Mumbai, Nov. 8 -- Revenue from operations declined 12.02% to Rs 75.13 crore in Q2 FY26 over Rs 85.38 crore in Q2 FY25.

Profit before tax (PBT) stood negative at Rs 0.54 crore in Q2 FY26 as against a profit of Rs 11.71 crore in Q2 FY25, impacted by lower revenue and higher expenses.

Total expenses increased 6.07% YoY to Rs 79.97 crore during the quarter. Employee benefits expense rose 13.12% to Rs 22.26 crore, finance cost fell 22.16% to Rs 5.97 crore, and other expenses rose 4.80% YoY to Rs 32.36 crore during the period under review.

Kamat Hotels (India) operates a diverse portfolio of luxury and mid-premium hotels across India. Their brands include the "Orchid" chain, along with Fort JadhavGadh, Mahodadhi Palace, Lotus Resorts, and IR...