Khfm Hospitality And Facility Management Services Limited (KHFM)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Khfm Hospitality's revenue was ₹50.0 Cr (+0.0% year on year, -12.3% on the previous half-year), and net profit ₹1.0 Cr (+0.0% year on year); the operating margin was 10.0%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹50.0 | +0.0% | -12.3% |
| Operating profit | ₹5.0 | +0.0% | +25.0% |
| Net profit | ₹1.0 | +0.0% | -50.0% |
| EPS (₹) | 0.50 | +25.0% | -53.7% |
| Operating margin | 10.0% | — | — |
📢 Recent Corporate Announcements
Khfm Hospitality And Facility Management Services Limited concluded its 20th Annual General Meeting on September 30, 2026. Shareholders approved the audited standalone and consolidated financial statements for FY ended March 31, 2026, with 100% votes in favor. Additionally, the re-appointment of Managing Director Ravindra Hegde, who retired by rotation, was passed with 99.91% approval. In total, 1,06,32,881 votes were polled, representing 46.01% of the total 2,31,10,499 outstanding shares.
- Adoption of FY26 financial statements passed with 100% votes in favor (1,06,32,881 votes)
- Re-appointment of MD Ravindra Hegde approved with 99.91% votes in favor and 9,300 votes (0.09%) against
- Total voter turnout stood at 46.01% of outstanding equity (1,06,32,881 of 2,31,10,499 shares)
- Promoter participation in voting was 96.57% (82,95,481 votes cast out of 85,90,084 shares held)
KHFM Hospitality and Facility Management Services has dispatched letters containing the web-link for its FY 2025-26 Annual Report to shareholders without registered email addresses. The company's 20th Annual General Meeting is scheduled to be held virtually on September 30, 2026, at 04:00 PM IST. The cut-off date for e-voting eligibility is set for September 23, 2026, with the e-voting window open from September 27 to September 29, 2026.
- 20th Annual General Meeting scheduled for September 30, 2026, at 04:00 PM IST via VC/OAVM
- Cut-off date for determining e-voting eligibility is September 23, 2026
- E-voting starts on September 27, 2026 (09:30 AM) and ends on September 29, 2026 (05:00 PM)
- Shareholder list cut-off date for physical notice dispatch was September 07, 2026
KHFM Hospitality and Facility Management Services has issued notice for its 20th Annual General Meeting, scheduled for September 30, 2026, via Video Conferencing. The meeting agenda includes the adoption of FY26 audited standalone and consolidated financial statements and the re-appointment of Managing Director Ravindra Hegde, who holds a 31.27% stake in the company. The cut-off date to determine e-voting eligibility has been set as September 23, 2026. The filing contains standard administrative AGM business with no special resolutions or corporate actions proposed.
- 20th AGM scheduled for September 30, 2026, at 04:00 PM IST via VC/OAVM
- Cut-off date for remote e-voting set as September 23, 2026
- Managing Director Ravindra Hegde (holding 72,25,878 shares or 31.27%) retires by rotation and seeks re-appointment
- Remuneration drawn by the Managing Director in FY 2025-26 was Rs. 12.00 lakh
KHFM Hospitality And Facility Management Services Limited has announced a change in its Secretarial Auditor for FY 2025-26 effective September 3, 2026. The Board approved the appointment of M/s. HRU & Associates, Practising Company Secretaries, to the role. This follows the resignation of M/s. Mishra & Associates, who cited pre-occupation of work and other professional commitments for stepping down.
- Appointment of M/s. HRU & Associates as Secretarial Auditor for FY 2025-26 approved on September 3, 2026
- Resignation of M/s. Mishra & Associates accepted effective September 3, 2026
- Outgoing auditor cited pre-occupation of work and other professional commitments for resignation
KHFM Hospitality and Facility Management Services Limited announced changes to its secretarial audit team following a board meeting on September 03, 2026. M/s. Mishra & Associates resigned from the post of Secretarial Auditor for FY 2025-26 citing pre-occupation and other professional commitments. Consequently, the Board has approved the appointment of M/s. HRU & Associates, Practising Company Secretaries (led by Mr. Himanshu Rohit Upadhyay), as the new Secretarial Auditor for FY 2025-26. This administrative compliance change carries no impact on operational performance or financials.
- Resignation of M/s. Mishra & Associates as Secretarial Auditor effective September 03, 2026
- Appointment of M/s. HRU & Associates as Secretarial Auditor for FY 2025-26 approved on September 03, 2026
- Board meeting commenced at 06:30 P.M. and concluded at 07:00 P.M. on September 03, 2026
Financial Performance
Revenue Growth by Segment
Consolidated revenue grew 14.4% YoY to INR 5,722.20 Lakhs. Standalone operations (Facility Management) grew 10.5% to INR 5,244.96 Lakhs. Subsidiary KHFM Infra Projects contributed INR 449.93 Lakhs, while KHFM & DP Jain Company contributed INR 67.32 Lakhs.
Geographic Revenue Split
Not disclosed in available documents, though the company is headquartered in Mumbai, Maharashtra.
Profitability Margins
Consolidated PBT margin stood at 2.74% for H1 FY26. Standalone Net Profit margin improved to 4.02% (INR 210.87 Lakhs) compared to 3.28% in the previous half-year, driven by tax credits.
EBITDA Margin
Operating Profit before working capital changes was INR 403.34 Lakhs (7.05% margin), a decrease from the previous year's full-year run rate, primarily due to a 51.3% surge in employee benefit expenses.
Capital Expenditure
Not explicitly disclosed for the current period; however, the company recorded a 'Sale of Property, Plant & Equipment' in previous periods with minimal current additions.
Credit Rating & Borrowing
Total borrowings as of September 30, 2025, reached INR 3,706.70 Lakhs (INR 36.30 Cr current, INR 0.77 Cr non-current). Finance costs for H1 FY26 were INR 260.46 Lakhs, representing an annualized interest impact of approximately 14-15% on outstanding debt.
Operational Drivers
Raw Materials
As a service-oriented firm, 'Employee Benefits' is the primary input, representing 50.6% of total revenue (INR 2,895.62 Lakhs). Other operational expenses (consumables/contract costs) represent 42.3% of revenue (INR 2,421.19 Lakhs).
Import Sources
Not disclosed in available documents; services are primarily domestic-based.
Capacity Expansion
Not disclosed in available documents; growth is driven by manpower deployment rather than fixed manufacturing capacity.
Raw Material Costs
Employee costs increased 51.3% YoY to INR 2,895.62 Lakhs, significantly outpacing revenue growth of 14.4%, indicating higher labor procurement costs or aggressive hiring for new sites.
Manufacturing Efficiency
Not applicable for service sector; however, standalone employee cost efficiency declined as costs rose faster than revenue.
Strategic Growth
Expected Growth Rate
14.40%
Growth Strategy
The company is achieving growth through its subsidiary KHFM Infra Projects (contributing 7.8% of consolidated revenue) and expanding its core facility management contracts. The strategy involves leveraging the parent company's brand to secure higher-value infrastructure and hospitality management contracts.
Products & Services
Hospitality management, facility management services (cleaning, security, maintenance), and infrastructure project management.
Brand Portfolio
KHFM
New Products/Services
Infrastructure project management through the KHFM Infra Projects subsidiary, which generated a profit of INR 27.78 Lakhs in H1 FY26.
Market Expansion
Expansion into infrastructure-related services to complement existing facility management portfolios.
Strategic Alliances
Partnership with D P Jain Company through the subsidiary KHFM & DP Jain Company.
External Factors
Industry Trends
The facility management industry is shifting toward integrated services and infrastructure maintenance. KHFM is positioning itself by incorporating infra-project subsidiaries to capture higher-margin technical services.
Competitive Landscape
Operates in a highly fragmented market with competition from both large integrated players and small local vendors.
Competitive Moat
The company relies on its long-standing brand in the hospitality and facility sector and its ability to manage large-scale manpower. However, the moat is narrow due to low entry barriers and high competition in the unorganized sector.
Macro Economic Sensitivity
Highly sensitive to labor laws and minimum wage inflation in India, as personnel costs are the largest expense component.
Consumer Behavior
Increased corporate and government outsourcing of non-core facility and maintenance tasks is driving demand.
Geopolitical Risks
Low, as the business is focused on domestic Indian facility and infrastructure management.
Regulatory & Governance
Industry Regulations
Subject to Contract Labour (Regulation and Abolition) Act and various state-specific minimum wage and shop/establishment acts.
Taxation Policy Impact
The company benefited from a tax credit/reversal of INR 12.92 Lakhs in H1 FY26, which supported the bottom line despite operational cost pressures.
Legal Contingencies
The company reported 'Allowance for Doubtful Debts' of INR 0.14 Lakhs, indicating minimal immediate legal disputes over payments, though trade receivables remain high at INR 43.21 Cr.
Risk Analysis
Key Uncertainties
Working capital management is a critical risk; the company saw a net cash outflow from operations of INR 187.87 Lakhs due to a massive increase in trade receivables.
Geographic Concentration Risk
Primarily concentrated in the Mumbai/Maharashtra region based on corporate address and subsidiary locations.
Third Party Dependencies
High dependency on the performance of the KHFM Infra Projects subsidiary for consolidated profitability, as the other subsidiary (KHFM & DP Jain) is currently loss-making (INR 5.91 Lakhs loss).
Technology Obsolescence Risk
Low risk for manual facility management, but increasing risk if competitors adopt automated cleaning and security technologies.
Credit & Counterparty Risk
Significant exposure to trade receivables, which increased by INR 432.09 Lakhs during the half-year, potentially impacting liquidity.
