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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
50 announcements match the current filters (relevance ≥ 5).
Viceroy Hotels Q4 Revenue Jumps 35% to ₹49.5 Cr; EBITDA Up 44% on Portfolio Expansion
Viceroy Hotels Limited (VHLTD) reported a robust 35.3% YoY revenue growth in Q4 FY26, reaching ₹49.5 crores, largely driven by the consolidation of Marriott Executive Apartments, Hyderabad. Operating EBITDA for the quarter grew 43.7% to ₹15.6 crores, with margins expanding by 183 bps to 31.4% due to better cost controls. However, Profit After Tax (PAT) faced pressure, falling nearly 40% YoY to ₹6 crores, primarily due to higher depreciation and finance costs from ongoing renovations and acquisitions. The company is currently executing a ₹100+ crore phased renovation plan to upgrade its core assets.
Key Highlights
Q4 FY26 revenue increased 35.3% YoY to ₹49.5 crores, while full-year FY26 revenue grew 6.3% to ₹149.7 crores.
Operating EBITDA for Q4 rose 43.7% YoY to ₹15.6 crores with a healthy margin of 31.4%.
Consolidation of Marriott Executive Apartments added ₹9 crores in room revenue and ₹3.7 crores in F&B revenue in its first quarter.
Management is investing ₹100+ crores in a 3-phase renovation program; Phase 1 is complete, and Phase 2 at Marriott Hyderabad is underway.
The company is actively evaluating distressed hospitality assets under NCLT for future inorganic growth.
👀 What to Watch
Investors should focus on the operational turnaround and margin expansion resulting from asset upgrades, while keeping an eye on the high finance costs which are currently impacting the bottom line. The successful integration of new properties and the progress of the ₹100 crore renovation plan are key catalysts for long-term value.
Ravinder Heights (RVHL) Reports Audited FY26 Results; Standalone Entity Posts Net Loss
Ravinder Heights Limited (RVHL) has released its audited standalone and consolidated financial results for the quarter and fiscal year ended March 31, 2026. The statutory auditors, M/s Dewan P.N. Chopra, issued an unmodified opinion, confirming that the financial statements provide a true and fair view of the company's affairs. However, the auditor's report specifically notes a net loss for the standalone entity during the financial year. The board approved the results in a meeting held on May 29, 2026, following a review by the Audit Committee.
Key Highlights
Audited standalone and consolidated results for FY26 approved with an unmodified audit opinion.
The company reported a net loss for the standalone entity for the financial year ended March 31, 2026.
Board meeting to approve results was conducted on May 29, 2026, between 03:15 P.M. and 03:45 P.M.
Audit verification was performed through electronic mediums, including remote secure networks and video conferencing.
The results for the quarter ended March 31, 2026, are balancing figures between audited full-year figures and nine-month unaudited data.
👀 What to Watch
Investors should examine the detailed financial tables to assess the magnitude of the net loss and identify if consolidated performance shows any recovery compared to standalone results. Monitor management's commentary on future real estate project timelines to gauge potential revenue recognition.
Ravinder Heights Approves FY26 Audited Results; Reports Net Loss with Unmodified Auditor Opinion
Ravinder Heights Limited (RVHL) has approved its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors, Dewan P N Chopra & Co, issued an unmodified opinion, confirming that the financial statements provide a true and fair view of the company's performance. Notably, the company reported a net loss for the standalone financial year, although specific numerical figures for revenue and loss were not detailed in the summary text. The audit was conducted through electronic means, with management providing digital records to ensure transparency.
Key Highlights
Board approved audited standalone and consolidated financial results for the financial year ended March 31, 2026.
Statutory auditors issued an unmodified opinion on the financial results for the year.
The company reported a net loss and other comprehensive income for the standalone financial year.
Q4 FY26 figures were derived as balancing figures between the audited full-year results and nine-month unaudited data.
The audit was conducted via electronic medium with management representing the integrity of digital records.
👀 What to Watch
Investors should examine the detailed Profit & Loss statement on the company's website to quantify the net loss and evaluate the operational efficiency. Monitor for any management guidance regarding the path to profitability in the next fiscal year.
Vardhman Holdings Recommends Rs 5 Dividend; FY26 Net Profit Increases to Rs 40.48 Crore
Vardhman Holdings Limited has recommended a final dividend of Rs. 5 per equity share for the financial year ended March 31, 2026. The company reported a Profit After Tax of Rs. 40.48 Crores for FY26, marking an increase from Rs. 36.80 Crores in the previous fiscal year. Total revenue from operations for the year was Rs. 53.87 Crores, while total comprehensive income surged to Rs. 47.10 Crores. The company's Earnings Per Share (EPS) improved to Rs. 126.88 from Rs. 115.36 year-on-year.
Key Highlights
Recommended a final dividend of Rs. 5 per equity share for the financial year 2025-26
Net Profit (PAT) grew to Rs. 40.48 Crores in FY26 from Rs. 36.80 Crores in FY25
Total Comprehensive Income significantly increased to Rs. 47.10 Crores versus Rs. 20.99 Crores YoY
Earnings Per Share (EPS) for the full year rose to Rs. 126.88
Total assets as of March 31, 2026, stood at Rs. 986.20 Crores compared to Rs. 940.94 Crores in the previous year
👀 What to Watch
Investors should consider the steady growth in net profit and the consistent dividend payout as positive indicators. The company's performance remains closely tied to the valuation of its underlying investment portfolio.
Vardhman Holdings Reports FY26 PAT of ₹40.48 Cr, Recommends ₹5 Dividend
Vardhman Holdings Limited reported a Profit After Tax (PAT) of ₹40.48 Crores for the financial year ended March 31, 2026, marking a 10% increase from ₹36.81 Crores in FY25. While annual revenue from operations slightly declined to ₹53.87 Crores from ₹56.11 Crores, the company's Earnings Per Share (EPS) improved to ₹126.88. The Board has recommended a dividend of ₹5 per share, reflecting steady returns for shareholders. As an investment company, its performance remains driven by dividend income and fair value gains on its substantial investment portfolio.
Key Highlights
Annual Profit After Tax (PAT) grew 10% YoY to ₹40.48 Crores in FY26.
Earnings Per Share (EPS) increased to ₹126.88 from ₹115.36 in the previous year.
Board recommended a dividend of ₹5 per fully paid-up equity share.
Total Comprehensive Income surged to ₹47.10 Crores in FY26 compared to ₹20.99 Crores in FY25.
The value of investments held by the company stood at ₹978.25 Crores as of March 31, 2026.
👀 What to Watch
Investors should focus on the company's underlying investment portfolio value, which is significantly higher than its annual revenue. The steady dividend and growth in annual PAT suggest stable management of its holdings.
Viceroy Hotels Q4 Revenue Up 35% to ₹49.5 Cr; PAT Drops 40% on Higher Finance Costs
Viceroy Hotels reported a robust 35.3% YoY increase in Q4 FY26 revenue to ₹49.5 Cr, supported by its Marriott-branded properties in Hyderabad. EBITDA grew 43.7% to ₹15.6 Cr with margin expansion to 31.4%, reflecting improved operational efficiency. However, Profit After Tax (PAT) for the quarter fell 39.8% YoY to ₹6.0 Cr due to higher depreciation and finance costs linked to expansion and renovation projects. For the full year FY26, PAT saw a sharp 76.5% decline to ₹18.3 Cr, though this follows an exceptionally high base in FY25.
Key Highlights
Total Income for Q4 FY26 grew 35.3% YoY to ₹49.5 Cr, while FY26 income rose 6.3% to ₹149.7 Cr.
EBITDA for the quarter increased 43.7% YoY to ₹15.6 Cr, with margins improving by 183 bps to 31.4%.
PAT for Q4 FY26 declined 39.8% YoY to ₹6.0 Cr, impacted by expansion-led finance and depreciation costs.
Hospitality segment occupancy saw a slight dip to 64.8% from 67.6% YoY, while ADR remained stable at ₹7,605.
Executive Apartments room revenue showed healthy traction, growing 10.0% YoY for the full year to ₹33.2 Cr.
👀 What to Watch
Investors should monitor if the EBITDA margin expansion can be sustained as the company scales its renovation and expansion initiatives. The stock may face short-term pressure due to the significant drop in net profit caused by rising finance costs.
VHLTD to Invest ₹100+ Cr in Renovations; Total Room Inventory to Reach 663 Keys
Viceroy Hotels Limited (VHLTD) has unveiled a strategic growth roadmap involving a ₹100+ Crore investment to renovate and upgrade its Hyderabad properties in three phases through FY28. The company is expanding its portfolio from 463 operational rooms to 663 rooms, including a new 200-room Greenfield Courtyard by Marriott project in Madhapur. Recent developments include the acquisition of the 75-room Marriott Executive Apartments and the commencement of Phase I renovations in April 2026. The expansion leverages strong tailwinds in the Hyderabad market, where RevPAR has grown at a 7.9% CAGR over the last decade.
Key Highlights
Planned investment of ₹100+ Crore for phased renovation and upgrades of existing properties through FY28.
Total room inventory to reach 663 keys, including a 200-room Greenfield project in the Madhapur IT hub.
Phase I renovation work commenced in April 2026, targeting 56 rooms and new luxury amenities by FY27.
Acquired Marriott Executive Apartments (75 keys) to strengthen presence in Hyderabad's corporate corridor.
Expanding convention center capacity to 20,000 sq. ft. to capture the high-growth MICE segment.
👀 What to Watch
Investors should monitor the execution timelines of the three-phase renovation and the operational performance of the newly acquired assets. The company's focus on distressed asset turnaround in a high-demand market like Hyderabad presents a significant growth opportunity if execution remains on track.
VHLTD Reports Full Secretarial Compliance for FY26; No New Deviations Noted
Viceroy Hotels Limited (VHLTD) has submitted its Annual Secretarial Compliance Report for FY 2025-26, showing zero new regulatory deviations. The report confirms that the company has addressed previous lapses, including a 2024 penalty for a one-day delay in RPT filing and a SEBI warning letter. A significant corporate development noted is the acquisition of SLN Terminus Hotels & Resorts Private Limited on December 31, 2025. This clean report suggests a strengthening of internal controls and governance frameworks.
Key Highlights
Zero new non-compliances or deviations reported for the review period ending March 31, 2026.
Acquisition of SLN Terminus Hotels & Resorts Private Limited completed on December 31, 2025.
Past penalties from June 2024 regarding RPT filing delays have been fully settled.
Full compliance confirmed for SEBI Insider Trading and Listing Obligations (LODR) regulations.
👀 What to Watch
The clean compliance report is a positive signal for long-term investors regarding the company's governance. Focus on how the new subsidiary acquisition impacts the bottom line in upcoming earnings.
VHLTD FY26 Results: Total Income Rises to ₹139.10 Cr; Revenue From Operations Stagnant
Viceroy Hotels Limited reported a total income of ₹13,909.90 Lakhs for the financial year ended March 31, 2026, a slight increase from ₹13,602.13 Lakhs in the previous year. However, core revenue from operations saw a marginal decline to ₹12,981.07 Lakhs compared to ₹13,248.96 Lakhs in FY25. The growth in total income was primarily driven by a significant jump in 'Other Income' to ₹928.83 Lakhs. The statutory auditors have issued an unmodified opinion, and the company has appointed M/s. Murthy & Kanth as new internal auditors for FY 2026-27.
Key Highlights
Annual Total Income increased to ₹13,909.90 Lakhs in FY26 from ₹13,602.13 Lakhs in FY25.
Revenue from operations for Q4 FY26 remained nearly flat at ₹3,531.47 Lakhs versus ₹3,533.30 Lakhs in Q4 FY25.
Other Income for the full year surged to ₹928.83 Lakhs from ₹353.17 Lakhs in the previous fiscal year.
Statutory Auditors M S K C & Associates LLP issued an unmodified/unqualified audit report for FY26.
M/s. Murthy & Kanth, Chartered Accountants, appointed as Internal Auditors for the financial year 2026-27.
👀 What to Watch
Investors should exercise caution as core operational revenue growth is stagnant, with the bottom line supported by non-operational income. Monitor the upcoming detailed quarterly trends to see if the hospitality business can regain its growth momentum.
Viceroy Hotels Wins Legal Battle; Tribunal Lifts Attachment on Courtyard by Marriott Property
Viceroy Hotels Limited (VHLTD) has received a favorable order from the SAFEMA Appellate Tribunal, setting aside a 2019 provisional attachment order by the Enforcement Directorate. The ruling releases the Courtyard by Marriott property in Hyderabad from legal encumbrance, citing immunity under Section 32A of the IBC following the company's successful CIRP completion in October 2023. This decision effectively concludes a multi-year litigation process regarding alleged proceeds of crime that had been previously rejected by NCLT/NCLAT. The detachment of these assets provides significant operational and financial relief to the new management.
Key Highlights
Appellate Tribunal sets aside the Provisional Attachment Order dated March 26, 2019, involving the Courtyard by Marriott property in Hyderabad.
Company granted immunity under Section 32A of the IBC following successful CIRP implementation and management change in October 2023.
The order brings a final conclusion to long-standing litigation with the Enforcement Directorate (ED) regarding alleged bank fraud.
Tribunal noted that claims forming the basis of alleged proceeds of crime were already conclusively rejected by NCLT/NCLAT.
The decision marks the end of litigation for the property, which has been finally decided in favor of the company.
👀 What to Watch
This is a major positive development as it clears the company's title to a key operating asset and removes a significant legal overhang. Investors should view this as a de-risking event that allows the new management to focus on operational growth and asset utilization.
VHLTD Assigned 'CARE BBB; Stable' Rating for ₹230.33 Cr Bank Facilities
CARE Ratings Limited has assigned investment-grade ratings to Viceroy Hotels Limited's bank facilities totaling ₹230.33 crore. The long-term facilities of ₹227.83 crore received a 'CARE BBB; Stable' rating, while short-term facilities of ₹2.50 crore were assigned 'CARE A3+'. The rated debt includes significant term loans from Kotak Mahindra Bank and Aditya Birla Capital with repayment schedules extending until December 2037. This assignment marks a formal assessment of the company's credit profile, providing a benchmark for its financial stability.
Key Highlights
CARE Ratings assigned 'CARE BBB; Stable' for long-term bank facilities worth ₹227.83 crore
Short-term bank facilities of ₹2.50 crore assigned a 'CARE A3+' rating
Total bank facilities rated by the agency amount to ₹230.33 crore
Term loans include ₹176.83 crore from Kotak Mahindra Bank and ₹50 crore from Aditya Birla Capital
Debt repayment terms are structured over 144 monthly instalments ending in December 2037
👀 What to Watch
The assignment of an investment-grade rating is a positive signal regarding the company's creditworthiness and financial structure. Investors should monitor if the company can maintain or improve this rating through consistent cash flow generation from its hotel operations.
Ravinder Heights Q3 Consolidated Net Profit Surges to ₹12.64 Cr; Revenue Jumps to ₹20.01 Cr
Ravinder Heights reported a massive turnaround in its consolidated financial performance for the quarter ended December 31, 2025. Consolidated revenue from operations rose to ₹20.01 crore from a mere ₹0.14 crore in the previous year's corresponding quarter. This led to a consolidated net profit of ₹12.64 crore, compared to just ₹0.02 crore in Q3 FY25. The growth is largely attributed to the performance of its subsidiary, Radhika Heights Limited, which contributed the bulk of the group's earnings.
Key Highlights
Consolidated revenue for Q3 FY26 stood at ₹2,001.16 Lakh vs ₹14.01 Lakh in Q3 FY25.
Consolidated net profit reached ₹1,263.58 Lakh for the quarter, up from ₹1.91 Lakh YoY.
Nine-month consolidated profit hit ₹5,230.53 Lakh, reversing a loss of ₹27.03 Lakh in 9M FY25.
Radhika Heights Limited and its subsidiaries contributed ₹1,265.57 Lakh to the quarterly profit.
Standalone results show a marginal loss of ₹15.32 Lakh, indicating the core value lies in subsidiaries.
👀 What to Watch
The significant profit surge driven by subsidiaries indicates strong operational momentum in real estate projects. Investors should verify if these gains are recurring or one-time project-based recognitions before taking long-term positions.
Viceroy Hotels Q3 PAT Jumps 50% to ₹10.9 Cr; Acquires Marriott Executive Apartments for ₹215 Cr
Viceroy Hotels reported a strong Q3 FY26 with PAT growing 50% YoY to ₹10.9 crores and EBITDA margins expanding to 31.5%. The company announced the strategic acquisition of Marriott Executive Apartments in Gachibowli, Hyderabad, for ₹215 crores, adding 75 premium keys. Operational metrics showed significant improvement with ADRs for Marriott and Courtyard rising by 10.3% and 11.3% YoY respectively. The management is progressing with a ₹120 crore capex plan, aiming to reach a total of 1,000 keys by 2030.
Key Highlights
Q3 FY26 PAT rose 50% YoY to ₹10.9 crores with revenue at ₹38.33 crores.
Acquired 75-room Marriott Executive Apartments in Hyderabad for ₹215 crores, expected to be immediately accretive.
EBITDA margin improved to 31.5% in Q3 FY26 from 30% in the previous year due to higher ADRs.
Average Daily Rate (ADR) for Courtyard property increased 11.3% YoY to ₹8,386.
Company targets 1,000 keys by 2030, currently operating 538 keys following the recent acquisition.
👀 What to Watch
Investors should view the margin expansion and inorganic growth positively as the company scales its presence in the high-growth Hyderabad market. Monitor the progress of Phase 2 renovations at the Marriott property which could temporarily impact occupancy but drive long-term ADR growth.
VHLTD Q3 FY26 PAT Jumps 50% YoY; Acquires Marriott Executive Apartments for ₹215 Crore
Viceroy Hotels Limited (VHLTD) reported a strong Q3 FY26 with PAT rising 50% YoY to ₹10.9 crores and EBITDA margins expanding to 31.5%. The company announced a major strategic acquisition of Marriott Executive Apartments in Gachibowli, Hyderabad, for ₹215 crores, which is expected to be earnings accretive from Q4 FY26. While 9-month revenue saw a slight 2.7% dip due to renovation disruptions, Average Daily Rates (ADR) grew by over 10% across flagship properties. Management remains committed to a long-term goal of 1,000 keys by 2030 and 40% EBITDA margins.
Key Highlights
Q3 FY26 PAT increased 50% YoY to ₹10.9 crores with EBITDA margins improving to 31.5% from 30.1%.
Acquired 75-room Marriott Executive Apartments for ₹215 crores, adding ₹48 crores in annual turnover potential.
ADR for Marriott and Courtyard properties rose by 10.3% and 11.3% YoY respectively in Q3 FY26.
Completed ₹50 crore Phase 1 renovation of Courtyard; Phase 2 Marriott convention expansion to 20,000 sq ft is underway.
Company aims to reach 1,000 keys by 2030, supported by a greenfield project in Madhapur and inorganic growth.
👀 What to Watch
Investors should focus on the company's successful margin expansion and the integration of the newly acquired Gachibowli asset. The stock remains a strong play on the Hyderabad hospitality upcycle and the company's aggressive capacity expansion plans.
Ravinder Heights (RVHL) Approves Q3 FY26 Unaudited Financial Results
Ravinder Heights Limited (RVHL) held a board meeting on February 13, 2026, to approve its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The board meeting commenced at 3:30 PM and concluded at 4:30 PM, following a prior intimation sent on February 9, 2026. The results were reviewed by the Audit Committee and are accompanied by a Limited Review Report. The company has complied with SEBI LODR regulations by making the results available on their website and in newspaper publications.
Key Highlights
Board approved unaudited standalone and consolidated financial results for Q3 and 9M FY26.
The board meeting was conducted on February 13, 2026, between 03:30 P.M. and 04:30 P.M.
Financial results are supported by a Limited Review Report from the statutory auditors.
Compliance maintained with SEBI Regulations 30, 33, 46, and 47 regarding disclosure and publication.
👀 What to Watch
Investors should examine the detailed financial statements on the company's website to evaluate revenue and margin trends for the quarter. Compare the nine-month performance against the previous year to assess the company's growth trajectory in the real estate sector.
Viceroy Hotels Q3 PAT Surges 50% to ₹10.93 Cr; Acquires Gachibowli Property for ₹215 Cr
Viceroy Hotels reported a robust 50% YoY growth in Profit After Tax (PAT) to ₹10.93 crore for Q3 FY26, driven by strong cost discipline and higher Average Daily Rates (ADR). While occupancy dipped to 63.9% due to renovation disruptions, ADR improved by 10.4% to ₹8,195, maintaining healthy EBITDA margins at 31.5%. The company also announced a significant ₹215 crore acquisition of Marriott Executive Apartments in Gachibowli, Hyderabad, which is expected to contribute to earnings starting Q4 FY26. Management has set an aggressive long-term target of reaching 1,000 keys by 2030.
Key Highlights
PAT increased by 49.9% YoY to ₹10.93 crore with margins expanding to 28.5%
Acquired Marriott Executive Apartments in Gachibowli for ₹215 crore, adding 75 executive rooms
Average Daily Rate (ADR) rose 10.4% YoY to ₹8,195, though occupancy fell to 63.9% due to renovations
EBITDA grew 6.5% YoY to ₹12.09 crore with a margin of 31.5%
Management targets expansion to 1,000 keys by 2030 to capitalize on the tourism upcycle
👀 What to Watch
Investors should note the strong margin expansion and the strategic acquisition which provides immediate revenue visibility for the upcoming quarters. The stock remains a watch for growth in the Hyderabad hospitality market as renovations conclude and new assets integrate.
Viceroy Hotels Announces ₹100 Cr Renovation and ₹215 Cr Acquisition Post-Insolvency Exit
Viceroy Hotels has successfully transitioned out of insolvency under new management from the Anirudh Group, which infused ₹60 crore in initial equity. The company is executing a turnaround strategy involving a ₹100+ crore renovation of its core Hyderabad assets and a ₹215 crore acquisition of Marriott Executive Apartments. This acquisition is strategically significant, bringing in an operational asset with a CY25 EBITDA of ₹21.45 crore. With a new 200-room greenfield project in the pipeline, the company aims to significantly scale its premium hospitality footprint in Hyderabad.
Key Highlights
Acquired 75-key Marriott Executive Apartments for ₹215 Cr; asset generated ₹21.45 Cr EBITDA in CY25.
Investing ₹100+ Cr in a 3-phase renovation of flagship Hyderabad properties to be completed by Q4 FY26.
Post-CIRP restructuring significantly reduced public equity from 3.67 crore shares to 6.31 lakh shares.
Pipeline includes a new 200-room greenfield Courtyard by Marriott project in Madhapur, Hyderabad.
Earnings visibility from the newly acquired asset is expected to begin in Q4 FY26.
👀 What to Watch
Investors should monitor the timely completion of the ₹100 Cr renovation phases and the financial integration of the Gachibowli acquisition. The stock represents a high-growth recovery play following its successful exit from the insolvency process.
VHLTD Q3 Net Profit Jumps 50% YoY to ₹10.93 Cr; Completes ₹206 Cr Acquisition
Viceroy Hotels Limited reported a strong performance for Q3 FY26, with standalone net profit rising 50% year-on-year to ₹10.93 crore. Revenue from operations grew to ₹38.33 crore, supported by improved operational efficiencies and higher other income. A significant strategic milestone was the 100% acquisition of SLN Terminus Hotels & Resorts for ₹206 crore, adding a Marriott-branded service apartment hotel in Hyderabad to the portfolio. While legal proceedings regarding property attachments continue, the company has secured a stay until March 2026, providing short-term stability.
Key Highlights
Standalone Net Profit increased by 50% YoY to ₹10.93 crore from ₹7.29 crore in the previous year's quarter.
Revenue from operations grew to ₹38.33 crore in Q3 FY26, up from ₹30.80 crore in Q2 FY26.
Completed the acquisition of SLN Terminus Hotels & Resorts for ₹206 crore on December 29, 2025.
Divested entire stakes in five subsidiaries, including Banjara Hospitalities and Café D Lake, for ₹66 lakhs.
The Hon’ble PMLA court extended the stay against coercive action on company properties until March 12, 2026.
👀 What to Watch
Investors should view the strong profit growth and the strategic Hyderabad acquisition as positive indicators of the company's post-IBC recovery. However, keep a close watch on the PMLA legal hearing scheduled for March 12, 2026, as it remains a key regulatory risk.
VHLTD Q3 Net Profit Jumps 50% YoY to ₹10.93 Cr; Acquires SLN Terminus for ₹206 Cr
Viceroy Hotels Limited (VHLTD) reported a strong performance for Q3 FY26, with standalone net profit rising 50% year-on-year to ₹10.93 crore. Revenue from operations grew to ₹38.33 crore, showing steady growth compared to both the previous quarter and the same period last year. A significant strategic development is the 100% acquisition of SLN Terminus Hotels & Resorts for ₹206 crore, adding a Marriott-branded service apartment hotel in Hyderabad to its portfolio. The company also reported an extension of the legal stay regarding property attachments until March 2026.
Key Highlights
Standalone Net Profit increased 50% YoY to ₹1,093.04 lakhs from ₹728.72 lakhs.
Revenue from operations grew to ₹3,832.96 lakhs, up from ₹3,079.69 lakhs in the preceding quarter.
Acquired 100% stake in SLN Terminus Hotels & Resorts Private Limited for ₹20,600 lakhs on December 29, 2025.
Profit Before Tax (PBT) saw a sharp sequential increase to ₹1,070.10 lakhs from ₹429.56 lakhs in Q2 FY26.
Legal stay against Enforcement Department property attachment extended to March 12, 2026.
👀 What to Watch
Investors should view the strong profit growth and the strategic acquisition of the Marriott-branded property as positive catalysts for future revenue. However, keep a close watch on the PMLA legal proceedings scheduled for March 2026 regarding property de-attachment.
Vardhman Holdings Q3 Consolidated PAT Drops 18% YoY to ₹53.71 Cr; EPS at ₹168.28
Vardhman Holdings Limited (VHL) reported a consolidated Profit After Tax (PAT) of ₹53.71 crore for Q3 FY26, an 18.3% decrease from ₹65.76 crore in Q3 FY25. The decline was primarily driven by a lower share of profit from its associates, which fell from ₹60.70 crore to ₹49.15 crore. On a standalone basis, total income also saw a reduction to ₹6.23 crore from ₹7.03 crore YoY. Consequently, the consolidated EPS for the quarter declined to ₹168.28 from ₹206.02 in the previous year's corresponding quarter.
Key Highlights
Consolidated PAT decreased 18.3% YoY to ₹53.71 crore in Q3 FY26.
Share of profit from associates fell to ₹49.15 crore from ₹60.70 crore YoY.
Consolidated EPS for the quarter dropped to ₹168.28 from ₹206.02 in the year-ago period.
Standalone total income for the nine-month period ended Dec 2025 was ₹55.02 crore vs ₹55.29 crore YoY.
The company recognized a minor ₹0.01 crore expense related to the implementation of new Labour Codes.
👀 What to Watch
Investors should closely monitor the performance of associate companies like Vardhman Textiles, as they are the primary drivers of VHL's consolidated profitability. The current decline in earnings suggests a cautious approach until the underlying textile sector performance improves.
