Gujarat Hotels Q1 Results FY27: PAT at Rs 1.47 Crore as Revenue Rises 17.45%

Gujarat Hotels Q1 results FY27 were announced on Thursday, 9 July 2026, with the Vadodara based hospitality company reporting a standalone net profit (PAT) of around Rs 1.47 crore, up 4.67% from Rs 1.40 crore in Q1 FY26. Revenue in the Gujarat Hotels Q1 results FY27 rose 17.45% year on year to Rs 0.95 crore, while operating profit grew 18.09% to Rs 0.81 crore.

Shares of Gujarat Hotels closed 3.00% higher at Rs 190.55 on the BSE after the numbers were released, touching an intraday high of Rs 194.35. The Gujarat Hotels Q1 results FY27 carry an unusual feature that first time readers should note, since net profit is higher than revenue thanks to the company’s licence fee and other income model.

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Gujarat Hotels Q1 Results FY27 Financial Highlights

The June quarter delivered double digit growth in both revenue and operating profit on a small base, and steady profit growth defines the Gujarat Hotels Q1 results FY27. The table below summarises the standalone numbers against the year ago quarter.

Metric	Q1 FY27	Q1 FY26	YoY Change
Revenue from Operations	Rs 0.95 Cr	Rs 0.81 Cr	+17.45%
Operating Profit	Rs 0.81 Cr	Rs 0.68 Cr	+18.09%
Operating Margin	~85%	~84%	Stable
Net Profit (PAT)	~Rs 1.47 Cr	Rs 1.40 Cr	+4.67%

All figures in the Gujarat Hotels Q1 results FY27 are standalone for the quarter ended 30 June 2026. Operating margins above 84% look extraordinary against regular hotel companies, and the next section explains why they are structural rather than a one off.

Gujarat Hotels Q1 Results FY27 Performance Analysis

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The business model explains everything unusual here. Gujarat Hotels owns a single property, WelcomHotel Vadodara, which is operated by ITC Hotels under an operating licence agreement, so the revenue booked in the Gujarat Hotels Q1 results FY27 is largely licence fee income rather than room and food sales.

That structure keeps costs minimal, which is why operating profit of Rs 0.81 crore in the Gujarat Hotels Q1 results FY27 converts about 85% of revenue. Revenue growth of 17.45% points to better performance at the underlying hotel, since licence fees are typically linked to the property’s business.

PAT of around Rs 1.47 crore in the Gujarat Hotels Q1 results FY27 exceeded total revenue, a rarity in listed companies. The gap is bridged by other income from the company’s investments, which contributed Rs 3.10 crore in the whole of FY26 and continues to supplement earnings this quarter as well. Modest profit growth of 4.67% simply reflects the steady annuity nature of both income streams.

Gujarat Hotels Q1 Results FY27: Key Business Factors

1. Asset Light Licence Fee Model

The operating licence agreement with ITC Hotels turns a hotel property into a stable annuity style income stream. This structure protects margins across demand cycles and anchors the Gujarat Hotels Q1 results FY27 with high visibility across demand cycles.

2. Other Income from Investments

A sizeable investment book generates other income that regularly exceeds core revenue. This cushion allows net profit to stay above revenue and reduces dependence on the hospitality cycle alone.

3. Debt Free Balance Sheet with ITC Group Backing

Gujarat Hotels is almost debt free with promoter holding at 53.7%, and its association with the ITC group lends operational credibility. The clean balance sheet visible behind the Gujarat Hotels Q1 results FY27 supports the consistent dividend record.

Dividend Details

No new dividend, buyback or bonus issue was announced along with the Gujarat Hotels Q1 results FY27. The board had earlier recommended a final dividend of Rs 3 per share for FY26 in April 2026, and the company has maintained a healthy dividend payout of around 20% of profits over recent years.

Gujarat Hotels Q1 Results FY27 Outlook for the Full Year

The June quarter sets a steady base for the year. Hospitality demand in Gujarat remains supported by business travel to Vadodara’s industrial belt, and licence fee income should track occupancy and room rates at the underlying property. Investors reading the Gujarat Hotels Q1 results FY27 should watch quarterly revenue trends, treasury income and any change in the operating agreement with ITC Hotels. Given the tiny base, even small absolute changes can swing reported growth sharply in either direction.

Gujarat Hotels Stock Performance After the Q1 Results

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Gujarat Hotels share price gained 3.00% to close at Rs 190.55 on the BSE on results day, after the Gujarat Hotels Q1 results FY27 hit the exchanges during market hours. The stock traded between Rs 182.25 and Rs 194.35 during the session.

The counter has been volatile over the past year, trading in a 52 week band of roughly Rs 165.50 to Rs 318.90, and the market capitalisation stands near Rs 72 crore. At a trailing price to earnings ratio of around 12, the stock trades at a discount to hotel sector peers, though the Gujarat Hotels Q1 results FY27 also underline why it is valued more like an annuity than an operating hotel business.

Key Risks

Investors going through the fine print of the Gujarat Hotels Q1 results FY27 should also weigh the following risks.

1. Single Property Concentration

The entire business rests on one hotel in Vadodara. Any disruption at the property, or weakness in the city’s business travel demand, directly hits the whole revenue stream.

2. Dependence on the ITC Hotels Agreement

Revenue visibility depends on the operating licence agreement with ITC Hotels. Any renegotiation of terms at renewal could alter the economics captured in the Gujarat Hotels Q1 results FY27.

3. Micro Cap Liquidity and Volatility

With a market value near Rs 72 crore and thin trading volumes, the stock can swing sharply on small orders, and the share price has fallen around a third over the past year despite stable earnings.

Conclusion

Gujarat Hotels Q1 results FY27 show a steady quarter from an unusual business, with revenue up 17.45% to Rs 0.95 crore, operating profit up 18.09% and PAT of around Rs 1.47 crore that once again exceeded revenue. The asset light licence model, debt free balance sheet and 3% stock pop are the takeaways of the Gujarat Hotels Q1 results FY27, against single property and liquidity risks. Investors should treat this as a micro cap special situation and consult a SEBI-registered advisor before acting on the numbers.

Frequently Asked Questions on Gujarat Hotels Q1 Results FY27

When were the Gujarat Hotels Q1 results FY27 announced?

Ans. The Gujarat Hotels Q1 results FY27 were announced on Thursday, 9 July 2026, when the board approved the standalone unaudited financial results for the quarter ended 30 June 2026.

What is the PAT in Gujarat Hotels Q1 results FY27?

Ans. The PAT in Gujarat Hotels Q1 results FY27 stood at around Rs 1.47 crore, up 4.67% from Rs 1.40 crore in Q1 FY26. Notably, net profit was higher than revenue because of the company’s licence fee and other income structure.

What was the revenue in Gujarat Hotels Q1 results FY27?

Ans. Revenue in the Gujarat Hotels Q1 results FY27 rose 17.45% year on year to Rs 0.95 crore from Rs 0.81 crore, driven by higher licence fee income from WelcomHotel Vadodara, which is operated by ITC Hotels.

Why is net profit higher than revenue in Gujarat Hotels Q1 results FY27?

Ans. Gujarat Hotels earns licence fees from ITC Hotels for operating its single property and also books sizeable other income from investments. This other income adds to the small revenue base, which is why the PAT in the Q1 results FY27 exceeds reported revenue.

How did Gujarat Hotels share price react to the Q1 results FY27?

Ans. Gujarat Hotels share price rose 3.00% to Rs 190.55 on the BSE on 9 July 2026, the day the Gujarat Hotels Q1 results FY27 were announced, after touching an intraday high of Rs 194.35.

Did Gujarat Hotels declare a dividend with the Q1 results FY27?

Ans. No new dividend was announced along with the Gujarat Hotels Q1 results FY27. The board had earlier recommended a final dividend of Rs 3 per share for FY26 in April 2026.

Is Gujarat Hotels a good buy after the Q1 results FY27?

Ans. The Gujarat Hotels Q1 results FY27 show steady growth on a very small base, but this is a micro cap stock with single property concentration and low trading liquidity. This article is for educational purposes only. Consult a SEBI-registered advisor before investing.