This Hospitality Company with Asia’s first chain of eco-friendly 5-star hotels is in focus after it Jumped 6.46 percent following the announcement of a new hotel in Mandavi, Kutch, Gujarat.
Share Price Movement
With a market capitalization of Rs.835 Crore, the stock of Kamat Hotels opened at Rs. 285.65, roughly the same level as yesterday’s close, and after opening it made a high of 303.15 up 6.46 percent. Additionally, the Yearly return for the stock is -10 percent, and the past 5-year return is an impressive 691 percent.
Update from Company
The company has signed a Management Agreement for the management and operation of the Orchid Hotel located in Mandavi, Kutch, Gujrat.
The hotel has 153 rooms/villas with facilities such as a Party Lawn, Banquet halls, Pure Veg Restaurant, Swimming pool, Mini Golf Course, Gym, Spa, Kids play area, Amphitheatre, Pickleball and Outdoor and Indoor Games Arena. The hotel is expected to start its operations by December 2027.
Also read: Paint stock falls after National Stock Exchange decides to remove it from F&O segment
Financial Highlights
The company reported a 28.76 percent YoY increase in revenue from Rs. 86.12 Crore in Q3FY24 to Rs. 110.89 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 29.89 percent in revenue from Rs. 85.37 Crore in the previous quarter.
Their Net profit saw an increase of 37.02 percent YoY from Rs. 41.57 Crore to Rs. 26.18 Crore for the same period. On a QoQ basis, the company reported an impressive increase of 213.90 percent in Net profit from Rs. 8.34 Crore in the previous quarter.
About the Company
Kamat Hotels is a renowned hospitality company in India, established in 1986 by the late Mr. Venkatesh Krishna Kamat. The company is best known for its flagship brand, The Orchid Hotels, which is Asia’s first chain of 5-star, eco-friendly hotels, emphasizing sustainability.
Over the years, KHIL has expanded across India with a diverse portfolio, including Fort JadhavGADH, a heritage hotel near Pune; Lotus Eco Beach Resort, offering beachside retreats in locations like Goa and Konark; and IRA by Orchid Hotels, catering to modern travelers with premium accommodations.
Written By Abhishek Das
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
