Brigade Hotel Ventures Ltd

Brigade Hotel Ventures Limited reported no deviation or variation in the utilization of funds raised through its Pre-IPO Placement of Rs 126 crore and Initial Public Offer of Rs 759.60 crore for the quarter ended June 30, 2026, according to a regulatory filing. The company noted that during the quarter, Rs 0.28 crore was utilized towards payment of tax deducted at source on issue expenses and Rs 0.21 crore was used for issue-related expenses, with both payments routed through the company’s overdraft account, resulting in the co-mingling of funds.

A monitoring agency report for CARE Ratings Ltd. indicates that Rs 662.77 crore of the Rs 759.60 crore raised through a public offering has been utilized as of July 30, 2026, leaving Rs 96.62 crore unutilized. Funds were primarily allocated to repaying debt, purchasing land, and pursuing inorganic growth, with ongoing plans to spend Rs 20 crore in Fiscal 2026 and Rs 110.86 crore in Fiscal 2027 for general corporate purposes. The majority of the unutilized proceeds, totaling Rs 99.06 crore, are held in fixed deposits with Axis Bank and Kotak Mahindra Bank, generating Rs 2.44 crore in interest income. While there were no delays in debt repayment or land acquisition, the report notes that no funds have yet been deployed for general corporate purposes, as initially outlined in the offer document.

Brigade Hotel Ventures Limited (BHVL) reported a consolidated profit after tax of Rs 17 crore for the quarter ended June 30, 2026, a 140% increase compared to Rs 7 crore in the same quarter of the previous year, according to a press release issued on August 5, 2026. The company's total revenue for Q1 FY27 stood at Rs 131 crore, up 5% year-over-year, while operating EBITDA rose 9% to Rs 46 crore. BHVL is a subsidiary of Brigade Enterprises Limited and owns and develops hotels primarily in South India, with a portfolio of nine hotels comprising 1,604 keys.

Brigade Hotel Ventures Limited, a Bengaluru-based hospitality company that recently completed an Initial Public Offering on July 31, 2025, reported a basic and diluted earnings per share of 0.38 for the quarter ended June 30, 2026. The company, which raised Rs. 75,960 lakhs through its IPO and an additional Rs. 12,600 lakhs via a preferential allotment, currently holds Rs. 21,925 lakhs in temporarily invested proceeds. Brigade Hotel Ventures is currently embroiled in a property tax dispute totaling Rs. 2,874 lakhs, having already paid Rs. 4,603 lakhs under protest, and is litigating the matter with confidence in a favorable outcome. Additionally, the company reversed a Rs. 3,000 lakhs impairment loss on a subsidiary, SRP Prosperita Hotel Ventures Limited, and complied with a December 2025 income tax survey.

Brigade Hotel Ventures Limited will hold a board meeting on August 5, 2026, to approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026, according to a regulatory filing. The trading window for designated persons will be closed from July 1, 2026, to August 8, 2026, and a conference call to discuss the company’s financial and operational performance is scheduled for August 6, 2026, at 2:30 PM IST.

Brigade Hotel Ventures Limited will hold a board meeting on August 5, 2026, to approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026, according to a regulatory filing. The trading window for designated persons will be closed from July 1, 2026, to August 8, 2026, and the company will host a conference call on August 6, 2026, at 2:30 PM IST to discuss its financial and operational performance.

Brigade Hotel Ventures announced that the 10th Annual General Meeting(AGM) of the company will be held on 5 August 2026.

Brigade Hotel Ventures and Marriott International have opened the 218-room Courtyard by Marriott Kochi Infopark, upgrading and rebranding the existing Four Points by Sheraton Kochi Infopark property in Kerala's key IT corridor. Located in Kakkanad adjoining Infopark Kochi, the hotel is aimed at business, MICE and leisure travellers visiting commercial hubs such as Infopark and SmartCity. The property is around 45 minutes from Cochin International Airport. The hotel features 218 rooms and suites equipped with workspaces, smart TVs and high-speed WiFi. It also offers more than 8,000 square feet of meeting and event space across four venues, along with four dining outlets, a rooftop infinity pool, fitness centre and spa. Nirupa Shankar, managing director of Brigade Hotel Ventures, said the transition to the Courtyard by Marriott brand reflects the company's strategy of upgrading hospitality assets in strong business locations to align with changing customer preferences. Kiran Andicot, senior vice president, South Asia, Marriott International, said the opening strengthens Marriott's presence in high-growth business corridors and caters to travellers seeking efficient and comfortable stay experiences. The hotel will participate in Marriott Bonvoy, the global travel programme of Marriott International. Brigade Hotel Ventures currently operates nine hotels with 1,604 keys across Bengaluru, Chennai, Kochi, Mysuru and GIFT City through partnerships with global hospitality brands including Marriott, Accor and InterContinental Hotels Group. On a consolidated basis, net profit of Brigade Hotel Ventures soared 102.47% to Rs 22.98 crore while net sales rose 1.70% to Rs 136.39 crore in Q4 March 2026 over Q4 March 2025. Shares of Brigade Hotel Ventures fell 1.94% to Rs 64.79 on 7 May 2026. Powered by Capital Market - Live

Brigade Hotel Ventures (BHVL) and Marriott today announced the opening of Courtyard by Marriott Kochi Infopark, an upgraded and rebranded hotel formerly operating as Four Points by Sheraton Kochi Infopark. Located in Kakkanad, adjoining Infopark Kochi in the IT corridor, the hotel represents a strategic asset upgrade by BHVL in one of the city's strongest business districts. Courtyard by Marriott Kochi Infopark features 218 rooms and suites with flexible workspaces, smart TVs and high-speed WiFi, and is located in Kakkanad, adjoining Infopark Kochi in the IT corridor, around 45 minutes from Cochin International Airport. The hotel offers over 8,000 sq. ft. of meeting and event space across four venues, four dining options including Clove, All Spice, Caper and a lobby-level Deli, and recreational facilities such as a rooftop infinity pool, 24/7 fitness centre and spa, with Fort Kochi, the Dutch Palace and Thrikkakara Temple among nearby attractions.

Net profit of Brigade Hotel Ventures rose 102.47% to Rs 22.98 crore in the quarter ended March 2026 as against Rs 11.35 crore during the previous quarter ended March 2025. Sales rose 1.70% to Rs 136.39 crore in the quarter ended March 2026 as against Rs 134.11 crore during the previous quarter ended March 2025. For the full year,net profit rose 189.69% to Rs 58.46 crore in the year ended March 2026 as against Rs 20.18 crore during the previous year ended March 2025. Sales rose 12.13% to Rs 525.03 crore in the year ended March 2026 as against Rs 468.25 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales136.39134.11 2 525.03468.25 12 OPM %35.5837.51 -33.1235.12 - PBDT48.0232.31 49 140.7894.31 49 PBT33.8018.01 88 86.3944.51 94 NP22.9811.35 102 58.4620.18 190 Powered by Capital Market - Live