Benares Hotels Q4 FY26: Dividend ₹25, AGM July 23

Stock snapshot and key valuation markers

Benares Hotels Ltd (BENARAS) traded at ₹10,199 as of May 27, 2026, and was reported at ₹10,357 as of July 6, 2026. The company’s data note also flags that stock prices can remain volatile through the day based on market conditions. On the income side, the current dividend yield is stated at 0.25. Valuation ratios cited for the stock include a P/E of 30.36 and a P/B of 7.60. These markers provide a quick view of how the market is pricing the company relative to earnings and book value at the time of the update.

Q4FY26 results: modest YoY dip, stronger QoQ rebound

Benares Hotels announced its Q4FY26 results with total income of ₹49.94 crore, compared with ₹50.51 crore in Q4FY25, a 1.13% year-on-year decline. On a quarter-on-quarter basis, total income rose 16.53% from ₹42.66 crore in Q3FY26. Revenue from operations came in at ₹48.60 crore in Q4FY26 versus ₹49.12 crore in Q4FY25, down 1.06% YoY. Compared with ₹41.83 crore in Q3FY26, revenue from operations increased 16.19% QoQ.

Profitability was slightly lower on a YoY basis. Profit before tax (PBT) was ₹20.73 crore in Q4FY26, down 3.53% from ₹21.49 crore in Q4FY25, while rising 9.79% from ₹18.88 crore in Q3FY26. Net profit (PAT) was ₹15.35 crore, compared with ₹16.05 crore in Q4FY25, down 4.41% YoY, and higher than ₹14.23 crore in Q3FY26 by 7.82%. Basic and diluted EPS for the quarter was ₹118.05.

Full-year FY26: revenue up, profit broadly flat

For FY26, total income stood at ₹144.90 crore, up 3.01% from ₹140.67 crore in FY25. Revenue from operations increased 2.71% to ₹139.14 crore from ₹135.47 crore in FY25. PBT for FY26 was ₹58.06 crore, described as nearly flat versus ₹58.11 crore in FY25. PAT for FY26 stood at ₹43.24 crore versus ₹43.25 crore in FY25. Annual basic and diluted EPS was ₹332.61.

The company also reported exceptional items with a net impact of ₹0.13 crore for FY26, linked to the incremental impact of implementing new Labour Codes. In management commentary, Chairman Anant Narain Singh stated that Q4FY26 revenue was about ₹49.9 crore with EBITDA of ₹23.2 crore and an EBITDA margin of 46%, alongside PAT of ₹15.3 crore. For the full year, he cited revenue of about ₹145 crore, an EBITDA margin of 45%, and PAT of ₹43.2 crore.

Quarterly context: Q1 to Q3 FY26 performance points

The company’s quarterly disclosures also include FY26 updates prior to Q4. In Q3FY26, revenue was ₹42.7 crore against ₹40.1 crore in Q3FY25, EBITDA was ₹20.6 crore versus ₹19.9 crore, and PAT was ₹14.2 crore versus ₹13.6 crore. In Q2FY26, revenue was ₹25.5 crore compared with ₹25.8 crore in Q2FY25, EBITDA was ₹9.9 crore versus ₹11.3 crore, and PAT was ₹6.1 crore versus ₹7.2 crore. In Q1FY26, revenue rose to ₹26.8 crore, up 10% from ₹24.4 crore in Q1FY25, with EBITDA at ₹11.8 crore versus ₹10.2 crore and PAT at ₹7.6 crore versus ₹6.4 crore.

Dividend recommendation: ₹25 per share and the record date

For the financial year ended March 31, 2026, the Board recommended a dividend of 250% which is ₹25 per share on 13,00,000 equity shares of face value ₹10 each. The company has set Thursday, July 16, 2026 as the record date to determine eligibility, subject to shareholder approval at the AGM. If approved, dividend payment is scheduled on or after Monday, August 3, 2026, after deduction of applicable taxes.

Separately, the annual report text for FY ended March 31, 2025 also notes a dividend recommendation of ₹25 per share, and states that if approved it would involve a cash outflow of ₹3.25 crore. The company also stated there was no change in share capital during that year.

Board meeting on July 14 and trading window reopening

Benares Hotels has scheduled a Board of Directors meeting for July 14, 2026 to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company also stated that the trading window will reopen 48 hours after the declaration of results, on July 17, 2026. These dates matter for investors tracking near-term disclosures and compliance timelines.

AGM on July 23, 2026: agenda and director appointments

The company issued a notice for its 55th Annual General Meeting scheduled for July 23, 2026 at 3:00 p.m. IST via video conferencing, in line with Ministry of Corporate Affairs circulars. Ordinary business includes adoption of the audited financial statements for FY 2025-26 and declaration of the ₹25 per share dividend. Special business includes appointment of Mr. Rajendra Misra and Mr. Anupam Chaturvedi as directors, with Mr. Chaturvedi also proposed to be appointed as an Independent Director. The notice is stated to be available on the company’s website and forms part of the annual report for FY 2025-26.

Shareholder action points: e-voting and email and bank updates

The notice lists operational deadlines for shareholders. The last date for TDS exemption forms is July 10, 2026, and the company has asked shareholders to update email and bank details by July 10, 2026 for e-voting and dividend payments. The e-voting cut-off date is July 16, 2026, with the e-voting window open from July 19 to July 22, 2026. The company also mentioned remote e-voting through NSDL before and during the AGM.

Key numbers and dates at a glance

Why these disclosures matter for investors

The Q4FY26 print shows a small year-on-year decline in income and profit, while sequential performance improved from Q3FY26. For investors, the mix of a recommended dividend, a fixed record date, and the AGM timeline creates clear checkpoints around eligibility and payout timing. The July 14 board meeting for the June-quarter results is another near-term trigger, with the trading window reopening date explicitly stated as July 17, 2026.

The dividend documentation also includes compliance details around tax deduction and declarations, including forms and certifications for certain categories of shareholders and for non-resident holders. For shareholders, meeting the July 10 deadline for email registration and documentation is operationally important because the company is sending the AGM notice and annual report electronically and facilitating remote voting.

Conclusion

Benares Hotels’ FY26 numbers show modest top-line growth for the year, with full-year profit broadly unchanged, while Q4FY26 was marginally lower YoY but higher QoQ. The next key dates on the calendar are the July 14, 2026 board meeting for the June-quarter unaudited results and the July 23, 2026 AGM where the ₹25 per share dividend will be put to a shareholder vote, with payment scheduled on or after August 3, 2026 if approved.