Brigade Hotel Ventures Q2 Profit Doubles to ₹22 Crore

Brigade Hotel Ventures Limited reported profit after tax of ₹22 crore in Q2 FY27, up 105% year-on-year from ₹11 crore. The improvement was supported by 10% growth in total income to ₹142 crore and lower finance costs after debt repayment using IPO proceeds.

What did Brigade Hotel Ventures report in Q2 FY27?

Brigade Hotel Ventures reported consolidated total income of ₹142 crore for Q2 FY27, a 10% increase from the corresponding quarter a year earlier. Room revenue rose 10% to ₹87 crore, while food and beverage revenue also increased 10% to ₹46 crore.

The company's consolidated EBITDA rose to ₹52 crore from ₹41 crore in Q2 FY26. This resulted in an EBITDA margin of 36.7% for the quarter. Profit after tax more than doubled to ₹22 crore from ₹11 crore, representing 105% year-on-year growth.

For the first half of FY27, Brigade Hotel Ventures reported total income of ₹273 crore, up 7% year-on-year. The quarterly update was presented by Chief Financial Officer Ananda Natarajan during the company's earnings call held on October 27, 2026.

How did lower finance costs lift quarterly profit?

Lower finance costs lifted Brigade Hotel Ventures' quarterly profit by reducing a key expense below the operating-profit line. Finance cost declined to ₹9.7 crore in Q2 FY27 from ₹13.5 crore in Q2 FY26, a reduction of ₹3.8 crore.

Management linked the decline to debt repayment made from IPO proceeds. The lower interest burden came alongside EBITDA growth, allowing the company to convert a larger part of its operating earnings into profit after tax.

The result illustrates the significance of the company's capital structure in the quarter. While total income expanded by 10%, profit after tax grew at a much faster 105%, reflecting both higher operating earnings and the reduced finance cost.

What were the key operating trends in the quarter?

Brigade Hotel Ventures reported an average room rate, or ARR, of ₹7,876 in Q2 FY27, up 11% year-on-year. Occupancy stood at 75.2% for the quarter, indicating that the increase in room revenue was supported by higher room pricing.

The company said revenue per available room, or RevPAR, rose 10% in Q2 FY27. For the first half of FY27, RevPAR growth was 9%, according to Managing Director Nirupa Shankar during the earnings discussion.

The operating data provides context for the 10% rise in room revenue. Room revenue was the largest disclosed revenue stream at ₹87 crore, compared with ₹46 crore from food and beverage operations. The disclosed figures do not provide a prior-year occupancy rate or a detailed portfolio-level property breakdown.

What affected Brigade Hotel Ventures' EBITDA margin?

Brigade Hotel Ventures recorded an EBITDA margin of 36.7% in Q2 FY27, while management said GST 2.0 affected the margin by 1.4%. This was the identified margin headwind in the company's quarterly financial commentary.

Despite this stated impact, EBITDA increased to ₹52 crore from ₹41 crore a year earlier. The company therefore delivered higher operating profit alongside revenue growth in its rooms and food and beverage businesses.

For investors, the margin disclosure separates the effect of the GST change from the company's reported underlying quarterly performance. The earnings call did not quantify the effect of GST 2.0 on revenue, net profit or individual hotel operations.

What is Brigade Hotel Ventures expecting for the second half?

Brigade Hotel Ventures said it expects growth to improve into the mid-teens range in the second half of FY27, according to comments by Managing Director Nirupa Shankar. She linked this outlook to the company's double-digit revenue and EBITDA growth targets but did not provide a specific forecast.

The company entered the second half after reporting first-half total income of ₹273 crore, up 7% year-on-year. Q2 total income growth of 10% was higher than the first-half growth rate, while Q2 RevPAR growth was 10% compared with 9% for the first half.

The supplied market data also showed BRIA down 0.21%, although it did not provide the date, closing price or trading context for that movement. The financial results themselves show that the quarter's profit growth was influenced materially by lower finance costs following the IPO-funded debt repayment.

Conclusion

Brigade Hotel Ventures delivered a stronger Q2 FY27, with total income rising 10% to ₹142 crore, EBITDA increasing to ₹52 crore and profit after tax reaching ₹22 crore. Higher room rates and lower finance costs were central to the reported improvement, while GST 2.0 created a stated 1.4% impact on EBITDA margin.

The next point to watch is whether the company achieves management's expectation of mid-teens growth in the second half of FY27. Investors will also track room-rate trends, occupancy and the continuing effect of lower debt-related costs on profitability.