Unaudited Financial Results for the Quarter ended on 31st December, 2025
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Vikram Kamats Hospitality Ltd (formerly Vidli Restaurants Ltd) announced its unaudited standalone and consolidated financial results for Q3 FY26 and the nine months ended 31 December 2025, approved by the board on 10 February 2026. The statutory auditors (Chaturvedi Sohan & Co.) issued a clean limited review report on the standalone results. For the consolidated results, an emphasis of matter was flagged relating to subsidiary Vitizen Hotels Limited, which had paid a Rs. 1.00 crore refundable security deposit and issued cheques worth Rs. 90 lakh to a lessor, with the lease terminated due to non-fulfilment of obligations by the lessor. The subsidiary is pursuing arbitration to recover the deposit, cheques, and an additional Rs. 1.25 crore in losses, and no impairment has been booked yet. Vitizen Hotels reported revenue of Rs. 578.83 lakhs in Q3 and Rs. 1,824.81 lakhs for 9M FY26, but posted net losses of Rs. 204.54 lakhs and Rs. 189.99 lakhs respectively.
The standalone results are clean, but the subsidiary's ongoing losses and unresolved arbitration matter over Rs. 2.15 crore worth of deposits and claims add uncertainty to the consolidated picture and are worth tracking. Shareholders should watch for the outcome of the Vitizen Hotels arbitration and any subsequent impairment or recovery.