exceptional items of Rs. 125 Lakhs relate to settlement of disputed power dues. Non-current borrowings increased sharply from Rs. 2,605.83 Lakhs to Rs. 9,409.15 Lakhs, indicating significant debt-funded expansion.
The 24% decline in net profit and the ongoing land lease dispute create near-term concerns for investors, despite the auditor giving a clean unqualified opinion. The sharp increase in borrowings may pressure future profitability through higher finance costs.