Kamat Hotels Q3FY26: Revenue up 11.6% to ₹1,177 Mn, PAT at ₹191 Mn
Kamat Hotels reported Q3 FY26 consolidated revenue of ₹1,177 million, up 11.6% YoY. PAT was ₹191 million, a turnaround from the prior quarter. For 9M FY26, revenue grew 4.1% to ₹2,755 million. The company plans to expand to 12 states and 26 properties by FY26, with revenue targeted at ₹4,000 million and debt reduced to ₹500 million.
The announcement provides detailed financial results and a forward-looking strategy with specific growth targets, which are material for investors. The expansion plans and debt reduction targets are significant.
While revenue shows positive year-on-year growth for Q3, the PAT has declined. The outlook and future strategy present positive aspects, but the mixed financial performance warrants a neutral sentiment.
Kamat Hotels (India) Limited has submitted an Investor Presentation for the Unaudited Standalone & Consolidated Financial Results for the Third Quarter and Nine Months ended December 31, 2025.
For the third quarter of FY2025-26, the company reported a consolidated operational income of ₹1,177 million, marking an 11.6% increase year-on-year and a significant 56.7% rise quarter-on-quarter. EBITDA for the quarter stood at ₹390 million, a decrease of 11.8% year-on-year but a substantial increase of 393.7% quarter-on-quarter. Profit After Tax (PAT) for Q3 FY26 was ₹191 million, a 27.1% decrease year-on-year, but a significant turnaround from a loss of ₹22 million in the previous quarter. Diluted EPS was ₹6.28 for the quarter.
For the nine months ended December 31, 2025, consolidated operational income grew by 4.1% year-on-year to ₹2,755 million. EBITDA for the nine-month period decreased by 18.8% to ₹649 million. PAT for the nine months declined by 40.7% to ₹211 million, with Diluted EPS at ₹6.95.
The presentation also highlighted key operational metrics, with the Average Room Rate (ARR) for The Orchid brand increasing by 1% year-on-year to ₹6,667, and for Ira by Orchid by 20% quarter-on-quarter to ₹5,717. Occupancy rates saw a mixed trend, with The Orchid at 58% (down 9% YoY) and Ira by Orchid at 72% (up 1% YoY).
Looking ahead, Kamat Hotels aims to expand its presence across 12 states by FY26, increase its properties to 26, and grow its revenue to ₹4,000 million. The company also plans to significantly reduce its debt to ₹500 million by FY26. Key strategic priorities include focusing on topline growth through new projects, enhancing operational efficiency, strengthening the brand portfolio, and maintaining a net cash position.
What to do with a filing like this
Kamat Hotels (I) 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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See the model portfoliosA plain-language summary of a public exchange filing by Kamat Hotels (I) Limited. Read the original for the full detail.