Memorandum of Understanding (MoU) with Katsons Hotel and Developer Private Limited and Mr
As filed · Updates
BusinessWatchMinormateriality 59 out of 100
What happened
FactMemorandum of Understanding (MoU) with Katsons Hotel and Developer Private Limited and Mr.
Why it matters
CapitSignal interpretationA joint venture commits capital and management time to an asset the company only part-owns.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Margins
RevisedEarlierQ1 FY27
EBITDA stood at Rs.47 crores up 3% year-on-year with EBITDA margin at 28.12%.
NowQ1 FY27
At the consolidated level, revenue achieved was Rs.172 crores up 10% and EBITDA at Rs.52 crores up 8% over last year.
Change
FactTarget revision
Implication
CapitSignal interpretationThe stated figure moved 233.33%.confidence 60%
Watch next
Fact- Capital commitment and ownership split
- Whether it is consolidated or equity-accounted
- We plan to add… we are at 110 outlets. We are definitely going to add 30 more outlets during the course of the (management committed by H1 FY27)
- in FY29, we expect to add Rs. 200 plus crore due to the sale of the apartment in the profit. (management committed by FY29)
Evidence
- Apeejay Surrendra Park Hotels Limited has informed the Exchange regarding 'Intimation regarding signing of Memorandum of Understanding'.(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- JOINT_VENTURE base 54; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%