Kamat Hotels Q4 & FY26 Earnings Call Transcript Released
Kamat Hotels reported Q4 FY26 consolidated revenue of ₹110 crore (up 19% YoY) and PAT of ₹18 crore (up 59% YoY). FY26 revenue was ₹386 crore, with PAT of ₹39 crore. The company expects IRA Bhavnagar to open by June. The discontinuation of IRA Mumbai will reduce top-line by ₹50 crore but improve EBITDA by ₹1-2 crore.
The announcement provides a detailed update on financial performance, operational challenges, and future plans, including the impact of a significant property discontinuation. This information is material for investors to assess the company's financial health and strategic direction.
The announcement is a transcript of an earnings call. While it provides detailed financial results and outlook, the tone is balanced, discussing both positive performance and challenges like supply chain issues and increased labor costs. No significant new positive or negative events are announced.
Kamat Hotels (India) Limited has submitted the transcript of its Q4 & FY26 Earnings Conference Call, which was held on Wednesday, May 13, 2026, at 12:00 Noon (IST). The call featured insights from Executive Director Mr. Vishal Vithal Kamat and Company Secretary & Compliance Officer Mr. Nikhil Singh.
During the call, Mr. Kamat provided an overview of the company's performance and outlook. He highlighted that for the 4th Quarter on a consolidated basis, revenue stood at ₹110 crore, a 19% year-on-year increase. EBITDA for the quarter was ₹32 crore, with margins at 29%, an expansion of 213 basis points. Profit after tax for the quarter was ₹18 crore, a 59% year-on-year increase, with PAT margins at 16%.
For the full year FY26, consolidated revenue was ₹386 crore, an 8% growth. EBITDA for the year was ₹97 crore with margins of 25.1%, and profit after tax was ₹39 crore, translating to a PAT margin of 10.1%.
Mr. Kamat discussed the challenges of supply chain disruptions and cost escalations impacting new project executions, while noting strong demand for weddings and domestic MICE. He mentioned that the IRA by Orchid Bhavnagar is expected to open by June. He also addressed the impact of adding new hotels on overall occupancy and Average Daily Rate (ADR), explaining that it takes time for new properties to stabilize and gain traction on online travel agencies (OTAs).
Regarding the discontinuation of the IRA Mumbai facility, it contributed approximately ₹50 crore to the top line and an EBITDA of around ₹20 crore. Its absence is expected to result in a marginal EBITDA gain of ₹1 crore to ₹2 crore for the company. The company also noted an increase in labor costs due to the new wage code, amounting to approximately ₹4 crore, which is a recurring impact. A one-time impact of approximately ₹2 crore was incurred due to payouts related to the closure of IRA Mumbai.
The company plans to operationalize an additional 150 to 200 keys in FY27 and is exploring new openings and tie-ups to compensate for the revenue loss from IRA Mumbai. They are also focusing on improving performance in existing hotels and stabilizing newly opened properties.
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Kamat Hotels (I) Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. 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.