Whalesbook
Is baar Sayaji Hotels ka result toh ekdum dhamaaka kar gaya, par buri tarah se! March 2026 khatam hone wale quarter mein, Company ka standalone net profit saal-dar-saal 96.1% neeche fisal gaya, jo ki ₹4.43 crore se ghata kar sirf ₹0.18 crore ho gaya. Poore saal FY26 ki baat karein toh profit 24.25% kam hokar ₹8.01 crore raha, haalanki revenue thoda sa 1.1% badhkar ₹107.31 crore ho gaya. Profit girne ka ek bada reason ₹1.25 crore ka exceptional charge bhi hai jo disputed power dues solve karne ke liye dena pada.
Ab aati hai sabse badi chinta - company par badhta hua karz. Non-current borrowings 260% se bhi zyada badh gaye hain, jo FY25 mein ₹26.06 crore the woh FY26 mein ₹94.09 crore ho gaye. Ye karz ki growth company ki equity growth (₹62.40 crore se ₹70.18 crore) se bahut zyada hai. Isse interest dene ka bojh badh gaya hai aur future mein paison ki dikkat ho sakti hai.
Aur tension ka ek aur reason hai company ka Indore wala flagship hotel ka land lease issue. Company 2017 se Indore Development Authority (IDA) ke saath case lad rahi hai, jab IDA ne lease cancel kar diya tha. Haalanki abhi operations chal rahe hain stay order ki wajah se, par Writ Appeal ka final result abhi bhi uncertain hai. Ye company ke liye ek bada risk bana hua hai.
Ye sab dekhte hue, investors ke liye thoda mushkil time aa raha hai. Interest expenses zyada honge aur legal case ki wajah se uncertainty bhi hai. Hotel industry mein baki companies jaise Lemon Tree Hotels aur Chalet Hotels ne toh apne results improve kiye hain, par Sayaji Hotels ki situation alag hai legal issues ki wajah se.
Aage kya hoga? Investors ab land lease wale case ke updates par nazar rakhenge. Plus, management kaise debt kam karegi, cash flow kaise manage karegi, aur expenses control karke profit margin improve karegi, ye sab bhi important hoga.