Sayaji Hotels (Indore) Q1: Revenue ₹26.5 cr, profit ₹1.58 cr
A routine first quarter for the nano-cap hotel operator, with no surprises in financials or board appointments.
— 4 earlier stories on Sayaji Hotels (Indore) Ltd. →What's new
- Q1 revenue ₹26.52 cr, net profit ₹1.58 cr.
- Board appoints Mohammed Yusuf Abdul Razak Dhanani as additional non-executive director.
- DMJ & Partners appointed secretarial auditor; annual report and AGM notice approved.
Why this matters
For a nano-cap hotel company nursing a trailing PAT decline of 96%, a quarter with a net profit of ₹1.58 cr is a positive, but in line with seasonal expectations. Recent promoter exits add a governance overhang, but this filing changes nothing material.
What we're watching
- Whether the unresolved lease litigation progresses.
- Any further promoter stake movements following recent exits.
- Future quarterly revenue trends against the Mar 2026 ₹30 cr baseline.
The full read
Sayaji Hotels (Indore) reported a steady first quarter. Revenue of ₹26.52 crore and net profit of ₹1.58 crore match seasonal expectations for a nano-cap hotel operator with a market cap of ₹360 crore. The board added Mohammed Yusuf Abdul Razak Dhanani as a non-executive director and named DMJ & Partners as secretarial auditor, both routine administrative moves. The limited review flagged a pre-existing lease litigation, but that is already known. Recent promoter exits, with Kayum and Zoya Dhanani selling their entire stakes, put governance in focus, but this filing itself is uneventful. For a stock trading at 44.9 times trailing earnings, the quarter does not justify a re-rating nor does it threaten one.
Questions answered
- How does Q1 revenue compare to the previous quarter?
- Q1 revenue of ₹26.52 cr is lower than the March 2026 quarter's ₹30 cr, but it is in line with seasonal expectations for the hospitality industry.
- What is the net profit trend?
- Trailing PAT was down 96%, but Q1 net profit of ₹1.58 cr is positive. However, one quarter does not establish a trend.
- Who is the new director?
- Mohammed Yusuf Abdul Razak Dhanani has been appointed as an additional non-executive, non-independent director.
- What is the lease litigation mentioned?
- The limited review report flagged a pre-existing lease litigation that remains unresolved. The analyst says it was already known to the market.
- Why does the AGM notice matter?
- It is a routine procedural step. The filing does not mention any special resolutions.
Sayaji Hotels (Indore) Ltd.
Latest quarter · Mar 2026
Strength & growth
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All notes on SHILINDORE →- 28 Jul 2026 · 3:37 PM IST Sayaji Hotels (Indore) Q1: Revenue ₹26.5 cr, profit ₹1.58 cr
- 27d ago Sayaji Hotels promoter Kayum Dhanani sells entire 1.41% stake, exits completely
- 46d ago Sayaji Hotels promoter snaps up 4.9% as two other promoters exit
- 46d ago Sayaji Hotels (Indore) promoter exits completely, sells entire 4.16% stake
- 56d ago Sayaji Hotels' rated debt jumps 41% to ₹176 cr. Rating stays at BBB.