Jungle Camps India Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Jungle Camps India Ltd filed with BSE on 24 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Jungle Camps India reported Q1 FY27 revenue from operations of Rs 5.97 crore, up 12% year-on-year, with EBITDA of Rs 1.69 crore at a 27% margin, down from 32% a year earlier partly due to an exceptional expense of Rs 0.52 crore linked to the discontinued Parsili project. Management discussed expansion plans including the Mathura Hotel with IHG's Holiday Express brand, the Sheopur Fort heritage hotel, Kukru Jungle Camp, and the newly added Palash Kothi and Devprayag properties. Management also detailed funding, debt and lease terms for the Mathura and Sheopur projects and addressed two land-related disputes that resulted in written-off expenditure.
Numbers mentioned
Revenue from Operations: 5.97 cr (Q1 FY27)
p. 4
“Our revenue from Operation is 5.97 cr.”
Ajay Singh, page 4 of the filed PDF · View the filing
Revenue from Operations: 5.35 cr (Q1 FY26)
p. 4
“In Q1 FY26, revenue from operation worth 5.35 cr.”
Ajay Singh, page 4 of the filed PDF · View the filing
EBITDA: 1.69cr (Q1 FY27)
p. 4
“EBITDA in Q1FY27 is 1.69cr, and our EBITDA in Q1 FY26 was 1.81cr.”
Ajay Singh, page 4 of the filed PDF · View the filing
EBITDA margin: 27% (Q1 FY27)
p. 4
“EBITDA % is 27% and 32%.”
Ajay Singh, page 4 of the filed PDF · View the filing
Profit after tax: 0.47 cr (Q1 FY27)
p. 4
“That is 0.47 cr and 1.13cr, PAT % is 8% and 20%.”
Ajay Singh, page 4 of the filed PDF · View the filing
Basic earnings per share: 0.27 rs (Q1 FY27)
p. 4
“Our basic earnings per share is 0.27rs And Q1FY26 plus 0.66 per share.”
Ajay Singh, page 4 of the filed PDF · View the filing
Exceptional expense: 0.52cr (Q1 FY27)
p. 4
“There was an item in Q1 financial numbers. Exceptional expenses of 0.52cr related to right-of-project-related expenditure pertaining to our Parsili project following cancellation of project due to regulatory environment constraints, the project is non-recurring in nature.”
Ajay Singh, page 4 of the filed PDF · View the filing
Average Daily Rate (ADR): Rs.10,539 (Q1 FY27)
p. 4
“Average daily rate Rs.10,539 in Q1 FY27.”
Ajay Singh, page 4 of the filed PDF · View the filing
Occupancy: 45% (Q1 FY27)
p. 4
“Our occupancy in Q1 FY27 was 45%, and in Q1 FY26 was 43%.”
Ajay Singh, page 4 of the filed PDF · View the filing
RevPAR: ₹ 4,763 (Q1 FY27)
p. 4
“RevPAR In Q1 FY27 is ₹ 4,763 and in Q1 FY26, same was ₹ 4,353.”
Ajay Singh, page 4 of the filed PDF · View the filing
Total income: ₹ 23.28 cr (FY26)
p. 5
“Here total income was ₹ 23.28 cr.”
Ajay Singh, page 5 of the filed PDF · View the filing
EBITDA margin: 30% (FY26)
p. 5
“EBITDA was 7.48cr. EBITDA margin was 30%.”
Ajay Singh, page 5 of the filed PDF · View the filing
Total IPO size: 29.42 cr
p. 6
“Initially, our total IPO size was 29.42 cr.”
Ajay Singh, page 6 of the filed PDF · View the filing
Investment in Madhuvan Hospitality for Mathura project: 8.79 cr
p. 6
“we have already invested 8.79 cr.”
Ajay Singh, page 6 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Mathura Hotel opening — opening · FY28
stated firmly by Yashovardhan Rathore
p. 5
“Targeted. Opening for this is FY 28.”
Yashovardhan Rathore, page 5 of the filed PDF · View the filing
H2 EBITDA margin — October to March
stated firmly by Management
p. 20
“We expect our margins in the second half to be better compared with the same period last year.”
Management, page 20 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management explained seasonality, saying H2 (October-March) is stronger than H1, with lower rates during the off-season.
Answered by Management
Asked by Nishita Shanklesha: What ADR growth can be expected for the full year FY27?
p. 6
“So, keeping this seasonality in mind, our rates are generally lower during the off-season.”
Management, page 6 of the filed PDF · View the filing
Management said occupancy is naturally capped due to the forest being closed for three months and expects improvement with new properties like Mathura Hotel.
Answered by Management
Asked by Keshav Garg: Is the 40% full-year occupancy low, and will it improve?
p. 7
“So, if you look at that, then 25% is already low.”
Management, page 7 of the filed PDF · View the filing
Management said Devprayag and Bandhavgarh additions plus stabilized existing properties should improve both topline and bottom line this year.
Answered by Management
Asked by Keshav Garg: Will there be an EBITDA spike this year or will it remain flat?
p. 8
“So, these three products are such that this year, our top line and bottom line will improve both the numbers.”
Management, page 8 of the filed PDF · View the filing
Management said new properties generally take 4-6 months to stabilize.
Answered by Management
Asked by Keshav Garg: Do new properties typically break even quickly?
p. 8
“In the beginning, it takes 4-6 months for a property.”
Management, page 8 of the filed PDF · View the filing
Management explained these are small properties with low tariffs and limited brand recognition compared to owned flagship properties.
Answered by Management
Asked by Keshav Garg: Why do managed properties like Rukhad and Bison contribute little to revenue?
p. 9
“It has 8 rooms, it is on the highway, but its tariff is very low. We can't charge much tariff. That's why there is no major contribution.”
Management, page 9 of the filed PDF · View the filing
Management said such cancellations are rare in tourism leases and no such clause exists in their agreements if development obligations are met.
Answered by Management
Asked by Keshav Garg: Is there risk of lease/property agreements being cancelled by courts, similar to telecom or mining license cancellations?
p. 9
“If we do our work, if the property is 5 years old, if we make the property in 5 years, then after that there is no such clause of cancellation.”
Management, page 9 of the filed PDF · View the filing
Management gave a range for each property based on season and positioning.
Answered by Management
Asked by Keshav Garg: What ADR can be expected at Bandhavgarh and Devprayag?
p. 11
“Yes, Bandhavgarh, we can expect between 8,000 to 12,000 depending on the season. And, DevPrayag, because it is not wildlife, it is a spiritual type destination. So, here, ADR between 5,000 to 6,000.”
Management, page 11 of the filed PDF · View the filing
Management confirmed funding through internal accruals and HDFC Bank debt, detailing the Mathura project cost breakdown.
Answered by Management
Asked by Keshav Garg: Are the four properties under construction fully funded?
p. 12
“The Mathura project has a total project cost of ₹49 crore.”
Management, page 12 of the filed PDF · View the filing
Management said both loans have a two-year moratorium followed by seven-year repayment, with roughly ₹53 lakh combined monthly EMI thereafter.
Answered by Management
Asked by Vinay Ambekar: What is the debt repayment schedule and moratorium terms with HDFC Bank?
p. 16
“Both loans have a two-year moratorium, followed by a seven-year repayment period.”
Management, page 16 of the filed PDF · View the filing
Management said even at lower revenue of around ₹12 crore they would still be comfortable servicing debt.
Answered by Management
Asked by Vinay Ambekar: What is the downside risk if Mathura revenue is lower than the ₹18-20 crore estimate?
p. 17
“Even if the revenue is around ₹12 crore, we would still be comfortable.”
Management, page 17 of the filed PDF · View the filing
Management described strengthened due diligence involving Forest Department engagement and checks with revenue authorities, police and courts.
Answered by Management
Asked by Vinay Ambekar: What steps have been taken after two land-related incidents (fraud and cancelled permission)?
p. 19
“So, going forward, every land transaction will go through a detailed checklist covering revenue records, police records, court cases and other relevant authorities before we proceed.”
Management, page 19 of the filed PDF · View the filing
Management attributed it mainly to capital work-in-progress for ongoing construction and renovation, including Sheopur Fort and Pench renovation.
Answered by Management
Asked by Rajiv Agarwal: What explains the ₹7 crore increase in tangible assets?
p. 20
“We currently have around ₹3.5 crore of expenditure related to the ongoing renovation at Sheopur Fort and Pench renovation, taken together.”
Management, page 20 of the filed PDF · View the filing
Management said the full ₹1.22 crore premium refund, ₹50 lakh performance security, and lease rental refunds are expected shortly.
Answered by Management
Asked by Keshav Garg: What is the status of the refund related to the Sanjay Gandhi National Park land dispute?
p. 20
“Around ₹1.21 crore is due to us, and that should be received in full.”
Management, page 20 of the filed PDF · View the filing
Risks flagged
Seasonal closure of parks reduces occupancy and revenue during June-August
p. 6
“Then, during June, July and August, the park is generally closed.”
Management, page 6 of the filed PDF · View the filing
Discontinuation of Parsili project due to regulatory constraints, resulting in write-offs
p. 5
“The Parsili project has been discontinued following the regulatory constraints, with 1.22cr upfront premium refundable, and a performance security of 0.50cr to be returned.”
Ajay Singh, page 5 of the filed PDF · View the filing
Competitive pressure in the Mathura market requiring rate adjustments
p. 13
“In such a market, whoever is able to command the right rate based on demand and supply will have to adjust their pricing accordingly.”
Management, page 13 of the filed PDF · View the filing
Water availability challenge at Kukru Jungle Camp site
p. 22
“one of the key challenges at the location is water availability.”
Management, page 22 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.