Juniper Hotels' net profit in the second quarter of FY27 exceeded doubling, reaching 37.2 crore rupees

Juniper Hotels Limited reported a significant increase in net profit for the second quarter of fiscal year 27 (Q2FY27), which rose by 121 percent compared to the same period last year, reaching 37.2 crore rupees. This growth was driven by increased room rates and higher occupancy. Meanwhile, the company's total revenue grew by 10 percent, amounting to 258.1 crore rupees.

According to the quarterly results published on Thursday, total revenue increased by 10% compared to 235 crore rupees the previous year. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), including other income, rose by 5% to 91.4 crore rupees from 87.3 crore rupees a year ago. However, the EBITDA margin decreased from 37% in Q2FY26 to 35%.

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Arun Kumar Saraf, Chairman and Managing Director, noted that Juniper Hotels demonstrated another quarter of stable operational performance. He emphasized that the 9% growth in Average Room Rate (ARR) and the 12% increase in RevPAR reflect the strength of the diversified portfolio, disciplined revenue management, and consistent demand in corporate travel, MICE events, and social occasions.

Saraf added that the substantial improvement in profit after tax contributed to reduced financial expenses and depreciation. The company's Average Room Rate (ARR) grew by 8.6% year-on-year to 11,514 rupees, and Revenue Per Available Room (RevPAR) increased by 12.2% to 8,601 rupees. Consolidated occupancy reached 74.7% compared to 72.3% in the previous year.

For the first half of fiscal year 27, total revenue increased by 10% to 510.3 crore rupees, and EBITDA grew by 4% to 180.3 crore rupees, while Profit After Tax (PAT) increased by 173% to 70.4 crore rupees.

The company also announced the signing of a binding Memorandum of Understanding (MoU) to acquire the Novotel Imagicaa hotel with 287 rooms, located near Mumbai, for approximately 248 crore rupees, equivalent to about 86 lakh per key. Furthermore, the company began the soft opening of the Westin Bengaluru hotel with 238 rooms, marking the start of a new partnership with Marriott International. Saraf stated that the company is also developing Grand Hyatt hotels in New Delhi and Guwahati, aiming to double its hotel portfolio and EBITDA by fiscal year 31.

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Chalet Hotels' profit increased by 40% to 216 crore rupees, while revenue decreased by 32%

Chalet Hotels Limited reported a 39.6% increase in consolidated net profit in the second quarter of the fiscal year 2026-27, reaching 216.3 crore rupees. This figure is higher than 154.8 crore rupees in the same period last year.

However, operating revenue for the company decreased by 31.7%, amounting to 502 crore rupees in Q2FY27, compared to 735.3 crore rupees in the same quarter a year earlier, according to quarterly results published on Wednesday.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) excluding exceptional items stood at 227 crore rupees, which is lower than 307.7 crore rupees from the previous year.

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Shwetank Singh, CEO and Managing Director of Chalet Hotels Limited, noted that despite the decline in air travel and the increase in air ticket prices, which affected some business travel markets, the company demonstrated an 11.3% year-on-year growth in Average Daily Rate (ADR) and a 7.2% increase in RevPAR.

He added that the leisure properties performed particularly well, increasing RevPAR by 34% due to improvements in both occupancy and room rates. Overall, the business continued to show healthy growth, contributing to an improvement in operating margin.

By segment, total revenue from the hotel business, which includes hotels, grew by 8.2% year-on-year to 411.5 crore rupees during the quarter, compared to 380.2 crore rupees a year earlier. Revenue from rental and annuity business increased by 22%, reaching 90.1 crore rupees from 73.8 crore rupees a year ago.

However, revenue from the real estate segment sharply dropped to 45.1 lakh rupees from 282.1 crore rupees in the quarter last year.

For the six months ending September 30, 2026, consolidated operating revenue was 1,014.3 crore rupees compared to 1,629.9 crore rupees in the same period last year, and net profit for the first half of FY27 rose to 302.4 crore rupees.

The hospitality player's portfolio covers 11 operational hotels and resorts under various brands, including JW Marriott, The Westin, Marriott, and Novotel, and 2,036 rooms are under development.

Singh also reported encouraging progress in the brand portfolio, including the launch of ATHIVA Pulse in Navi Mumbai. He added that the Taj Delhi International Airport and CIGNUS II, Powai projects are nearing completion, and the expansion of the ATHIVA line positions the company favorably for the next stage of growth.

business-standard.comOctober 26, 14:39

ITC Hotels' second-quarter profit rose by 52% to 202.6 crore rupees, revenue increased by 26%

ITC Hotels Limited reported significant growth in its performance for the second quarter of the fiscal year 2027 (Q2FY27). The company's consolidated net profit increased by 52% year-on-year, reaching 203 crore rupees, compared to 133 crore rupees the previous year. Meanwhile, operating revenue grew by 26%, amounting to 1,054 crore rupees versus 839 crore rupees in the previous year.

Total income in Q2FY27 reached 1,106 crore rupees, which is 25% more than 885 crore rupees in Q2FY26. The Board of Directors of ITC Hotels approved the establishment of a wholly-owned subsidiary in Dubai, United Arab Emirates, pending necessary regulatory approvals.

The proposed structure will engage in hotel business, restaurants, and other related activities. According to a separate regulatory filing, the necessary permits for establishing this structure will be obtained from the relevant authorities in Dubai. After registration, the company plans to acquire 100% of the equity capital of the proposed structure with a nominal value not exceeding 20 crore rupees, which will be introduced in tranches.

Furthermore, the EBITDA metric showed a year-on-year increase of 37%, rising to 337 crore rupees from 246 crore rupees. The EBITDA margin improved to 32%, up from 29% in the same period last year. Revenue Per Available Room (RevPAR) for the July-September quarter grew by 21% compared to last year, driven by increases in occupancy and Average Room Rate (ARR).

Currently, the company manages 243 hotels with 23,266 rooms, including 156 operational and 87 under development. By 2031, the company intends to increase the number of operational hotels to 250 with over 22,000 active rooms. The launch of the Kumarakom resort is also planned for December of this year, and Welcomhotel Ahmedabad is expected to be renovated within the next six months.