Espire Hospitality Limited (532016)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Espire Hospitality's revenue was ₹37.4 Cr (+17.8% year on year, -12.4% on the previous quarter), and net profit ₹2.6 Cr (+82.9% year on year); the operating margin was 18.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹37.4 | +17.8% | -12.4% |
| Operating profit | ₹6.9 | -8.7% | +40.9% |
| Net profit | ₹2.6 | +82.9% | -38.0% |
| EPS (₹) | 1.75 | +82.3% | -38.2% |
| Operating margin | 18.5% | — | — |
📢 Recent Corporate Announcements
Espire Hospitality has announced that its 35th Annual General Meeting (AGM) will be held on September 25, 2026. The cut-off record date for e-voting eligibility has been fixed as September 18, 2026, with the e-voting window open from September 22 to September 24, 2026. Additionally, the board approved the reappointment of Bansal & Co, LLP as Statutory Auditors for a second consecutive 5-year term from the conclusion of the 35th AGM to the 40th AGM.
- 35th AGM scheduled for Friday, September 25, 2026 at Bhimtal, Uttarakhand
- Record date / cut-off date for e-voting set as September 18, 2026
- E-voting period runs from September 22, 2026 (09:00 AM) to September 24, 2026 (05:00 PM)
- Bansal & Co, LLP reappointed as Statutory Auditors for a second 5-year term subject to approval
- Register of Members and Share Transfer Books closed from September 19 to September 25, 2026
Espire Hospitality Limited has announced that its 35th Annual General Meeting (AGM) will be held on September 25, 2026, at Bhimtal, Uttarakhand. The Board approved the FY26 Annual Report and proposed the reappointment of Bansal & Co, LLP as Statutory Auditors for a second consecutive five-year term (up to the 40th AGM). The record date for e-voting eligibility has been set for September 18, 2026, with remote e-voting open from September 22 to September 24, 2026.
- 35th AGM scheduled for Friday, September 25, 2026, at Bhimtal, Uttarakhand
- Bansal & Co, LLP approved for reappointment as Statutory Auditors for a 5-year term (35th to 40th AGM)
- Cut-off date for e-voting fixed as Friday, September 18, 2026
- E-voting window open from September 22, 2026 (09:00 AM) to September 24, 2026 (05:00 PM)
- Book closure set from September 19, 2026 to September 25, 2026
Espire Hospitality Limited has scheduled its 35th Annual General Meeting for Friday, September 25, 2026, to be held in Bhimtal, Uttarakhand. The Board approved the Annual Report for FY26 and recommended the reappointment of Bansal & Co, LLP as Statutory Auditors for a second 5-year term spanning the 35th to 40th AGM. The record/cut-off date for e-voting has been fixed as September 18, 2026, with remote voting open from September 22 to September 24, 2026.
- 35th AGM scheduled to be held on Friday, September 25, 2026
- Bansal & Co, LLP reappointed as Statutory Auditors for a second consecutive 5-year term (35th to 40th AGM)
- Record date (cut-off) for e-voting set as September 18, 2026
- E-voting window active from September 22, 2026 (09:00 AM) to September 24, 2026 (05:00 PM)
- Register of Members and Share Transfer Books closed from September 19 to September 25, 2026
Espire Hospitality reported a 17.8% YoY growth in revenue from operations to ₹37.36 crore for Q1 FY27 compared to ₹31.71 crore in Q1 FY26. Net profit (PAT) increased 83.2% YoY to ₹2.62 crore from ₹1.43 crore in the corresponding prior-year period, supported by revenue growth and lower finance costs. Sequentially, revenue declined 12.4% from ₹42.67 crore in Q4 FY26 and PAT fell 38.0% from ₹4.22 crore, reflecting normal hospitality seasonality. Basic and diluted EPS improved to ₹1.75 for the quarter compared to ₹1.04 in Q1 FY26.
- Revenue from operations grew 17.8% YoY to ₹3,736.06 lakh (₹37.36 crore) vs ₹3,171.03 lakh in Q1 FY26
- Profit after tax surged 83.2% YoY to ₹261.60 lakh (₹2.62 crore) compared to ₹142.76 lakh in Q1 FY26
- Finance costs reduced to ₹272.24 lakh from ₹340.99 lakh in the year-ago quarter
- Quarterly EPS rose to ₹1.75 compared to ₹1.04 in Q1 FY26 and ₹2.84 in Q4 FY26
- Statutory auditors issued an unmodified review report on standalone results
Espire Hospitality reported an 83.2% YoY growth in standalone net profit to Rs 2.62 crore (Rs 261.60 lacs) for Q1 FY27 compared to Rs 1.43 crore (Rs 142.76 lacs) in Q1 FY26. Standalone revenue from operations grew 17.8% YoY to Rs 37.36 crore, though it declined 12.4% QoQ from Rs 42.67 crore in Q4 FY26 reflecting quarter-to-quarter seasonality. Finance costs reduced to Rs 2.72 crore from Rs 3.41 crore in the year-ago period, boosting profit before tax by 75.7% YoY to Rs 3.35 crore. Basic EPS for the quarter rose to Rs 1.75 compared to Rs 1.04 in Q1 FY26.
- Revenue from operations grew 17.8% YoY to Rs 3,736.06 lacs (Rs 37.36 cr) from Rs 3,171.03 lacs in Q1 FY26
- Net profit after tax increased 83.2% YoY to Rs 261.60 lacs (Rs 2.62 cr) vs Rs 142.76 lacs in Q1 FY26
- Finance costs reduced to Rs 272.24 lacs vs Rs 340.99 lacs in Q1 FY26
- Basic EPS for the quarter stood at Rs 1.75 against Rs 1.04 in Q1 FY26
Espire Hospitality Limited has scheduled a board meeting for August 14, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company reported a TTM revenue of Rs 134 Cr and a PAT of Rs 8 Cr, with a high debt-to-equity ratio of 2.76. The stock has faced significant pressure, declining 71.1% over the last 12 months. Investors will be watching for performance consistency following the 230% revenue growth reported in FY26.
- Board meeting scheduled for August 14, 2026, at 11:00 AM to approve Q1 FY27 results.
- Trading window for securities has been closed since June 30, 2026, per insider trading codes.
- Company currently manages a portfolio of 20 hotels and 1,125+ keys.
- TTM Operating Profit Margin stands at 18.7% on a revenue base of Rs 134 Cr.
Espire Hospitality Limited held an Extra-Ordinary General Meeting (EGM) on August 7, 2026, to seek shareholder approval for the re-appointment of Mr. Dileep Kumar as an Independent Director. The special resolution was passed with 100% of the 1,22,43,490 votes cast in favor. The meeting saw participation from 25 members (including proxies) out of a total 2,864 shareholders on record. This move ensures board continuity as the company pursues its aggressive expansion strategy in spiritual and luxury tourism.
- Special resolution for the re-appointment of Mr. Dileep Kumar as Independent Director passed with 100% approval.
- A total of 1,22,43,490 votes were polled, representing 82.05% of the total 1,49,22,624 outstanding shares.
- The meeting was attended by 19 members in person and 6 by proxy.
- The company reported 2,864 shareholders as of the record date for the EGM.
Espire Hospitality Limited has issued a notice for an Extra-Ordinary General Meeting (EGM) to be held on August 7, 2026. The primary agenda is the re-appointment of Mr. Dileep Kumar as an Independent Director for a second five-year term, effective from August 10, 2026, to August 9, 2031. The meeting will be conducted in physical mode at the company's registered office in Bhimtal, Uttarakhand. Shareholders as of the cut-off date of July 31, 2026, will be eligible to participate in the e-voting process.
- EGM scheduled for August 7, 2026, at 10:00 A.M. in Bhimtal, Uttarakhand
- Proposal to re-appoint Mr. Dileep Kumar as Independent Director for a 5-year term until August 9, 2031
- Cut-off date for determining e-voting eligibility is set for July 31, 2026
- Remote e-voting window opens August 4, 2026 (9:00 AM) and closes August 6, 2026 (5:00 PM)
- Mr. Dileep Kumar's current term is set to expire on August 10, 2026
Espire Hospitality Limited has scheduled an Extra-Ordinary General Meeting (EGM) for August 7, 2026, to seek shareholder approval for the re-appointment of Mr. Dileep Kumar as an Independent Director for a second five-year term. This follows the resignation of Mr. Anish Arun Shah, a Non-Executive Independent Director, effective July 14, 2026, due to his relocation outside India. In response to the vacancy, the board has reconstituted six key committees, including the Audit and Risk Management committees. Mr. Dileep Kumar, a Chartered Accountant with 20 years of experience, will chair all reconstituted committees.
- EGM scheduled for August 7, 2026, to approve director re-appointment
- Mr. Dileep Kumar proposed for a second 5-year term from August 10, 2026, to August 9, 2031
- Resignation of Mr. Anish Arun Shah effective July 14, 2026, due to relocation
- Reconstitution of 6 board committees including Audit, NRC, and Risk Management
- Mr. Dileep Kumar brings 20 years of experience in financial management
Espire Hospitality Limited has announced the resignation of Independent Director Mr. Anish Arun Shah, effective July 14, 2026, due to his relocation outside India. To maintain governance continuity, the board has approved the re-appointment of Mr. Dileep Kumar for a second five-year term (2026-2031), subject to shareholder approval at an EGM on August 7, 2026. Consequently, six key board committees, including Audit and Risk Management, have been reconstituted. Notably, Mr. Dileep Kumar will chair all six of these committees.
- Resignation of Mr. Anish Arun Shah as Independent Director effective July 14, 2026
- Proposed 5-year second term for Mr. Dileep Kumar starting August 10, 2026
- Extra-Ordinary General Meeting (EGM) scheduled for August 7, 2026, for shareholder approval
- Reconstitution of 6 board committees with Mr. Dileep Kumar as Chairman of each
- Mr. Dileep Kumar brings 20 years of experience in financial management
Espire Hospitality Limited has announced the resignation of Independent Director Mr. Anish Arun Shah effective July 14, 2026, due to his relocation abroad. The board has approved the re-appointment of Mr. Dileep Kumar as an Independent Director for a second five-year term, spanning from August 10, 2026, to August 9, 2031. An Extra-Ordinary General Meeting (EGM) is scheduled for August 7, 2026, to seek shareholder approval for this re-appointment. Following the resignation, the board has also reconstituted six key committees, including Audit and Risk Management.
- Resignation of Mr. Anish Arun Shah as Independent Director effective July 14, 2026
- Proposed re-appointment of Mr. Dileep Kumar for a second 5-year term until August 2031
- Extra-Ordinary General Meeting (EGM) scheduled for August 7, 2026
- Reconstitution of 6 board committees including Audit and Risk Management
Financial Performance
Revenue Growth by Segment
The company operates in a single segment, Hotels and Resorts, which recorded revenue of INR 120.18 Cr in FY 2024-25, representing a substantial 230% growth compared to INR 36.36 Cr in FY 2023-24.
Geographic Revenue Split
Revenue is primarily driven by 15 destinations including Rishikesh, Amritsar, Ayodhya, Jim Corbett, Bhimtal, Goa, Mussoorie, and Ranthambore. Specific percentage splits per region are not disclosed.
Profitability Margins
Net Profit Margin for FY 2024-25 stood at 6.9% (INR 8.29 Cr profit on INR 120.18 Cr revenue), improving from 7.0% in the previous year despite higher operational scale. Q3 FY25 PAT grew 214% YoY to INR 2.79 Cr.
EBITDA Margin
EBITDA Margin for FY 2024-25 was 19.2%, with absolute EBITDA surging 206% YoY to INR 23.07 Cr. Q3 FY25 EBITDA margin reached 20.7% (INR 8.56 Cr).
Capital Expenditure
The company added 200+ keys to its inventory in FY 2024-25 through three new properties. Total planned expenditure for the 1125+ key pipeline is not explicitly disclosed in absolute INR Cr.
Credit Rating & Borrowing
Finance costs for Q3 FY25 were INR 2.80 Cr, a 115% increase from INR 1.30 Cr in Q3 FY24, reflecting increased borrowing to fund portfolio expansion.
Operational Drivers
Raw Materials
Food, beverages, and guest supplies (Cost of Materials Consumed) represent 5.5% of total revenue, amounting to INR 2.29 Cr in Q3 FY25.
Import Sources
Primarily sourced from domestic vendors within India to support operations in Uttarakhand, Punjab, Uttar Pradesh, and Rajasthan.
Capacity Expansion
Current portfolio consists of 20 hotels and 1125+ keys (including confirmed pipeline). Added 200+ keys in FY25 via Zana by the Ganges, Country Inn Premier Amritsar, and Country Inn Anant Ayodhya.
Raw Material Costs
Raw material costs stood at INR 2.29 Cr in Q3 FY25, representing 5.5% of revenue. Procurement strategies focus on supporting luxury and upscale guest experiences.
Manufacturing Efficiency
RevPAR of INR 8,051 for FY 2024-25 is 51% higher than the industry average of INR 5,326, indicating high asset utilization and efficiency.
Strategic Growth
Expected Growth Rate
230%
Growth Strategy
Growth is driven by aggressive expansion into high-potential spiritual and leisure markets (Ayodhya, Rishikesh), strategic consolidation with Espire Resorts to include the Six Senses brand, and outperforming industry ADR and RevPAR benchmarks through premium positioning.
Products & Services
Luxury hotel stays, ultra-luxury resort experiences, spiritual tourism hospitality, and wedding venue services.
Brand Portfolio
Zana Luxury Escape, Country Inn Premier, Country Inn Nature Resort, Country Inn Tarika, Six Senses Fort Barwara.
New Products/Services
Launched Zana by the Ganges (Rishikesh), Country Inn Premier (Amritsar), and Country Inn Anant (Ayodhya) in FY25, contributing to the 230% annual revenue growth.
Market Expansion
Aggressive expansion in high-potential markets with a robust pipeline of confirmed openings in new destinations to capture luxury and midscale travelers.
Strategic Alliances
Strategic tie-up and business consolidation with Espire Resorts Private Limited to bring the Six Senses brand (Fort Barwara) into the portfolio.
External Factors
Industry Trends
The industry is seeing a surge in spiritual and premium leisure tourism; the company is positioning itself in Ayodhya and Rishikesh to capture this demand, outperforming industry ADR by 79%.
Competitive Landscape
Competes in the luxury and upscale segments against established hotel chains, leveraging superior ADR and RevPAR to maintain market leadership.
Competitive Moat
Moat is built on a strategic alliance with Six Senses and a high-end portfolio allowing for a 79.4% ADR premium over the industry average, which is sustainable due to brand equity and location-specific advantages.
Macro Economic Sensitivity
Sensitive to global growth (projected at 3.1% by IMF) and domestic tourism cycles, particularly the high-demand wedding season in Q4 and Q1.
Consumer Behavior
Shift towards personalized, guest-centric experiences and ultra-luxury spiritual tourism is driving demand for the company's new properties.
Geopolitical Risks
Operations are subject to shifts in the political and economic environment in India and internationally, impacting travel demand.
Regulatory & Governance
Industry Regulations
Complies with the Companies Act 2013, Ind AS, and hospitality-specific safety and pollution norms across various states.
Taxation Policy Impact
Effective tax rate of approximately 25% based on Q3 FY25 figures (INR 0.93 Cr tax on INR 3.69 Cr PBT).
Legal Contingencies
No specific pending court case values disclosed; general risks include potential litigation outcomes and labor relations disputes.
Risk Analysis
Key Uncertainties
Seasonal demand fluctuations and potential changes in tax laws impacting luxury travel costs by an estimated 5-10%.
Geographic Concentration Risk
High concentration in North India (Uttarakhand, Punjab, UP, Rajasthan), making revenue sensitive to regional tourism trends.
Third Party Dependencies
Dependency on Six Senses for the management of operations at the Fort Barwara property.
