Pursuant to Regulation 30 & 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board in its meeting held today inter ....
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UP Hotels Ltd reported a weak Q2 FY26 with revenue from operations declining about 7% YoY to Rs. 2,534.65 lakhs from Rs. 2,724.57 lakhs, and the company slipping into a net loss of Rs. 198.69 lakhs versus a profit of Rs. 118.42 lakhs in Q2 FY25. For the half year (H1 FY26), total revenue grew about 13% YoY to Rs. 5,727.27 lakhs and net profit rose sharply to Rs. 127.01 lakhs from Rs. 26.48 lakhs, helped by a low base and lower tax outflow. Profit before tax for Q2 was negative Rs. 265.51 lakhs versus a positive Rs. 158.25 lakhs a year ago, reflecting margin compression on higher employee and repair costs. Statutory auditor Satinder Goyal & Co. issued a clean limited review report. A footnote discloses promoter disputes during the period, which management states have no material financial impact.
The sharp swing into a Q2 loss and YoY revenue decline signals near-term pressure on profitability, though the H1 PAT growth and clean auditor review limit the negative read. Investors should watch promoter dispute resolution and whether margins recover in the second half.