Advani Hotels swings to loss as revenue falls and expenses rise
Standalone operating margin dropped 31.50 percentage points QoQ to -23.66%, while revenue fell -19.89% and expenses increased +7.54%.
Filed 12 Nov 2026, 19:13 IST · after market close · Advani Hotels & Resorts (India) Ltd (ADVANIHOTR)
Key takeaways
- Standalone operating profit fell to a Rs 3.98 cr loss as revenue declined -19.89% QoQ while expenses rose +7.54%.
- Operating margin narrowed 31.50 percentage points QoQ to -23.66%, leaving the company below the Consumer Discretionary peer median of 11.23%.
- Standalone net loss was Rs 3.57 cr despite a Rs 0.61 cr tax credit, reversing the Rs 1.39 cr profit reported in Q1FY27.
Price around the results
Revenue contraction erased Q1 operating profit
Advani Hotels reported standalone revenue of Rs 16.84 cr in Q2FY27, down -19.89% QoQ, while expenses rose +7.54% to Rs 20.83 cr. The mismatch turned operating profit from Rs 1.65 cr in Q1FY27 into a Rs 3.98 cr loss. The company filed the results after market close on 12 Nov 2026.
Margin fell 31.50 percentage points as costs outpaced revenue
Operating margin narrowed 31.50 percentage points to -23.66% because expenses grew while revenue contracted. Other income fell -35.92% QoQ to Rs 0.66 cr and represented -15.79% of pre-tax profit, so it did not offset the operating loss. A lower tax rate, down 10.01 percentage points to 14.60%, reflected a Rs 0.61 cr tax credit but did not prevent a Rs 3.57 cr net loss.
Q2 was below the reported Consumer Discretionary peer median
The company's -23.66% operating margin was 34.89 percentage points below the 11.23% median for 329 Consumer Discretionary peers that had reported the same quarter. Q2 also reversed the prior quarter's profitability, with net profit moving from Rs 1.39 cr in Q1FY27 to a Rs 3.57 cr loss. With only Q1FY27 and Q2FY27 shown, the available trend indicates a sharp sequential deterioration rather than a longer multi-quarter pattern.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹17 cr | ₹21 cr | -19.89% |
| Other income | ₹1 cr | ₹1 cr | -35.92% |
| Expenses | ₹21 cr | ₹19 cr | +7.54% |
| Operating profit | ₹-4 cr | ₹2 cr | — |
| Operating margin (%) | -23.66% | 7.84% | — |
| Interest | ₹0 cr | ₹0 cr | +0.00% |
| Depreciation | ₹1 cr | ₹1 cr | +2.50% |
| Profit before tax | ₹-4 cr | ₹2 cr | — |
| Tax | ₹-1 cr | ₹0 cr | — |
| Net profit | ₹-4 cr | ₹1 cr | — |
| EPS (₹) | ₹-0.39 | ₹0.15 | — |
Operating margin of -23.66% compares with a Consumer Discretionary sector median of 11.23% across 329 peers that have reported Q2FY27.
What to watch
- Whether revenue moves up from Rs 16.84 cr after the -19.89% QoQ decline.
- Whether operating margin returns above -23.66% after the 31.50-percentage-point sequential fall.
- Whether expenses fall from Rs 20.83 cr after rising +7.54% QoQ.