Risks
3 risks
Risk Intelligence
Execution risk in large capex pipeline
View Risks →Brigade Hotel Ventures Limited — Q2 FY26
Brigade Hotel Ventures delivered a strong Q2 FY26 with total income of INR 130 crores (+20% YoY) and PAT of INR 11 crores (+58% YoY).
bullish
high
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
Brigade Hotel Ventures delivered a strong Q2 FY26 with total income of INR 130 crores (+20% YoY) and PAT of INR 11 crores (+58% YoY). EBITDA grew 9% to INR 41 crores, impacted by a one-off property tax expense of INR 6 crores; excluding this, operational EBITDA growth would have been 25%. Performance was driven by robust ARR growth of 19% in Bangalore and 23% in GIFT City, with overall occupancy at 75.6%. The company is executing a strategic expansion to double its portfolio by adding ~1,700 keys over five years, with a total capex of INR 3,600 crores. Management expects growth momentum to sustain in H2 FY26 supported by corporate demand, weddings, and leisure travel. Key risk: execution delays in the large capex pipeline could strain balance sheet if cash flows underperform.
ब्रिगेड होटल वेंचर्स ने दूसरी तिमाही में अच्छा प्रदर्शन किया। कुल आय 130 करोड़ रुपये रही, जो पिछले साल से 20% ज्यादा है। मुनाफा 11 करोड़ रुपये रहा, जो 58% बढ़ा। कंपनी की कमाई 41 करोड़ रुपये रही, लेकिन इसमें 6 करोड़ रुपये का एक बार का प्रॉपर्टी टैक्स शामिल है। अगर यह टैक्स न होता, तो कमाई 25% बढ़ती। बेंगलुरु में कमरे के किराए 19% और GIFT सिटी में 23% बढ़े। 75.6% कमरे भरे रहे। कंपनी अगले पांच साल में 1,700 नए कमरे जोड़कर अपना कारोबार दोगुना करेगी, जिस पर 3,600 करोड़ रुपये खर्च होंगे। कंपनी को उम्मीद है कि कॉरपोरेट मांग, शादियों और घूमने-फिरने से दूसरी छमाही में भी ग्रोथ जारी रहेगी। खतरा: अगर बड़े निवेश में देरी हुई या नकदी प्रवाह कमजोर रहा, तो कंपनी पर कर्ज का बोझ बढ़ सकता है।
Risks3 trackedTranscriptfull text
Research workspace
Focused Modules
Transcript
Full text
Call Transcript
Full transcript text is available on this route.
Read Transcript →Quarter Snapshot
ARR
INR 7,106
+14% YoY
Average room rate for Q2 FY26, driven by strong pricing in Bangalore and GIFT City.
Occupancy
75.6%
Flat YoY
Occupancy remained stable at 75.6% in Q2 FY26, with Bangalore hotels seeing a slight decline from 81% to 78%.
RevPAR
INR 5,374
+13% YoY
Revenue per available room grew 13% YoY, reflecting strong rate management.
F&B Revenue Growth
14%
+14% YoY
Food and beverage revenue grew 14% YoY, driven by MICE, weddings, and social events.
Fast read
Guidance and risk preview
Total capital expenditure of INR 3,600 crores planned to add ~1,700 keys, with phasing back-ended: ~60% in years 3-4.
The INR 3,600 crores capex plan is back-ended, with potential delays in construction and cost overruns.
View Risks →