| Metric | Value (₹ Cr) | Q4 FY26 | Q1 FY26 |
|---|---|---|---|
| Revenue | 127.04 | 6.9% | 2.3% |
| Total Income | 130.83 | 10.2% | 4.6% |
| Expenditure | 107.58 | 3.9% | 6.8% |
| PBT | 23.25 | 31.2% | 141.7% |
| Net Profit | 17.34 | 30.9% | 142.2% |
| OPM | 32.82% | 2.76pp | 0.16pp |
| NPM | 13.25% | 3.99pp | 7.52pp |
| EPS | 0.42 | 30.0% | 90.9% |
Core revenue (the key metric for hospitality) grew just 2.3% YoY and was essentially stalled, while the PAT surge was driven mainly by lower costs and a tripling of other income rather than core business strength, so quality is capped despite the large PAT beat.
Brigade Hotel Ventures PAT Surges 140% to ₹17 Cr in Q1 FY27
06 Aug 2026 · 6 Aug, 2:50 pm
Summary
Brigade Hotel Ventures Limited (BHVL) announced a robust Q1 FY27 performance, with Profit After Tax (PAT) surging by 140% YoY to ₹17 Crore from ₹7 Crore in Q1 FY26. Consolidated revenue saw a 5% increase to ₹131 Crore, while operating EBITDA grew by 9% to ₹46 Crore. This growth was driven by strong room revenue, with ARR up 7% and RevPAR up 9% YoY, supported by continued occupancy gains, particularly in Bengaluru. Management highlighted resilient domestic demand and improved operating performance alongside lower finance costs as key contributors to the PAT increase, with a focus on expanding the portfolio.
Key Highlights
- 1
Brigade Hotel Ventures Ltd. reported a consolidated Profit After Tax (PAT) of ₹17 Crore in Q1 FY27, marking a significant 140% surge compared to ₹7 Crore in Q1 FY26.
- 2
Consolidated total revenue for Q1 FY27 stood at ₹131 Crore, showing a growth of 5% over the ₹125 Crore recorded in Q1 FY26.
- 3
Operating EBITDA reached ₹46 Crore in Q1 FY27, reflecting a healthy growth of 9% compared to the same period last year.
- 4
The Average Room Rate (ARR) for the quarter grew by 7% YoY, increasing from ₹6,761 to ₹7,241.
- 5
Revenue Per Available Room (RevPAR) rose by 9% YoY, from ₹5,040 to ₹5,479.
- 6
Occupancy rates were maintained at a strong 75.7% for the quarter.
- 7
The launch of Courtyard by Marriott at WTC Chennai is scheduled for Q3 FY27.
Management Comments
Nirupa Shankar
Q1 FY27 reflected steady, broad-based improvement across our portfolio, with resilient domestic demand despite softer corporate/MICE activity, air travel disruptions, and a quiet events calendar weighing on banqueting and F&B. Room revenue remained the key growth driver, with healthy RevPAR growth led by strong pricing power and continued occupancy gains in Bengaluru. Operating EBITDA and margins improved on sustained cost discipline, while profit after tax rose sharply on stronger operating performance and lower finance costs post debt reduction. We remain focused on our expansion plans of doubling our keys and building a diversified portfolio across luxury, leisure, and business segments.
Informational and educational content only. Not investment advice.