Kamat Hotels reports Q2 & H1 FY26 results, withdraws merger scheme, and settles capital advance
Kamat Hotels reported significant drops in Q2 and H1 FY26 standalone profit and consolidated loss. The company withdrew a merger scheme, settled a capital advance for ₹250 lakhs, and provided updates on ED investigation and resort lease.
The announcement has a high impact due to significantly deteriorated financial results (profit decline, consolidated loss), the withdrawal of a major merger scheme, and the reclassification of a key entity (ILEX) impacting comparability. These factors collectively indicate significant changes and challenges for the company.
The company reported a substantial decline in standalone profit and a consolidated loss for the quarter and half year ended September 30, 2025. While there were positive exceptional items like the ₹250 lakhs settlement and resolution of the merger scheme, the core operational financial performance indicates a negative trend.
* Kamat Hotels (I) Limited's Board of Directors, in a meeting held on November 8, 2025, approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. * Standalone Financial Highlights (Q2 FY26 vs Q2 FY25): * Total Income decreased to ₹5,767.50 lakhs from ₹7,162.47 lakhs. * Profit for the period declined significantly to ₹385.01 lakhs from ₹1,146.85 lakhs. * Basic Earnings Per Share (EPS) fell to ₹1.27 from ₹3.96. * Consolidated Financial Highlights (Q2 FY26 vs Q2 FY25): * Total Income decreased to ₹7,693.94 lakhs from ₹8,708.56 lakhs. * The company reported a loss attributable to owners of ₹(294.05) lakhs compared to a profit of ₹834.90 lakhs in the previous year. * Basic EPS was ₹(0.72) compared to ₹2.88 in the previous year. * Note: Consolidated results are not comparable due to the reclassification of ILEX Developers & Resorts Ltd. as a subsidiary from April 1, 2025. * The Board approved the withdrawal of the Scheme of Arrangement (Merger by absorption) involving Savarwadi Rubber Agro Private Limited and Treeo Resort Private Limited with Kamat Hotels (India) Limited, citing prolonged delays and ineffectiveness. * The company reported an exceptional income of ₹250.00 lakhs during the current quarter from the settlement of a capital advance of ₹129.00 lakhs that was paid in FY 2007-08 and previously deemed doubtful. * Regarding the Enforcement Directorate (ED) investigation, the company received ₹1,773.52 lakhs from the Prothonotary Account on April 29, 2025, and subsequently deposited ₹500.00 lakhs with the ED on June 18, 2025. An interest of ₹41.21 lakhs was recognized as exceptional income in the quarter ended June 30, 2025. * The lease for the Lotus Resort — Konark unit expired in February 2024, with an extension granted only up to September 2025. However, the management is confident of a further extension based on ongoing discussions.
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 high impact, which is the band that most often changes something.
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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.