Juniper Hotels' Q2 profit more than doubles to Rs 37.17 crore

Juniper Hotels Limited reported consolidated profit of Rs 37.17 crore for the quarter ended September 30, 2026, more than double Rs 16.81 crore a year earlier, as finance costs fell to Rs 15.26 crore and the quarter had no exceptional expense. Revenue from operations rose 8% to Rs 249.53 crore.

What did Juniper Hotels report for the September quarter?

Juniper Hotels reported profit after tax of Rs 37.17 crore for the quarter ended September 30, 2026, compared with Rs 16.81 crore in the quarter ended September 30, 2025 and Rs 33.26 crore in the preceding June 2026 quarter. Profit before tax rose to Rs 49.40 crore from Rs 23.73 crore a year earlier, while basic and diluted earnings per share increased to Rs 1.67 from Rs 0.76.

Revenue from operations reached Rs 249.53 crore, compared with Rs 230.32 crore in the September 2025 quarter. Other income increased to Rs 8.57 crore from Rs 4.70 crore, taking total income to Rs 258.10 crore, versus Rs 235.02 crore. Total expenses were broadly unchanged at Rs 208.70 crore, compared with Rs 207.50 crore, leaving a wider pre-exceptional profit of Rs 49.40 crore against Rs 27.52 crore.

Why did Juniper Hotels' profit increase faster than revenue?

Juniper Hotels' profit increased faster than its revenue because finance costs fell by Rs 15.02 crore year on year and the September 2026 quarter did not include an exceptional charge. Finance costs were Rs 15.26 crore, down from Rs 30.28 crore in September 2025 and also below Rs 17.97 crore in the June 2026 quarter. That reduction accounted for much of the Rs 21.88 crore increase in profit before exceptional items and tax.

The comparison also benefited from the absence of a Rs 3.79 crore litigation-settlement exceptional expense recorded in the September 2025 quarter. Consequently, reported profit before tax was Rs 49.40 crore in September 2026, while the year-earlier figure was reduced from Rs 27.52 crore before exceptional items to Rs 23.73 crore after them. Deferred-tax expense rose to Rs 12.22 crore from Rs 6.92 crore, but the increase was smaller than the expansion in pre-tax profit.

Which costs changed during the September 2026 quarter?

Juniper Hotels' operating costs rose in several categories, but the saving in finance costs outweighed those increases in the quarter ended September 30, 2026. Food and beverage consumption was Rs 19.51 crore, compared with Rs 18.43 crore a year earlier. Employee-benefit expense rose to Rs 49.78 crore from Rs 47.40 crore, and other expenses increased to Rs 97.45 crore from Rs 81.88 crore.

Depreciation and amortisation declined to Rs 26.70 crore from Rs 29.53 crore in the September 2025 quarter. Total expenses nevertheless edged up to Rs 208.70 crore from Rs 207.50 crore because the Rs 15.57 crore increase in other expenses and the higher food and employee costs exceeded the reduction in depreciation. Compared with June 2026, total expenses rose from Rs 207.37 crore, whereas total income increased from Rs 252.20 crore.

How did Juniper Hotels perform in the first half of 2026-27?

Juniper Hotels generated first-half profit after tax of Rs 70.43 crore for the six months ended September 30, 2026, compared with Rs 25.81 crore in the corresponding six months of 2025. Revenue from operations increased to Rs 499.06 crore from Rs 451.06 crore, and total income rose to Rs 510.30 crore from Rs 462.27 crore. Profit before tax reached Rs 94.24 crore, against Rs 41.59 crore a year earlier.

The first-half comparison includes Rs 20.93 crore of exceptional expenses in the prior-year period but none in the six months ended September 30, 2026. Finance costs declined to Rs 33.23 crore from Rs 52.69 crore, while depreciation and amortisation fell to Rs 52.81 crore from Rs 58.47 crore. These reductions came despite higher employee-benefit expense of Rs 99.64 crore, versus Rs 91.37 crore, and other expenses of Rs 191.79 crore, versus Rs 161.40 crore.

What changed in Juniper Hotels' financial position and development activity?

Juniper Hotels' total borrowings decreased to Rs 702.97 crore at September 30, 2026 from Rs 738.72 crore at March 31, 2026, while it acquired a special purpose vehicle for a five-star hotel project in Dwarka. Non-current borrowings declined to Rs 624.07 crore from Rs 663.69 crore, while current borrowings increased to Rs 78.91 crore from Rs 75.03 crore. Cash and cash equivalents rose to Rs 33.63 crore from Rs 10.86 crore over the same period.

Capital work-in-progress increased to Rs 455.93 crore at September 30, 2026 from Rs 344.46 crore at March 31, 2026. During the six months, purchases of property, plant and equipment, including capital advances and capital work-in-progress, were Rs 152.18 crore, compared with Rs 75.15 crore a year earlier. Investing activities used Rs 102.61 crore, while financing activities used Rs 68.81 crore, including Rs 33.65 crore of long-term borrowing repayments.

Juniper Hotels acquired 100% of Juniper Hospitality Assets Private Limited on June 4, 2026 for Rs 1 lakh. The acquired entity is a special purpose vehicle formed following a March 2, 2026 letter of award from the Delhi Development Authority to develop a five-star hotel project on a land parcel in Sector 23, Dwarka, New Delhi.

The filing also retains an unresolved matter from the Bangalore property fire of April 20, 2025. The group recognised a Rs 22.14 crore loss relating to the under-construction property, furniture, fixtures and other assets, and received Rs 12 crore of interim insurance proceeds. It recorded a net Rs 10.14 crore exceptional loss for the year ended March 31, 2026, with any further impact to be recognised when the insurance claim is finalised.

Conclusion

Juniper Hotels' September-quarter results show that an Rs 19.21 crore year-on-year increase in revenue from operations was accompanied by a Rs 20.36 crore increase in reported profit after tax. Lower finance costs, down by Rs 15.02 crore, and no exceptional expense in the quarter were the principal reported drivers of the larger profit increase.

The next disclosures to watch are the development of the five-star Dwarka project through the special purpose vehicle acquired for Rs 1 lakh in June 2026, and finalisation of the Bangalore fire insurance claim. Capital work-in-progress stood at Rs 455.93 crore at September 30, 2026, while Juniper Hotels had spent Rs 152.18 crore on property and project-related additions during the first half.