Omaxe board to consider September-quarter results on 27 October
The meeting will show whether the Q1 profit turnaround held through the half-year, as the company builds out its hotel plans.
Key points
- Omaxe's board meets on 27 October 2026 to consider unaudited standalone and consolidated results for the quarter and half-year ended 30 September 2026.
- In Q1 FY27, the company reported a consolidated net profit of ₹1.30 crore, against a loss of ₹185.77 crore a year earlier.
- Standalone operations posted a net loss of ₹31.88 crore in Q1 FY27.
- A 17 October 2026 MoU with Carnation Hotels covers 10 hotel projects of about 4,000 keys, with an estimated investment of about ₹4,000 crore.
Omaxe Ltd's board will meet on 27 October 2026 to consider unaudited standalone and consolidated results for the quarter and half-year ended 30 September 2026, the company said in an intimation to the stock exchanges. The filing was made on 22 October 2026 and also lists other matters, though the agenda for those was not itemised in the exchange text. A trading window closure notice was filed alongside it, which means insiders cannot deal in the company's shares until the results are declared.
The last quarter and the year before
The September-quarter numbers will be read against the June quarter. For Q1 FY27, the company reported a consolidated net profit of ₹1.30 crore, compared with a loss of ₹185.77 crore in the same quarter a year earlier. Consolidated revenue from operations rose 44% year on year to ₹406.17 crore. The standalone business, however, made a net loss of ₹31.88 crore in the quarter. The board had approved those results on 12 August 2026.
The longer trend is weaker. For FY26, audited for the year to 31 March 2026, consolidated revenue from operations fell to ₹1,253.40 crore from ₹1,560.99 crore. The consolidated net loss after tax widened to ₹696.80 crore from ₹685.40 crore. The standalone net loss narrowed to ₹195.61 crore from ₹217.03 crore. So the June quarter's profit is a single quarter, and the half-year figures will show whether it held.
Ratings and the hotel plan
Two credit rating actions came in October. Infomerics reaffirmed the company's long-term ratings on 6 October 2026, and CARE Ratings reaffirmed its bank facility ratings at BB+/Stable and A4+ on 12 October 2026. Neither action changed the rating level.
On 16 October 2026, the company signed a memorandum of understanding with Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels, to operate 10 hotel projects across India with about 4,000 keys. The estimated investment is about ₹4,000 crore. Mohit Goel, Managing Director of Omaxe, said the arrangement brings established operating expertise to the company's strategy, and that its sale-led development model supports disciplined capital deployment. The MoU is part of a ₹6,200 crore hospitality plan for 19 hotels in five states that the company announced in June 2026. The properties are planned in Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi and Faridabad. Project timelines are expected to range from nine months to five years.
What investors will watch
- Whether the consolidated profit of the June quarter carries into the half-year to 30 September 2026.
- The size of the standalone loss, and whether it narrows from ₹31.88 crore.
- Whether consolidated revenue keeps growing after the 44% rise in Q1 FY27.
- How the hotel MoU and the ₹6,200 crore plan are funded and timed, which the company's results notes and later disclosures should show.
The trading window will stay closed until the results are declared. The outcome of the 27 October meeting will be the first full set of figures for the September period, and the company's filings will be the main source for them.
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