Grand Continent Hotels Announces FY26 Audited Financial Results and Appoints New Statutory Auditors
Grand Continent Hotels Limited announced the outcomes of its Board of Directors meeting held on May 22, 2026, alongside the release of its Annual Audited Standalone and Consolidated Financial Results for the year ended March 31, 2026. The Board meeting approved the audited financial statements, which received an unmodified opinion from the Statutory Auditors.The company also announced key appointments for its internal and secretarial audit functions for the current financial year.
Financial Performance Highlights
The audited financial results provide a comprehensive view of the company's financial health across the year ended March 31, 2026.For the year ended March 31, 2026, the company reported the following consolidated performance figures:
| Metric | Year Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|
| Total Revenue From Operations | 14,300.55 IN lakhs | 7,262.17 IN lakhs |
| Total Income | 14,300.55 IN lakhs | 7,323.77 IN lakhs |
| Profit/(Loss) before Tax | 1,423.29 IN lakhs | N/A |
| Net Profit/Loss for the Period/Year | 1,008.36 IN lakhs | N/A |
| Total Assets | 17,039.1 IN lakhs | 13,038.8 IN lakhs |
Note: All figures are in Indian Lakhs (IN lakhs), unless otherwise stated.
The detailed standalone financial results for the half-year and year ended March 31, 2026, show the following key revenue figures:
| Period | Revenue From Operations | Other Income | Total Income |
|---|---|---|---|
| October 2025 to March 2026 (Half Yearly) | 7,213.30 | 228.18 | 7,441.48 |
| March 31, 2026 (Year End) | 11,878.34 | 506.51 | 12,384.84 |
Corporate Governance Updates
The Board of Directors approved the appointment of professional auditors for the company for the financial year 2026-27.1. Internal Auditor: M/s. Aakash Singhvi & Company, Chartered Accountants [FRN:021497S] was appointed as the Internal Auditor of the Company with effect from May 22, 2026.
2. Secretarial Auditor: M/s. Amisha & Co., Practicing Company Secretaries [FRN:S2020GJ744600] was appointed as the Secretarial Auditor of the Company with effect from May 22, 2026.
Operational and Financial Observations
The company provided several key operational insights regarding the financial period:- IPO Funds Utilization: The company received a sum of Rs. 6,124 lakhs (net of IPO expenses of Rs. 950 lakhs) from its successful Initial Public Offering (IPO) in March 2025. These funds were utilized for the repayment of debts/loans, General Corporate purpose, and Growth Capital.
- GST Impact: Due to a GST notification effective from September 22, 2025, the GST rate on specified hotel services reduced from 12% to 5%. Consequently, the company is no longer eligible to claim Input Tax Credit (ITC) on related expenses under the revised structure. This change in ITC, amounting to Rs. 540.34 lakhs, was charged as an expense during the second half of the year.
- Board Meeting: The Board meeting commenced at 03.30 P.M. and concluded at 4.30 P.M. on May 22, 2026.
The financial statements were prepared in accordance with the Accounting Standards (AS) prescribed under the Companies Act, 2013.
GCHOTELS Stock Price Movement
Grand Continent Hotels Limited shares slipped by 2.22% today, settling at ₹88.7 in post-market trading. The equity saw a total traded volume of 74,400 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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