Outcome of Board meeting.
Price
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The Board approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 (ended 30th September 2025). On a standalone basis, Q2 revenue from operations grew to ₹629.67 lakhs (up ~25% from ₹504.19 lakhs in Q2 FY25), while profit after tax surged to ₹53.75 lakhs from just ₹6.25 lakhs a year ago. Profit before tax for the quarter jumped to ₹72.62 lakhs from ₹8.24 lakhs, reflecting strong margin expansion driven by higher other income and operating leverage. For H1 FY26, standalone PAT was ₹106.64 lakhs (vs ₹11.02 lakhs in H1 FY25). Consolidated results were more muted — Q2 consolidated PAT fell sharply to ₹1.43 lakhs (vs ₹13.16 lakhs) due to losses at subsidiary Vitizen Hotels Limited, even though consolidated revenue rose ~42% to ₹1,200.13 lakhs. The company raised ₹1,020 lakhs via preferential equity issue and is awaiting BSE listing approval for the new shares; a final dividend of ₹0.30 per share for FY25 was also declared.
Strong standalone earnings turnaround is positive for shareholders, but consolidated profitability was weighed down by the subsidiary. Heavy capex (₹415 lakhs on standalone, ₹1,254 lakhs consolidated) and rising lease liabilities indicate ongoing expansion, with borrowings crossing ₹2,800 lakhs on a standalone basis.