Juniper Hotels Ltd

Meeting Details

• Date: August 17, 2026
• Time: 5:00 p.m. to 7:00 p.m. IST
• Type/Mode: Physical group meeting
• Organizer/Event: Analyst & Investor Day 2026

Participants

• Key company participants: not disclosed in filing

Purpose

• Purpose: Analyst & Investor Day for institutional investors and analysts; discussed publicly available information

Business overview

• Owns and operates premium hotels with Hyatt partnership in India.
• Asset-ownership model focused on large-scale luxury properties.
• Existing footprint: 2,133 keys; upcoming 1,208 keys across projects.
• Diversified revenue mix across Rooms, F&B, MICE, and serviced apartments.
• Promoter-led management; Hyatt and Marriott tie-up for Westin Bengaluru.

Operational highlights

• Westin Bengaluru to open Oct 2026 with 238 keys (Phase I).
• Bengaluru Phase II adds 275 keys; Phase I ROCE ~18%, Phase II ~20%.
• New Delhi land parcel of 2.5 acres enables ~550 keys at low upfront cost.
• Kaziranga luxury resort on 4.2 lakh sq ft land; ~106 rooms; FY30 operation.
• Grand Hyatt Mumbai brownfield expansion adds ~317 keys plus serviced apartments.
• Unlocking ~80,000 sq ft of commercial space on GHM land.
• Capex plan: ~₹1,930 Cr across five projects.

Financial performance

• FY26 revenue from operations ₹1,047.7 Cr; total income ₹1,069.1 Cr.
• FY26 EBITDA ₹444.0 Cr; EBITDA margin 42%.
• FY26 PBT ₹192.0 Cr; tax ₹50.3 Cr; PAT ₹141.6 Cr.
• Q1FY27 revenue ₹249.5 Cr; total income ₹252.2 Cr; EBITDA ₹88.9 Cr; PAT ₹33.3 Cr.
• Balance sheet: total assets ₹4,292 Cr; total equity ₹2,868 Cr; bank borrowings ₹739 Cr; cash ₹19 Cr.

Capital structure & liquidity

• AA- stable credit rating.
• ECB debt repaid ₹267 Cr in FY26.
• CWIP monetisation: Bengaluru capitalisation in FY27.

Strategic priorities & outlook

• Aim to double room inventory and EBITDA by FY31.
• 2x EBITDA by FY31; capex ~₹1,930 Cr for expansions.
• Capex spread across Bengaluru Phase II, Kaziranga, Guwahati, Delhi DDA, and GHM tower.
• Pursue value-adding acquisitions to accelerate growth; expand in Bengaluru, Delhi, Guwahati.

Governance & leadership

• Chairman and MD: Arun Kumar Saraf; Independent Directors: Pallavi Shardul Shroff, Sunil Mehta, Rajiv Kaul.
• Namita Saraf, Non-Executive Director; Varun Saraf (CEO); P.J. Mammen (COO); Sandeep L. Joshi (CS).
• Hyatt and Marriott partnerships anchored by Westin Bengaluru; Grand Hyatt branding for Guwahati and New Delhi.

Development highlights

• Plans to invest about INR 850 crore for a 550-key Delhi luxury hotel.
• Licence deed signed with Delhi Development Authority via Juniper Hospitality Assets Private Limited.
• Delhi portfolio to reach approximately 1,000 keys on completion around 2030.
• Opening Westin Bengaluru with 235 rooms in October 2026.
• Portfolio to total 12 hotels after the Delhi project.
• Current seven operating hotels total 1,895 keys, including 245 serviced apartments.
• Five greenfield projects are under various stages of development.
• Target to double room inventory by FY2030-31.
• Target to double EBITDA by FY2030-31.
• Delhi site overlooks the DDA Dwarka Golf Course, near Yashobhoomi.

Q1 FY27 highlights

• Board approved unaudited standalone and consolidated results for the quarter ended June 30, 2026.
• Total income stood at ₹252 Cr, up 11% YoY.
• EBITDA (including other income) was ₹88.9 Cr, up 3% YoY.
• EBITDA margin was 35% in Q1 FY27.
• Profit before tax was ₹44.8 Cr.
• Profit after tax was ₹33.3 Cr, up 270% YoY.
• Consolidated ARR stood at ₹11,062.
• Consolidated occupancy at 76%.
• Consolidated RevPAR was ₹8,408.
• RGI improved to 96.6 from 92.2.
• Development rights secured for a 5-star hotel in Dwarka, Delhi.

Financial results approved

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Limited Review Report issued by SRBC & CO LLP.

Acquisition activity

• On 04 June 2026, SPA executed for 100% stake in JHAPL for Rs 1.00 lakh.
• JHAPL formed as SPV for Delhi hotel project per LOA dated March 2, 2026.

Auditor/regulatory disclosures

• Independent auditor reviews concluded no material misstatement in results.

Parties

• Juniper Hospitality Assets Private Limited (JHAPL) and Delhi Development Authority (DDA).

Purpose

• License to develop a 5-star hotel on 2.524-acre land parcel in Sector 23, Dwarka, Delhi.

Key terms

• ALF waived for first 42 months of construction.
• 4th year ALF ₹16.11 crore, payable quarterly.
• ALF increases 5% annually from year 4 to 13.
• ALF increases 7% annually from year 14 to 55.

Related party status

• Not a related party transaction; JHAPL is a Juniper Hotels Limited subsidiary.

Impact

• Long-term hotel project; affects cash flows through escalating ALF.
• License term extends through at least 55 years.
• First 42 months incur no annual license fee.

Other disclosures

• License Deed with DDA executed on August 12, 2026.
• Details available on Juniper Hotels' website.

Meeting Details

• Date: August 17, 2026; Time: not disclosed.
• Group meeting with institutional investors/analysts; Physical - Mumbai.
• Event: Analyst & Investor Day 2026.
• Key company participant: Company Secretary and Compliance Officer to attend.
• Purpose: investor interaction with institutional investors/analysts.
• Availability: information will be posted on the company website.

Meeting Details

• Board meeting on August 13, 2026; time and venue not disclosed.

Key Agenda Items

• Approve un-audited standalone and consolidated financial results for the quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 01, 2026, until 48 hours after the quarter-ending June 30, 2026 results declaration.