RAS Resorts Profit Drops to ₹5.77 Crore in Q1 FY26

May 16, 2026 3 mins read Firehose Gupta

RAS RESORTS & APART HOTELS LTD. — Quarter and year ended 31 March 2026

Sr.	Particulars	31.03.2026 (Audited)	31.12.2025 (Unaudited)	31.03.2025 (Audited)	31.03.2026 (Audited)	31.03.2025 (Audited)
I	Income
	1) Revenue from operation	389.65	375.31	335.06	1,299.77	1,297.36
	2) Other Operating Income	4.51	3.46	9.47	15.15	25.35
	Total Revenue	394.16	378.77	344.53	1,314.92	1,322.71
II	Expenses:
	1) Cost of material consumed	3.20	10.10	1.36	18.61	22.86
	2) Employee benefit expenses	27.57	21.50	30.20	93.98	106.80
	3) Fuel / Power/Light	14.88	14.44	15.59	60.96	66.79
	4) Repairs, Maintenance & Renovation	5.77	2.81	21.93	14.61	33.57
	5) Finance cost	8.92	7.48	11.15	32.97	50.26
	6) Depreciation & Amortisation Expenses	12.23	12.41	13.37	50.90	54.35
	7) Management & catering Service	245.53	238.33	219.63	810.59	815.24
	8) Other Expenditure	64.59	32.28	28.06	160.26	126.58
	Total Expenses	382.69	339.35	341.29	1,242.88	1,276.45
III	Profit/(Loss) before Tax	11.47	39.42	3.24	72.04	46.26
	Less: Tax expense
	– Current Tax	–	–	–	–	–
	– Deferred Tax	5.67	9.68	1.90	19.60	13.28
	– Earlier Years Tax	0.03	–	0.24	0.03	0.24
V	Net Profit/(Loss) for the Period after Tax	5.77	29.74	1.10	52.41	32.74
	Other Comprehensive Income (Net of Tax)	0.42	3.94	(104.92)	5.16	(69.69)
VI	Total Comprehensive Income After Tax	6.19	33.68	(103.82)	57.57	(36.95)
VII	Paid up Equity Share Capital of Rs.10/- each	396.97	396.97	396.97	396.97	396.97
VIII	Basic & Diluted Earning Per Share
	(Face Value of Rs. 10/- each)	0.15	0.75	0.03	1.32	0.82

	As at 31.03.2026	As at 31.03.2025
(A) CASH FLOW FROM OPERATING ACTIVITIES:
Profit/(Loss) Before tax	72.04	46.26
Adjustments for :
Depreciation	50.90	54.35
Re-measurement gains / (losses) on defined benefit plans	6.89	2.15
Interest Expense	18.60	34.88
Sundry Balance w/off/back (Net)	0.95	(1.39)
Loss on PPE Written Off	9.46	–
Interest Income	(0.18)	(0.13)
Total Adjustments	86.62	89.86
Operating profit before working capital changes	158.66	136.12
Adjustments for :
Increase /(Decrease) of Financial Liabilities	30.26	(32.07)
Increase /(Decrease) of Non-Financial Liabilities	(42.22)	19.38
Decrease / (Increase) of Financial Assets	39.99	0.69
Decrease / (Increase) of Non-Financial Assets	(0.59)	1.60
Decrease / (Increase) of Trade Receivables	(0.51)	17.75
Decrease / (Increase) of Trade Payables	(31.30)	(31.34)
Cash Generated from Operations	154.29	112.13
Income Tax Paid	(15.25)	16.03
Net cash from Operating Activities	139.04	128.16

	As at 31.03.2026	As at 31.03.2025
(B) CASH FLOW FROM INVESTING ACTIVITIES:
Purchases of fixed assets	(2.90)	(1.56)
Fixed Deposit Maturity Proceeds/(Investment in Fixed Deposit)	(0.18)	12.47
Interest received	0.18	0.13
Net cash used in Investing activities	(2.90)	11.04

	As at 31.03.2026	As at 31.03.2025
(C) CASH FLOW FROM FINANCING ACTIVITIES:
Net Borrowing	(213.91)	(16.91)
Interest Paid on borrowings	(18.60)	(34.90)
Dividend Paid to IEPF Authority	–	–
Net cash from Financing Activities	(232.51)	(51.81)

Description	As at 31.03.2026	As at 31.03.2025
NET INCREASE / (DECREASE) IN CASH & CASH EQUIVALENTS (A+B+C)	(96.37)	87.39
CASH & CASH EQUIVALENTS AS AT THE BEGINNING OF THE PERIOD	159.36	71.97
CASH & CASH EQUIVALENTS AT END OF THE PERIOD	62.99	159.36

Sr.	Items	Quarter Ended	Year Ended
		31.03.2026 (Audited)	31.12.2025 (Unaudited)
1	Segment Revenue
	Hoteliering	394.16	378.77
	Real Estate	–	–
	Net Income	394.16	378.77
2	Segment Results (Profit before tax, interest and unallocable overheads)
	Hoteliering	20.39	46.90
	Real Estate	–	–
	Total	20.39	46.90
	Less
	Interest (Net)	8.92	7.48
	Unallocable Overheads	–	–
	Total Profit before tax	11.47	39.42
	Less
	Tax Expenses	5.70	9.68
	Total Profit/(Loss) After tax	5.77	29.74
3	Capital Employed
	Hoteliering	1,586.41	1,579.90
	Real Estate (Pre-operative stage)	388.44	388.46
	Unallocated	–	–
	Total	1,974.85	1,968.36

Sr. No.	Particulars	As at 31.03.2026 (Audited)	As at 31.03.2025 (Audited)
1	Equity Share Capital
	Balance at the beginning of the year	396.97	396.97
	Change in equity share capital during the year	–	–
	Balance at the end of the year	396.97	396.97
2	Other Equity
	Reserve & surplus
	Capital Reserve
	Balance at the beginning of the year	25.86	25.86
	Change in Capital Reserve during the year	–	–
	Balance at the end of the year	25.86	25.86
	Security Premium
	Balance at the beginning of the year	7.52	7.52
	Change in Security Premium during the year	–	–
	Balance at the end of the year	7.52	7.52
	General Reserve
	Balance at the beginning of the year	21.00	21.00
	Change in General reserve during the year	–	–
	Balance at the end of the year	21.00	21.00
	Revaluation Reserve
	Balance at the beginning of the year	1,133.29	1,211.30
	Change in revaluation Reserve during the year	(3.58)	(78.01)
	Balance at the end of the year	1,129.71	1,133.29
	FVTOCI
	Balance at the beginning of the year	10.74	9.14
	Add: Other Comprehensive Income (Net)	5.16	1.60
	Balance at the end of the year	15.90	10.74
	Retained earnings
	Balance at the beginning of the year	320.72	281.26
	Profit/(Loss) for the year	57.17	39.46
	Balance at the end of the year	377.89	320.72
	Total Other Equity	1,577.88	1,519.13

Sr. No.	Particulars	As at 31.03.2026 Audited	As at 31.03.2025 Audited
A	ASSETS
I	Non-Current Assets
	Property, plant and equipment	2,557.06	2,614.52
	Right of Use Assets	–	0.59
	Financial Assets:
	Other financial assets	2.68	42.67
	Other non-current assets	12.98	12.98
	Total Non-Current Assets	2,572.72	2,670.76
II	Current Assets
	Financial Assets:
	Trade receivables	95.79	96.23
	Cash and cash equivalents	62.99	159.36
	Bank balances other than above	3.23	3.05
	Other financial assets-Advances	33.57	33.57
	Other current assets	46.94	30.54
	Total Current Assets	242.52	322.75
	TOTAL ASSETS	2,815.24	2,993.51
B	EQUITY AND LIABILITIES
I	Equity
	Equity share capital	396.97	396.97
	Other equity	1,577.88	1,519.13
	Total Equity	1,974.85	1,916.10
II	Liabilities
	Non-Current Liabilities

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