Saj Hotels Q4 FY26 Results: Revenue and Profit Trends

Q4 FY26 performance at a glance

Saj Hotels Limited reported revenue of ₹4.65 crore for the March 2026 quarter, according to the quarterly results summary provided. Revenue rose 1.09% sequentially from ₹4.60 crore in the December 2025 quarter. However, it was 1.48% lower than the comparable March 2025 quarter. Net profit for Q4 FY26 stood at ₹0.85 crore. This was down 16.67% quarter-on-quarter from ₹1.02 crore and 5.56% lower year-on-year. The figures indicate that operating profit improved sequentially, but the gains did not translate into higher profit before tax or net profit.

Operating profit improved sequentially

Operating profit was ₹1.77 crore in Q4 FY26, compared with ₹1.73 crore in Q3 FY26. The 2.31% sequential increase was also accompanied by a 19.59% year-on-year rise, based on the quarterly summary. This contrasts with the movement in revenue, which remained broadly stable quarter-on-quarter and declined from a year earlier. The data points to an improvement in operating profitability during the quarter. But the reported Q4 profit trend below the operating line was weaker. Investors tracking the company’s results may therefore distinguish between operating performance and final profitability.

PBDT and profit before tax declined

Profit before depreciation and tax, or PBDT, was ₹1.81 crore in Q4 FY26. It declined 12.56% from ₹2.07 crore in the preceding quarter and fell 3.72% from a year earlier. Profit before tax was ₹1.27 crore, down 16.45% sequentially from ₹1.52 crore. It was also 9.29% below the corresponding quarter of FY25. The fall in these measures helps explain why net profit declined despite the increase in operating profit. No detailed explanation for the variation between operating profit, PBDT and profit before tax was included in the supplied data.

Key Q4 FY26 financial figures

Revenue trend across recent quarters

The supplied key-financials table shows quarterly revenue of ₹3.68 crore in June 2025, ₹3.95 crore in September 2025, ₹4.60 crore in December 2025 and ₹4.65 crore in March 2026. This represents a steady rise through the second half of FY26 from the June-quarter level. March 2025 revenue was ₹4.72 crore, slightly higher than the March 2026 reading. Separately, a financial-highlights section lists Q4 FY2025-26 revenue at ₹5.37 crore. Since that number differs from the ₹4.65 crore quarterly results summary, the reported data set contains differing Q4 revenue figures. The quarterly summary has been used for the quarter-on-quarter and year-on-year comparisons stated above because it provides the associated calculations.

Annual sales data shows limited growth

Saj Hotels’ yearly revenue table reported ₹20.22 crore for March 2026, against ₹18.04 crore in March 2025. It also showed revenue of ₹14.55 crore in March 2024, ₹12.82 crore in March 2023, ₹12.88 crore in March 2022 and ₹8.12 crore in March 2021. Another annual consolidated snapshot reported net sales of ₹16.88 crore for FY26 and ₹16.81 crore for FY25, a 0.42% increase. The separate annual figures may reflect differing reporting bases or classifications in the supplied material. The data does not provide sufficient detail to reconcile them. Accordingly, the figures should be read within their respective tables rather than treated as directly interchangeable.

Half-year snapshot signals profit recovery

The consolidated half-year snapshot for March 2026 reported net sales of ₹9.25 crore, up 21.23% from ₹7.63 crore in September 2025. Operating profit excluding other income increased to ₹3.68 crore from ₹1.73 crore, a rise of 112.72%. Consolidated net profit rose to ₹1.87 crore from ₹0.90 crore, up 107.78%. The operating profit margin excluding other income improved to 39.78% from 22.67%. Interest expense, however, increased 16.19% to ₹1.22 crore. The snapshot also recorded exceptional items of negative ₹0.18 crore for the March 2026 half-year, compared with nil in the September 2025 half-year.

Annual profitability and margin measures

For March 2026, a financials table reported revenue of ₹16.88 crore, operating expenses of ₹15.86 crore and net profit of ₹2.88 crore. It listed net profit margin at 17.06%, EBITDA at ₹8.57 crore, earnings per share at ₹1.79 and an effective tax rate of 31.10%. Meanwhile, the annual consolidated snapshot showed operating profit excluding other income at ₹5.42 crore, down 14.78% from ₹6.36 crore in FY25. The same snapshot showed a figure of ₹2.27 crore against ₹0.08 crore, representing growth of 2,737.50%, though the supplied extract does not identify the relevant line item. These variations underline the importance of checking the company’s full audited financial statements and notes.

Market relevance for investors

The Q4 result shows a mixed financial picture. Revenue and operating profit increased sequentially, while PBDT, profit before tax and net profit declined from the December quarter. On an annual basis, the supplied sources indicate either modest sales growth or a higher revenue total depending on the table referenced. The March 2026 annual figures also show pressure on operating profit excluding other income. For market participants, the key reported measures remain revenue progression, operating margins, interest cost and the conversion of operating profit into net profit. Saj Hotels’ quarterly results were listed as upcoming on 27 October 2026 in the supplied information, making the next disclosure relevant for updated performance data.

Conclusion

Saj Hotels closed Q4 FY26 with ₹4.65 crore of revenue and ₹0.85 crore of net profit under the quarterly results summary. Operating profit improved, but lower PBDT and profit before tax resulted in a sequential decline in net profit. The company’s next reported result date was indicated as 27 October 2026, when investors can assess the subsequent quarter’s performance and any clarification in financial disclosures.