On Monday, February 3, 2025, Kamat Hotels (India) shares were trading at a high rate in markets that were otherwise weak. The company's share price rose 19.98% during intraday trading, locking at the top circuit of Rs 272.55 per share on the BSE. The company's nearly 0.83 million equity shares, worth roughly Rs 98.54 crore, were traded on the BSE and NSE.
Following the northward shift, the company's third-quarter financial results for the fiscal year 2024–2025 (Q3FY25) were made public.
In an exchange filing, Kamat Hotels (India) stated that its revenue for the quarter increased from Rs 86.1 crore in Q3FY24 to Rs 110.9 crore, a 28.8% year-over-year (Y-o-Y) increase. Earnings before interest, taxes, depreciation, and amortization, or EBITDA, rose 71.6% year over year from Rs 26.60 crore in Q3FY24 to Rs 45.65 crore.From Rs 41.57 crore in the same quarter of the previous fiscal year to Rs 26.18 crore during the quarter, the parent company's owner's profit after tax (PAT) fell 37.02 percent year over year. The company's total expenses in Q3FY25 dropped 1.2% year over year, from Rs 78.2 crore to Rs 77.26 crore.
Along with the results, the company also revealed that at its meeting today, the Board of Directors authorized the purchase of 10,000 equity shares of Chandi Hospitality Private Limited (CHPL) from its current shareholders, which represents 100% of CHPL's equity share capital. The shares have a face value of Rs 10 each.
In her Budget speech on Saturday, February 1, 2025, Union Finance Minister Nirmala Sitharaman also boosted investor sentiment by outlining a comprehensive plan to work with state governments to develop India's top 50 tourist destinations through a "challenge mode."
The 1986 founded Kamat Hotels (India) (KHIL) operates across India in a range of market niches, from luxury to low-cost. The company has a diverse portfolio of brands, including mid-range ones like Lotus Resorts and IRA by Orchid and high-end ones like The Orchid, Fort JadhavGadh, and Mahodadhi Palace. It expands its footprint primarily through management contracts, revenue-sharing schemes, and lease properties.
Kamat Hotels (India) has a market value of Rs 803.48 crore. The company's stock has returned 14% over the past month and 22.96% over the last six months. However, its share price has decreased by 16% in the past year..
The 52-week range of Kamat Hotels (India) shares on the BSE is Rs 335.85-176.
