Robust Hotels Q1 FY27 Results (NSE: RHL)
Signal: Margin expansion
The read
The operating trajectory is only mildly positive: revenue reached ₹3,385.23 lakh, up 1.8% YoY, while EBITDA grew 6.9% and margin expanded to 45.6%; however, the 51.9% PAT growth to ₹611.98 lakh is not purely operational because other income of ₹451.87 lakh represented 55.7% of PBT.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹33.85 Cr | 1.8% | -16.0% |
| EBIT | ₹11.28 Cr | 12.2% | |
| Net profit | ₹6.12 Cr | 51.9% | |
| EPS | ₹3.54 | 51.9% | |
| EBIT margin | 45.6% |
P&L walk
Standalone revenue was ₹3,385.23 lakh, up 1.8% YoY but down 16.0% QoQ; EBITDA rose 6.9% YoY to ₹1,543 lakh and EBITDA margin expanded to 45.6%, while PAT increased 51.9% to ₹611.98 lakh with support from ₹451.87 lakh of other income.
Key positives
- EBITDA was ₹1,543 lakh, up 6.9% YoY versus revenue growth of 1.8%, and EBITDA margin expanded to 45.6%.
- Employee benefits expense declined 4.7% YoY to ₹559.81 lakh while other expenses were nearly flat, up 0.1% YoY to ₹1,412.09 lakh.
- Finance costs fell 22.0% YoY to ₹316.70 lakh, improving the operating-to-pre-tax conversion.
- EPS rose 51.9% YoY to ₹3.54, fully tracking PAT growth.
Key concerns
- Revenue grew only 1.8% YoY to ₹3,385.23 lakh and declined 16.0% QoQ, so the topline does not yet confirm a strong demand acceleration.
- Other income of ₹451.87 lakh was 55.7% of PBT, making the 51.9% PAT growth to ₹611.98 lakh materially less representative of recurring hotel operations.
Earnings quality: includes non-operating other income
Research and educational content only. Not investment advice.