Mumbai, February 3, 2025 – Kamat Hotels (India) Limited (BSE: 526668, NSE: KAMATHOTEL) has announced its financial results for the third quarter and nine months ended December 31, 2024, alongside key corporate developments including a strategic acquisition and board reappointments.
Financial Performance Overview
Standalone Financial Results
| Particulars | Q3 FY25 (₹ in Lakhs) | Q2 FY25 (₹ in Lakhs) | Q3 FY24 (₹ in Lakhs) | 9M FY25 (₹ in Lakhs) | 9M FY24 (₹ in Lakhs) | FY24 (₹ in Lakhs, Audited) |
|---|
| Revenue from Operations | 8,444.45 | 6,504.14 | 6,282.40 | 20,019.67 | 16,095.67 | 22,291.39 |
| Total Income | 9,143.12 | 7,162.69 | 6,993.91 | 22,037.37 | 18,279.65 | 25,471.10 |
| Total Expenses | 5,734.12 | 6,550.66 | 6,003.91 | 17,032.88 | 16,533.91 | 22,849.92 |
| Profit Before Tax | 4,309.50 | 1,612.63 | 2,424.44 | 5,004.48 | 4,698.18 | 5,373.63 |
| Net Profit After Tax | 2,514.70 | 1,146.85 | 4,137.87 | 3,702.10 | 4,400.94 | 4,523.95 |
| EPS (Basic & Diluted) | 8.29 | 3.96 | 16.78 | 12.85 | 12.47 | 17.67 |
The company reported a
33.4% YoY increase in revenue from operations for Q3 FY25 and a
43.1% QoQ jump, indicating strong business momentum.
Consolidated Financial Results
| Particulars | Q3 FY25 (₹ in Lakhs) | Q2 FY25 (₹ in Lakhs) | Q3 FY24 (₹ in Lakhs) | 9M FY25 (₹ in Lakhs) | 9M FY24 (₹ in Lakhs) | FY24 (₹ in Lakhs, Audited) |
|---|
| Revenue from Operations | 11,089.20 | 8,537.68 | 8,812.96 | 27,002.48 | 21,978.83 | 30,434.52 |
| Total Income | 11,264.48 | 8,708.78 | 8,812.96 | 27,566.72 | 22,624.31 | 31,533.77 |
| Total Expenses | 7,628.15 | 7,520.18 | 7,089.90 | 22,958.95 | 21,605.89 | 29,185.16 |
| Profit Before Tax | 3,538.47 | 1,168.33 | 992.27 | 4,635.72 | 1,560.96 | 2,356.11 |
| Net Profit After Tax | 2,618.05 | 834.90 | 4,157.38 | 3,559.68 | 4,271.94 | 4,484.72 |
| EPS (Basic & Diluted) | 8.63 | 2.81 | 15.17 | 11.98 | 11.99 | 17.52 |
The consolidated revenue also showed
25.9% YoY growth in Q3 FY25, while profit before tax surged significantly compared to the previous quarter.
Key Corporate Announcements
Reappointment of Mrs. Harinder Pal Kaur as Independent Director
The board approved the
reappointment of Mrs. Harinder Pal Kaur as an Independent Woman Director for a second term of
five years (May 15, 2025 – May 14, 2030), subject to shareholder approval. Mrs. Kaur, an M.A. in Economics from Mumbai University, has over
two decades of experience in sustainable hospitality projects.
Acquisition of Chandi Hospitality Private Limited (CHPL)
Kamat Hotels announced the
acquisition of 100% equity shares of Chandi Hospitality Private Limited (CHPL) for
₹1,00,000/-. CHPL, incorporated in
September 2022, is engaged in the hospitality sector. The acquisition aligns with Kamat Hotels’
strategic expansion plans, as CHPL has entered into a
lease agreement to operate a new Orchid-branded hotel in Chandigarh.
| Acquisition Details | Description |
|---|
| Entity Acquired | Chandi Hospitality Private Limited (CHPL) |
| Industry | Hospitality |
| Acquisition Type | 100% Share Purchase |
| Total Consideration | ₹1,00,000/- |
| Reason for Acquisition | Expansion of 'Orchid' hotel brand in Chandigarh |
| Completion Date | February 5, 2025 |
Management Commentary
Dr.
Vithal V. Kamat, Executive Chairman & Managing Director, stated:
"Our strong financial performance in Q3 FY25 reflects the robust recovery in the hospitality sector and our strategic initiatives. The acquisition of CHPL and the launch of an Orchid-branded hotel in Chandigarh will further strengthen our market presence and brand portfolio."
Strategic Outlook
- Expansion Plans: The acquisition of CHPL aligns with Kamat Hotels’ strategy of expanding its premium and mid-premium hotel brands under The Orchid, Fort JadhavGadh, Mahodadhi Palace, Lotus Resorts, and IRA by Orchid.
- Operational Efficiency: The company is focusing on leasing properties, revenue-sharing agreements, and management contracts to expand its footprint cost-effectively.
- Financial Stability: The company’s rising revenue and profit margins indicate resilient demand and operational efficiencies.
Conclusion
Kamat Hotels (India) Ltd. has demonstrated
strong financial growth in Q3 FY25, coupled with
strategic expansion through acquisitions. With a
diversified portfolio and
strong market positioning, the company is poised for sustained growth in India’s hospitality sector.
Stock Impact: Investors may respond positively to the company’s
strong earnings, strategic acquisitions, and future growth prospects.