Scuba Hotels records surge of 45% YoY with INR 116 Cr in FY 26
Mansur Mehta MD Suba Hotels Ltd1
The EBITDA grew year on year by 13% to INR 26.82 Crores and profit after tax (PAT) stood at INR 18.01 Crores in FY26, a rise of 19% compared to FY 25.
Suba Hotels Limited has announced its audited financial results for the year ending March 31, 2026. The group recorded the total revenue for FY26 rose to INR 115.89 Crores, up 45% year on year. The EBITDA grew year on year by 13% to INR 26.82 Crores and profit after tax (PAT) stood at INR 18.01 Crores in FY26, a rise of 19% compared to FY 25.
Commenting on the results, Mansur Mehta, Managing Director, Suba Hotels Limited, said, “FY26 has been a landmark year for Suba Hotels as we delivered our highest-ever revenue of INR 115.89 Crore while expanding our footprint to over 102 operational hotels, 4,660+ keys, and 73 destinations. These milestones reflect the strength of our business model, the trust of our partners, and our ability to consistently execute on a scale.”
The hotel operates across five hospitality business models: Management Contracts, Revenue Sharing, Franchising, Asset Ownership, and Hybrid Structures.
“To the best of our knowledge, Suba Hotels is the only listed hospitality company in India with a presence across all five operating models. This provides us with a unique competitive advantage, allowing us to partner with hotel owners in a flexible manner and accelerate expansion across markets and segments,” Mehta added.
Further commenting on the results, Mubeen Mehta, CEO, Suba Hotels Limited, said, “The scale achieved during FY26 demonstrates the strength of our operating platform and execution capabilities. Revenue grew by 45% during the year, supported by network expansion, improved business volumes, and continued traction across our brands and operating formats.”
While EBITDA and PAT continued to grow, margins were impacted by changes in the GST framework introduced during the year, which resulted in the loss of Input Tax Credit benefits on certain operating expenses. This regulatory change affected the hospitality industry as a whole and led to a higher cost base despite strong underlying business performance.
“Looking ahead, our focus remains on expanding the portfolio through asset-light models, improving operating efficiencies, and strengthening our presence across high-growth markets. With 102+ operational hotels already in the network and a strong pipeline under development, we are confident in our ability to sustain growth and create long-term value for our stakeholders,” Mubeen Mehta added.
