JUNIPER
Juniper Hotels share price & financials
- Price
- ₹195.31
- Market cap
- ₹4.9k Cr
- Sector
- Consumer Services
- Calls analysed
- 6
Juniper Hotels Q4 FY26
What went well
- FY26 Operating Revenue reached ₹1,047.7 crores, marking an 11% year-on-year growth.
- FY26 EBITDA stood at ₹444 crores, a 21% year-on-year growth, with EBITDA margin expanding by 400 basis points to 42%, achieving the stated goal.
- FY26 Profit After Tax (PAT) nearly doubled, growing 99% year-on-year to ₹141.6 crores.
What to watch
- An analyst noted the current share price is approximately half of the IPO price of ₹360.
- Analyst questioned the reduction in room inventory guidance from ~4,000 keys by FY29 to 3,320 keys by FY30, implying a significant reduction and timeline extension.
What Juniper Hotels Limited does
Juniper Hotels Limited develops, owns and operates luxury and upper-upscale hotels, serviced apartments and mixed-use hospitality assets in India, earning revenue from rooms, food & beverage, MICE/banquets, lease rental and serviced apartments. Its properties operate under Hyatt Hotels Corporation brands (Grand Hyatt, Andaz, Hyatt Regency, Hyatt Place) through a long-standing operator partnership, with Hyatt also a promoter shareholder in the company. The portfolio spans key metro and emerging markets including Mumbai, New Delhi, Ahmedabad, Lucknow, Raipur and Hampi, with new assets under development in Bengaluru, Guwahati, Kaziranga and New Delhi (some under a Marriott-brand, Westin, as operator).
Segments
- Luxury
- Upper Upscale
- Hotel assets (existing)
- 8
- Total keys (existing portfolio)
- 2,133
- MICE/banqueting area (existing)
- 2.25 lakh sq. ft.
- Commercial/retail area (existing)
- 1.44 lakh sq. ft.
- Upcoming hotel assets under development
- 4
- Keys under development
- 1,187
Guidance record · Q4 FY26
what the last two calls moved 11 tracked 2 delivered 0 missed 9 open- EBITDA Margin delivered said Q3 FY25 Promised: 42%-43% normative EBITDA levels at the corporate level Q4 FY26: Achieved 42% margin for full year FY26
- Project Commissioning Timeline delayed said Q3 FY25 Promised: Timeline for opening the Bangalore Hotel would be the end of the current calendar year (CY2025) Q4 FY26: Opening delayed to Q2 FY27
- Project Commissioning Timeline on track said Q3 FY25 Promised: The hotel will be operational by 2029 Q4 FY26: Project confirmed to be on track
All 11 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 13.1%, net profit up 266.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 215 | 252 | 278 | 221 | 230 +7% | 295 +17% | 301 +8% | 250 +13% |
| EBITDA | 64 | 93 | 117 | 80 | 83 +30% | 128 +38% | 133 +14% | 86 +8% |
| Net profit | -28 | 32 | 55 | 9 | 17 +161% | 65 +103% | 50 −9% | 33 +267% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −25.1% 1Y
1Y: ₹295.35 on 10 Sept 2025 → ₹221.12. High ₹306.75 (19 Sept 2025), low ₹189.94 (30 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- −0.4%
- 27 May
- Q3 FY26
- +2.5%
- 11 Feb
- Q2 FY26
- −8.1%
- 11 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 13.2% a year over 2 years, FY24 to FY26. Operating margin widened to 40.5%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹817 Cr | ₹945 Cr | ₹1.0k Cr |
| Operating profit | ₹311 Cr | ₹337 Cr | ₹424 Cr |
| Operating margin | 38.1% | 35.7% | 40.5% |
| Interest | ₹265 Cr | ₹108 Cr | ₹96 Cr |
| Depreciation | ₹91 Cr | ₹110 Cr | ₹113 Cr |
| Net profit | ₹24 Cr | ₹71 Cr | ₹141 Cr |
| Net margin | 2.9% | 7.5% | 13.5% |
| Cash from operations | ₹327 Cr | ₹309 Cr | ₹394 Cr |
| Free cash flow | ₹250 Cr | ₹-145 Cr | ₹197 Cr |
| ROCE | 7.0% | 6.0% | 8.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹144 Cr | ₹144 Cr | ₹144 Cr | ₹222 Cr | ₹222 Cr | ₹222 Cr |
| Reserves | ₹400 Cr | ₹213 Cr | ₹211 Cr | ₹2.4k Cr | ₹2.5k Cr | ₹2.6k Cr |
| Borrowings | ₹2.2k Cr | ₹2.5k Cr | ₹2.4k Cr | ₹1.3k Cr | ₹1.4k Cr | ₹1.2k Cr |
| Other liabilities | ₹300 Cr | ₹205 Cr | ₹217 Cr | ₹287 Cr | ₹232 Cr | ₹226 Cr |
| Total liabilities | ₹3.1k Cr | ₹3.1k Cr | ₹3.0k Cr | ₹4.3k Cr | ₹4.4k Cr | ₹4.3k Cr |
| Fixed assets | ₹2.9k Cr | ₹2.8k Cr | ₹2.7k Cr | ₹3.5k Cr | ₹3.6k Cr | ₹3.6k Cr |
| Capital work in progress | ₹0 Cr | ₹44 Cr | ₹49 Cr | ₹54 Cr | ₹283 Cr | ₹344 Cr |
| Investments | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹1 Cr | ₹36 Cr | ₹74 Cr |
| Other assets | ₹146 Cr | ₹191 Cr | ₹226 Cr | ₹751 Cr | ₹456 Cr | ₹287 Cr |
| Total assets | ₹3.1k Cr | ₹3.1k Cr | ₹3.0k Cr | ₹4.3k Cr | ₹4.4k Cr | ₹4.3k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −2.83 pp while the public added +1.46 pp. The shareholder count shrank 3% to 39,921.
- Promoters
- 77.5%
- FIIs
- 4.5%
- DIIs
- 12.2%
- Public
- 5.8%
Since Jun 2025
- FIIs −2.83 pp
- Public +1.46 pp
- DIIs +1.38 pp
How it drifted, 10 quarters
Over this window FIIs fell from 10.7% to 4.5% — −6.3 pp.
Ownership split by quarter, oldest first. Mar '24: Promoters 77.5%, FIIs 10.7%, DIIs 9.3%, Public 2.4%.Jun '24: Promoters 77.5%, FIIs 10.6%, DIIs 9.6%, Public 2.3%.Sep '24: Promoters 77.5%, FIIs 9.9%, DIIs 9.7%, Public 2.9%.Dec '24: Promoters 77.5%, FIIs 9.4%, DIIs 9.7%, Public 3.4%.Mar '25: Promoters 77.5%, FIIs 7.4%, DIIs 10.7%, Public 4.4%.Jun '25: Promoters 77.5%, FIIs 7.3%, DIIs 10.8%, Public 4.4%.Sep '25: Promoters 77.5%, FIIs 7.3%, DIIs 10.8%, Public 4.4%.Dec '25: Promoters 77.5%, FIIs 5.0%, DIIs 12.5%, Public 5.0%.Mar '26: Promoters 77.5%, FIIs 4.5%, DIIs 12.5%, Public 5.5%.Jun '26: Promoters 77.5%, FIIs 4.5%, DIIs 12.2%, Public 5.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Bandhan Infrastructure Fund Mutual fund newly disclosed 1.65% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Juniper Hotels Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Two Seas Holdings Limited | 38.76% | unchanged |
| Saraf Hotels Limited | 34.64% | unchanged |
| Quant Mutual Fund-Quant ELSS Tax Saver Fund Mutual fund | 4.74% | unchanged |
| Juniper Investments Ltd | 4.12% | unchanged |
| Aditya Birla Sun Life Insurance Company Limited Insurer | 2.37% | unchanged |
| Bandhan Infrastructure Fund Mutual fund | 1.65% | newly disclosed |
| ICICI Prudential Life Insurance Company Limited Insurer | 1.61% | unchanged |
| The Prudential Assurance Company Limited Insurer | 1.54% | unchanged |
| M&G Asian Fund Global fund house | 1.04% | unchanged |
| Kotak Equity Savings Fund Mutual fund | 1.01% | −0.36 pp |
| Arun Kumar Saraf | 0.00% | unchanged |
| Damodar Tiwari | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (6)
Read the Q4 FY26 call →Learn to analyse Juniper Hotels Limited
Guides on how to read this kind of business and the numbers that matter.