Apollo Sindoori Hotels Q3 FY26 Results: Profit Declines; CEO Resigns
Apollo Sindoori Hotels reported Q3 FY26 unaudited results with standalone profit after tax at ₹160.33 lakhs. Consolidated profit after tax was ₹75.65 lakhs. The company accepted the resignation of CEO Mr. Munish Kumar, effective March 31, 2026. An exceptional item of ₹146.22 lakhs (standalone) was noted due to new labor laws.
The decline in profits and the resignation of the CEO are material events that could impact investor confidence and the company's future performance. However, the financial figures are in lakhs, suggesting a potentially smaller scale impact compared to companies reporting in crores.
The company reported a decline in both standalone and consolidated profits for the quarter and nine months ended December 31, 2025, compared to the previous year. The resignation of the CEO also adds to the negative sentiment.
Apollo Sindoori Hotels Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, during a Board meeting held on February 12, 2026.
The company reported a profit after tax of ₹160.33 lakhs for the quarter ended December 31, 2025, a decrease compared to the ₹203.32 lakhs reported in the same quarter of the previous year. For the nine months ended December 31, 2025, the profit after tax stood at ₹810.17 lakhs, down from ₹1003.97 lakhs in the corresponding period last year.
Consolidated results showed a profit after tax of ₹75.65 lakhs for the quarter, a significant drop from ₹185.93 lakhs in the prior year's quarter. For the nine months ended December 31, 2025, consolidated profit after tax was ₹779.46 lakhs, compared to ₹556.63 lakhs in the previous year.
The Board also took on record the resignation of Mr. Munish Kumar from the position of Chief Executive Officer, effective March 31, 2026. The company's statutory auditors, P. Chandrasekar LLP, issued a limited review auditor's report on the financial results.
An exceptional item of ₹146.22 lakhs (standalone) and ₹413.17 lakhs (consolidated) was recognized due to the estimated incremental liability arising from changes in employee benefit liabilities related to the new Labour Codes.
During the quarter, the company also incorporated a wholly-owned subsidiary, M/s. Sindoori Management Solution Ltd., in the United Kingdom with an initial investment of ₹183.30 lakhs.
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Apollo Sindoori Hotels Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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