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Kamat Hotels has announced a board meeting to consider the financial results for the quarter and half-year.
Q4 FY25 revenue rose 9.5% YoY to INR 93 Cr, with EBITDA up 6.4% to INR 25 Cr (26.8% margin) and PAT surging 423% to INR 11 Cr. FY25 saw 19.1% revenue growth to INR 363 Cr, 15.2% EBITDA growth to INR 105 Cr (28.9% margin), and PAT up 4% to INR 47 Cr. Occupancy held steady at 65%, with ARR rising ~9% to ~6,500, targeting 7,500 by FY26 driven by new hotel openings.
Soft launch of Chandigarh Orchid (122 rooms) completed; Rishikesh (54 rooms) and Kutch Mandvi (153 rooms) planned by FY25-end. Renovation of Orchid Pune (410 to ~460 rooms) underway with INR 40 Cr capex funded internally. Margin pressure expected from leased/revenue-share assets offering 10-15% returns versus owned assets, but improvement seen as owned asset upgrades and selective management contracts grow. Net debt cut nearly in half to INR 105 Cr, aiming for INR 75 Cr by FY26-end. Operational efficiency and AI adoption target cost savings.
Premium hotels like Orchid Mumbai and IRA Mumbai maintain strong ARR (7,200 and 6,500) and occupancy (70-80%). New properties like Ayodhya hit 90% occupancy during Kumbh Mela. Rishikesh and Hyderabad openings in H1 FY26 expected to add ~INR 12 Cr revenue. Outlook cautiously optimistic, balancing soft opening adjustments and seasonality with focus on ARR growth, controlled margin dip, debt reduction, and strategic expansion.