Kamat Hotels Announces Q4 and Full Year Financial Results for FY2026; Appoints CFO Milind Wadekar
Kamat Hotels (India) Limited today disclosed the audited standalone and consolidated financial results for the fourth quarter and the full financial year ended March 31, 2026. The Board of Directors also approved the appointment of Mr. Milind Wadekar as Chief Financial Officer (CFO) and Key Managerial Personnel.The company also provided detailed statements of assets and liabilities, and cash flows for the respective periods, detailing a total comprehensive income of 4,118.47 lakhs (standalone) and 4,658.42 lakhs (consolidated) for the financial year.
Key Appointments
At the board meeting held on May 12, 2026, the Board of Directors approved the appointment of Mr. Milind Wadekar as Chief Financial Officer and Key Managerial Personnel, effective August 01, 2026.Mr. Wadekar was introduced as a seasoned finance leader with over 30 years of experience, including more than two decades in the hospitality sector. He holds qualifications including Chartered Accountant and a Bachelor's in Commerce. His previous experience includes serving as Executive Vice President - Finance and Investor Relations at Ventive Hospitality Limited and previously serving as CFO at Chalet Hotels Limited.
Financial Performance Highlights
The company reported its financial performance for the year ended March 31, 2026.Standalone Financial Results (₹ in lakhs)
The standalone statement of financial results shows the following consolidated totals:| Metric | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|
| Total Income | 29,350.01 | 29,159.09 |
| Total Expenses | 24,014.98 | 22,210.86 |
| Profit/(Loss) for the Year | 4,036.92 | 5,037.31 |
| Total Comprehensive Income | 4,118.47 | 5,050.50 |
| Earnings per share (Basic) | 13.30 | 17.26 |
Consolidated Financial Results (₹ in lakhs)
The consolidated results show a total income of 39,982.77 lakhs for the year ended March 31, 2026.| Metric | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|
| Total Income | 39,982.77 | 35,697.01 |
| Total Expenses | 30,205.62 | 30,205.62 |
| Profit/(Loss) for the Year before Tax | 5,422.03 | 6,540.42 |
| Total Comprehensive Income | 4,658.42 | 4,658.42 |
| Earnings per share (Basic) | 12.71 | 15.96 |
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Operational and Accounting Notes
The company detailed several key operational and accounting developments:Litigation Provisions and Assets:
The management reported provisions related to legal proceedings.
- Standalone: A capital advance of ₹ 129.00 lakhs paid in FY 2007-08 was settled for a total amount of ₹ 250.00 lakhs, recognizing ₹ 250.00 lakhs as exceptional income in the earlier quarter. The company also noted that interest received from the Prothonotary Account during the earlier quarter totaled ₹ 165.31 lakhs and ₹ 41.21 lakhs, recognized as exceptional income in the quarters ended March 31, 2025, and June 30, 2025, respectively.
- Consolidated: The Group also recognized an exceptional income of ₹ 250.00 lakhs in the earlier quarter from the settlement of a capital advance made in FY 2007-08.
Business Structure Changes:
The consolidated results reflect significant changes in the Group’s structure:
* Subsidiary Reclassification: The Holding Company reclassified ILEX Developers & Resorts Ltd. (IIDRL) as a subsidiary effective April 1, 2025. Previously accounted for as an associate, IIDRL is now consolidated on a line-by-line basis.
Asset and Lease Status:
* Lotus Resort - Konark: The company's original lease for the Konark unit expired in February 2024. While an extension was granted only up to September 2026, the company continues to estimate the useful life of its property, plant, and equipment and intangible assets based on its expectation that the lease will be further extended up to February 2029.
Cash Flow Movement:
According to the cash flow statements:
- Standalone Operating Cash Flow: Net cash generated from operating activities was ₹ 5,621.18 lakhs for the year ended March 31, 2026, compared to ₹ 3,358.32 lakhs in the previous year.
- Consolidated Operating Cash Flow: Net cash generated from operating activities was ₹ 9,771.11 lakhs for the year ended March 31, 2026, up from ₹ 6,621.89 lakhs in the previous year.
KAMATHOTEL Stock Price Movement
Today, Kamat Hotels (I) Limited shares gained momentum, settling at ₹180.45, marking a solid 3.08% gain for the session. The stock saw robust investor interest during trading, with a total volume reaching 216,317 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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