The Byke Hospitality Ltd (BYKE)
₹29.68 +1.06% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Byke Hospitality's revenue was ₹28.9 Cr (+7.6% year on year, +3.7% on the previous quarter), and net profit ₹2.2 Cr (+4.7% year on year); the operating margin was 43.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹28.9 | +7.6% | +3.7% |
| Operating profit | ₹12.6 | +7.0% | +5.8% |
| Net profit | ₹2.2 | +4.7% | +33.9% |
| EPS (₹) | 0.43 | +4.9% | +34.4% |
| Operating margin | 43.7% | — | — |
BYKE delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 69.03% of the BYKE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 77.05%. That is close to its usual level. Turnover was only ₹2 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal.
Delivery in the last 5 sessions: 83.0% · 56.6% · 57.1% · 64.0% · 69.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
The Byke Hospitality Ltd has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The certificate from Registrar & Transfer Agent MUFG Intime India Private Limited confirms the dematerialization, mutilation, and cancellation of share certificates received during the period. This is an ordinary quarterly compliance submission with no operational or financial implications.
- Compliance certificate submitted under Regulation 74(5) for the quarter ended September 30, 2026
- Certificate issued by Registrar & Transfer Agent MUFG Intime India Private Limited dated October 03, 2026
- Filing officially submitted to exchanges on October 08, 2026
The Byke Hospitality Limited submitted the voting results and Scrutinizer's Report for its 36th Annual General Meeting held on September 26, 2026. All listed resolutions were passed with the requisite majority, with approximately 40.93% of total outstanding shares polled across 21,395,478 votes. Key approved items include the adoption of FY26 audited financial statements, the re-appointment of retiring director Mr. Pramod Kumar Patodia, and the re-appointment of Mr. Anil Chothmal Patodia as Chairman and Managing Director.
- Total of 21,395,478 votes polled representing 40.93% of total 52,279,300 outstanding shares
- Adoption of audited financial statements approved with 99.99% of polled votes in favour
- Re-appointment of Chairman & MD Anil Chothmal Patodia approved with 99.97% votes in favour
- A total of 127 shareholders attended the AGM in person or through proxy
The Byke Hospitality Limited concluded its 36th Annual General Meeting on September 26, 2026. Shareholders approved all three proposed resolutions with requisite majorities, including the adoption of audited financial statements for FY26. Key corporate actions included the re-appointment of Mr. Pramod Kumar Patodia as director retiring by rotation and the approval of a special resolution re-appointing Mr. Anil Chothmal Patodia as Chairman and Managing Director. Detailed e-voting and physical voting tallies will be filed separately within two working days.
- 36th Annual General Meeting held on September 26, 2026
- 3 total resolutions presented and approved by shareholders
- Special resolution passed approving re-appointment of Anil Chothmal Patodia as CMD
- Remote e-voting held from September 23, 2026 (9:00 AM) to September 25, 2026 (5:00 PM)
The Byke Hospitality Ltd has scheduled its 36th Annual General Meeting (AGM) for FY 2025-26 on Saturday, September 26, 2026. The company fixed Saturday, September 19, 2026, as the cut-off date to determine shareholders eligible for remote e-voting. Additionally, the register of members and share transfer books will remain closed from September 20, 2026, to September 26, 2026 (both days inclusive).
- 36th Annual General Meeting scheduled for Saturday, September 26, 2026
- Cut-off date for remote e-voting fixed as Saturday, September 19, 2026
- Book closure period runs from September 20, 2026, to September 26, 2026 (both days inclusive)
The Byke Hospitality Limited has issued a corrigendum to its FY 2025-26 Annual Report and 36th AGM Notice to rectify the cut-off date for e-voting eligibility. The cut-off date, previously stated as Friday, September 18, 2026, has been corrected to Saturday, September 19, 2026, in compliance with statutory rules. The 36th AGM remains scheduled for Saturday, September 26, 2026, at 10:30 AM IST in Mumbai. All other meeting details, venue, and agenda items remain unchanged.
- AGM voting eligibility cut-off date revised from September 18, 2026, to Saturday, September 19, 2026
- 36th Annual General Meeting to be held on Saturday, September 26, 2026, at 10:30 AM IST
- Meeting venue confirmed at Hotel ICONIQA, Andheri (E), Mumbai
- Portfolio cited in the annual report comprises 35+ hotels and resorts with over 1,740+ rooms across 12 states
The Byke Hospitality Limited has issued a communication under Regulation 36(1)(b) of SEBI LODR to shareholders whose email addresses are not registered. The letter provides web links to access the 36th Annual General Meeting (AGM) notice and the Annual Report for FY 2025-26. The 36th AGM is scheduled to take place on Saturday, September 26, 2026, at 10:30 AM IST in Mumbai. The filing also serves as a reminder for physical shareholders to update mandatory KYC details per SEBI circular guidelines.
- 36th Annual General Meeting scheduled for Saturday, September 26, 2026, at 10:30 AM IST
- AGM venue fixed at Hotel ICONIQA, opp. T2 Terminal, Andheri (E), Mumbai
- Cut-off date for sending physical communication to unregistered email holders was August 28, 2026
- Mandated KYC and dematerialisation reminder issued under SEBI Master Circular dated May 07, 2024
The Byke Hospitality Limited has submitted its Annual Report for FY 2025-26 along with the notice convening its 36th Annual General Meeting (AGM) on Saturday, September 26, 2026. The record/cut-off date for electronic voting eligibility is set as Friday, September 18, 2026. Remote e-voting will remain open from September 23 to September 25, 2026. The company reported a footprint of 35 hotels and resorts spanning over 1,740+ rooms across 12 states and 22 cities.
- 36th Annual General Meeting scheduled for Saturday, September 26, 2026 at 10:30 AM IST in Mumbai
- Cut-off date for remote e-voting eligibility set for Friday, September 18, 2026
- Remote e-voting window active from September 23, 2026 (9:00 AM IST) to September 25, 2026 (5:00 PM IST)
- Book closure period scheduled from September 20, 2026 to September 26, 2026 (both days inclusive)
- Annual report highlights a portfolio of 35 hotels and resorts with over 1,740+ rooms across 12 states
The Byke Hospitality has signed agreements for three new properties in Nashik and Mumbai, adding a total of 186 keys to its portfolio. This represents a ~17.2% expansion relative to its current capacity of 1,081 keys. Simultaneously, the company is consolidating its footprint by exiting five existing locations in Bhopal, Indore, Dapoli, and Shimla to focus on high-yield revenue centers. This portfolio churn reflects a strategic shift toward urban and high-demand resort locations.
- Adding 186 new keys across 3 locations: Nashik (78 keys), Sahar Road (59 keys), and Borivali (49 keys)
- Nashik property 'The Byke Astara Club Resort' includes 10 villas and 24 suite apartments with full club amenities
- Ceased operations at 5 properties: Chandigarh House-Bhopal, Om Celebration-Bhopal, Signature Planet-Indore, Skylark Seafront-Dapoli, and Nature Villas-Shimla
- New capacity represents approximately 17.2% of the existing 1,081-key portfolio
- Strategic focus shifted toward 'high-yield revenue centers' and asset allocation optimization
The Byke Hospitality Limited has filed a statement of deviation for the quarter ended June 30, 2026, confirming that funds raised through a preferential issue are being used as intended. The company raised Rs 54.95 crore via equity warrants, which were allotted on July 11, 2024. The Audit Committee has reviewed the statement and reported zero deviation or variation from the objects stated in the original EGM notice. This filing is a routine regulatory requirement to ensure transparency in capital deployment.
- Total amount raised via preferential issue of equity warrants: Rs 54,95,00,625
- Date of fund allotment: July 11, 2024
- Reporting period for the statement: Quarter ended June 30, 2026
- Confirmed deviation or variation in use of funds: Nil
The Byke Hospitality reported a steady Q1 FY27 with revenue from operations reaching Rs 28.85 Cr, a 7.6% increase compared to Rs 26.82 Cr in the same quarter last year. Net profit stood at Rs 2.25 Cr, up 4.6% YoY from Rs 2.15 Cr. The company's asset-light model (82% leased properties) continues to support margins, with an estimated EBITDA margin of approximately 44.7% this quarter. Finance costs remained stable at Rs 2.69 Cr, while depreciation expenses rose to Rs 7.97 Cr.
- Revenue from operations increased 7.6% YoY to Rs 28.85 Cr from Rs 26.82 Cr.
- Net profit for the quarter rose to Rs 2.25 Cr, a 4.6% increase over the Rs 2.15 Cr reported in Q1 FY26.
- Finance costs decreased to Rs 2.69 Cr compared to Rs 3.00 Cr in the year-ago period.
- Basic and Diluted EPS improved to Rs 0.43 from Rs 0.41 YoY.
- The company maintains a significant asset-light footprint with 1,042 keys under lease out of 1,081 total keys.
The Byke Hospitality has approved the re-appointment of Mr. Anil Patodia as Chairman and Managing Director for a five-year term from August 1, 2026, to July 31, 2031. Mr. Patodia has been the Managing Director since 2010 and oversees a portfolio of 1,081 keys across 17 properties. Additionally, the company appointed Mr. Mihir Dhadve as the new Company Secretary and Compliance Officer effective July 27, 2026. This leadership continuity occurs against a backdrop of a 57.9% share price decline over the past 12 months and a modest ROCE of 6.0%.
- Re-appointment of Anil Patodia as CMD for a 5-year term ending July 31, 2031
- Mr. Patodia brings over 24 years of experience and has led the company as MD since 2010
- Appointment of Mihir Dhadve (ACS: 79788) as Company Secretary & Compliance Officer effective July 27, 2026
- Company maintains a portfolio of 1,081 keys, with 14 out of 17 properties being leased
- The CMD's re-appointment is subject to shareholder approval at the upcoming Annual General Meeting
The Byke Hospitality has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed by the Registrar, MUFG Intime India Private Limited. This process involves the mutilation and cancellation of physical certificates and updating the register of members with the depository's name. This is a standard administrative filing with no impact on the company's financial health or operations.
- Compliance certificate issued for the quarter ended June 30, 2026
- Registrar MUFG Intime India confirmed processing of dematerialization requests
- Physical share certificates were mutilated and cancelled as per SEBI norms
- Register of members updated within prescribed timelines
- Company maintains a debt of Rs 105 Cr against a net worth of Rs 231 Cr
Anil Chothmal Patodia, on behalf of the Promoter Group and Persons Acting in Concert (PAC) of The Byke Hospitality Limited, has filed a disclosure under SEBI Takeover Regulations. The filing confirms that no encumbrances, direct or indirect, were created on the shares held by the promoters during the financial year 2025-2026. This is a standard annual compliance requirement that provides transparency regarding the status of promoter share pledging.
- Confirmation of zero encumbrance on promoter shares for the entire financial year 2025-2026
- Compliance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- Declaration covers the Promoter Group along with all Persons Acting in Concert (PAC)
The Byke Hospitality Ltd has informed the exchanges that its trading window for dealing in company securities will be closed starting July 01, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, for all designated persons and their relatives. The window will remain shut until 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026. The date for the board meeting to approve these results will be communicated separately.
- Trading window closure effective from July 01, 2026
- Closure pertains to the unaudited financial results for the quarter ending June 30, 2026
- Window to reopen 48 hours after the financial results are officially declared
- Applies to all 'Designated Persons' and their immediate relatives as per SEBI PIT Regulations
The Byke Hospitality reported a strong financial performance for FY26, with annual revenue growing 10.4% to ₹106.69 crore. Net profit for the full year saw a significant increase of 45.9%, reaching ₹6.70 crore compared to ₹4.59 crore in FY25. For the fourth quarter, net profit more than doubled to ₹1.68 crore from ₹0.77 crore in the year-ago period. The company also announced management changes, including the resignation of its Company Secretary and a shift in internal auditors.
- FY26 Revenue from operations increased by 10.4% YoY to ₹10,668.50 Lakhs.
- Annual Net Profit surged 45.9% to ₹670.45 Lakhs from ₹459.46 Lakhs in FY25.
- Q4 FY26 Net Profit grew 118% YoY to ₹167.65 Lakhs compared to ₹76.86 Lakhs in Q4 FY25.
- Earnings Per Share (EPS) improved to ₹1.28 for FY26 from ₹0.90 in the previous year.
- Total Comprehensive Income for the year stood at ₹683.44 Lakhs.
Financial Performance
Revenue Growth by Segment
Hotel business revenue was INR 96.64 Cr in FY24-25. Total operating income grew from INR 93.29 Cr in FY22 to INR 114.41 Cr in FY23, representing a 22.6% YoY increase.
Geographic Revenue Split
The company maintains a pan-India presence across 17 properties to mitigate geographic concentration risk; specific regional percentage splits are not disclosed in available documents.
Profitability Margins
For FY24-25, the company reported a PAT Margin of 4.75% (INR 4.59 Cr PAT) and an EBITDA Margin of 38.25% (INR 36.96 Cr EBITDA). Return on Equity (ROE) was 2.05% and Return on Capital Employed (ROCE) was 2.57%.
EBITDA Margin
EBITDA Margin was 38.25% in FY24-25 with an absolute EBITDA of INR 36.96 Cr. Core profitability is driven by an asset-light model with 82% of properties under lease.
Capital Expenditure
Total utilization of funds for the period included INR 9.07 Cr for repayment of borrowings and INR 31.89 Cr for working capital, totaling INR 40.96 Cr. A balance of INR 13.80 Cr remains for future deployment.
Credit Rating & Borrowing
The company is rated by CARE Ratings. Finance costs for H1FY25 were INR 6.03 Cr, an 89.6% increase from INR 3.18 Cr in H1FY24. Debt-to-Equity ratio remains very healthy at 0.05 times.
Operational Drivers
Raw Materials
Food ingredients, beverages, and housekeeping/linen supplies; specific percentage of total cost for each is not disclosed.
Capacity Expansion
Current capacity is 1,081 keys across 17 properties (2 owned, 14 leased with 1042 keys, 1 managed with 39 keys). Expansion strategy focuses on increasing the mix of leased and managed properties.
Raw Material Costs
Raw material price fluctuations are cited as a key risk to operations; however, specific YoY cost change percentages are not disclosed.
Strategic Growth
Growth Strategy
Growth is targeted through a balanced mix of owned, leased, and managed properties to enhance flexibility. The company is positioning itself to capture demand from 'Affluent India' by shifting from simple stays to meaningful, memorable holiday experiences.
Products & Services
Hotel room stays, vegetarian dining services (Eat Green), event hosting, and managed hospitality services.
Brand Portfolio
The Byke
Market Expansion
Focus on expanding the 'The Byke' brand reach through managed and leased properties across India.
Strategic Alliances
The company operates 1 property (39 keys) under a management contract as of September 30, 2022.
External Factors
Industry Trends
The hospitality industry is evolving toward experience-based travel. The services sector is expanding, and the company is positioning itself as a leader in the mid-market vegetarian hospitality segment.
Competitive Landscape
The landscape is characterized by growing interest from major international and domestic brands expanding their reach into regional markets.
Competitive Moat
Durable advantages include an asset-light model (82% leased) which allows for rapid scaling with low capital intensity, and a niche focus on 'Eat Green' vegetarian hospitality which caters to a specific, large demographic in India.
Macro Economic Sensitivity
Highly sensitive to rising disposable incomes in India; the emergence of 'Affluent India' is a primary driver for demand in the leisure services segment.
Consumer Behavior
Discerning travelers are increasingly seeking meaningful and memorable experiences rather than just standard hotel stays.
Regulatory & Governance
Industry Regulations
Operations are subject to safety rules, regulations, and periodic safety audits at each property. Compliance with SEBI (LODR) and Companies Act 2013 is monitored by the Board.
Taxation Policy Impact
The company paid INR 0.298 Cr in income taxes in H1FY25 on a Net Profit Before Tax of INR 3.60 Cr.
Legal Contingencies
The company identifies litigation as a factor that could impact operations, but specific pending case values in INR are not disclosed.
Risk Analysis
Key Uncertainties
Competition from major brands and business continuity risks (fires/natural disasters) are the primary uncertainties with potential to impact revenue by over 10-15%.
Geographic Concentration Risk
Mitigated by a pan-India presence across 17 properties.
Third Party Dependencies
Significant dependency on property owners for the 14 properties held under long-term lease contracts.
Technology Obsolescence Risk
The company is continuously monitoring and upgrading its information technology infrastructure to support business sustainability.
Credit & Counterparty Risk
Receivables quality is stable, with trade receivables decreasing by INR 0.067 Cr in H1FY25 despite operational growth.