Eco Hotels & Resorts Limited (BSE: 514402) reported a strong operating performance in Q3 FY26 and announced its financial results for the quarter and nine months ended December 31, 2025. The quarter reflected robust momentum following the successful launch of new properties in Varanasi and Vadodara towards the end of September 2025.
New properties deliver high occupancy and rapid ramp-up
The Varanasi property delivered exceptional performance, achieving 100% occupancy on multiple days and maintaining an average occupancy of approximately 85% in December 2025. The strong demand highlights the growing traction in the pilgrimage and leisure segment.
The Kochi property continued to perform steadily during the period, recording around 80% occupancy in November and December 2025. Together, these results reinforced the strength of the company’s location strategy and brand positioning across key travel destinations.
Revenue growth reflects scaling operations
Eco Hotels & Resorts reported revenue from operations of ₹179.31 lakh for Q3 FY26, with total income at ₹180.04 lakh, indicating a sharp improvement over the previous quarter as operations scaled up post the new launches.
For the nine-month period ended December 31, 2025, revenue from operations stood at ₹237.98 lakh, while total income reached ₹238.74 lakh, reflecting the company’s expanding operational base.
Expansion phase strengthens long-term operating leverage
The company’s performance during the quarter reflects its ongoing investment and expansion phase, including new property additions, ramp-up of recently launched hotels, and restructuring initiatives aimed at creating a scalable, asset-light, and sustainable hospitality platform.
These strategic initiatives are expected to support improving operating leverage and financial performance as occupancies stabilise and newly launched properties mature.
New additions approved and more launches expected in Q4 FY26
During the quarter, the Board approved the addition of a new property to the company’s portfolio. Looking ahead, Eco Hotels & Resorts expects two to three new properties to become operational in Q4 FY26, further strengthening its expansion pipeline.
The upcoming additions are expected to drive stronger occupancies, operating leverage, and revenue growth in the following quarters.
Leadership commentary on growth and scale-up plans
Vinod Kumar Tripathi, Chairman, Eco Hotels & Resorts Limited, said the encouraging performance across Varanasi, Vadodara, and Kochi validates the company’s strategy of expanding in high-demand travel and pilgrimage markets. He added that with new properties planned in Ayodhya, Udaipur, Shirdi, and Chhatrapati Sambhaji Nagar, the company is confident of crossing 300 operational rooms by March 2026, positioning it well for accelerated growth in the coming quarters.
Vikram Doshi, Executive Director (Finance) & CFO, Eco Hotels & Resorts Limited, noted that Q3 FY26 reflected a strong improvement in operating traction, particularly at newly launched properties. He highlighted that revenues of ₹179.31 lakh demonstrate the impact of rapid ramp-up and improving occupancies, adding that the company remains focused on enhancing cash flows, improving efficiency, and strengthening its financial foundation while scaling across multiple locations.
