Approval of Audited Standalone and Consolidated Financial Results for the Quarter and Year Ended 31st March 2026.
SAYAJIHOTL · price
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Sayaji Hotels reported standalone net profit of ₹1,108.82 lakhs (up 8.6% YoY from ₹1,021.01 lakhs) on total income of ₹15,316.82 lakhs (up 8.2% YoY). However, the consolidated picture is severely distorted by a massive associate loss — United Foodbrands Limited (formerly Barbeque-Nations Hospitality) contributed a share of loss of ₹1,755.31 lakhs, dragging consolidated PAT to a loss of ₹631.78 lakhs (vs profit of ₹207.53 lakhs in FY25). An exceptional item of ₹1,111.70 lakhs was recognised from the termination/cancellation of the Sayaji Raipur hotel lease under Ind AS 116. Additionally, the Sayaji Baroda hotel shifted from a lease model to a management fee model from 31 October 2025, affecting revenue comparability. The auditors issued an unmodified opinion with no qualifications. Non-current borrowings nearly doubled to ₹2,991.28 lakhs from ₹1,324.33 lakhs year-over-year.
Standalone story is healthy with revenue growth and margin expansion, but the consolidated loss driven by the associate's deep losses is a significant concern. The ₹1,111.70 lakh exceptional item and related-party lease changes also warrant close attention for transparency and future earnings quality.