Jungle Camps India Ltd shared its Q1 FY27 performance, highlighting a 12% YoY increase in revenue from operations, reaching ₹5.97 crore. The company provided details on its expansion plans, including the development of new properties like Mathura Hotel and Sheopur Fort, and discussed funding strategies and debt management. Management also addressed the company’s revenue mix, occupancy rates, and future outlook for key projects.
Jungle Camps India: Q1 FY27 Performance and Strategic Outlook
Jungle Camps India Ltd has reported its financial results for the first quarter of FY27, showcasing a robust 12% year-on-year growth in revenue from operations, which stood at ₹5.97 crore. This compares favorably to ₹5.35 crore in the same quarter of the previous year. Total income for the quarter reached ₹6.25 crore. The company also highlighted that its EBITDA for Q1 FY27 was ₹1.69 crore, with an EBITDA margin of 27%.
Expansion and Project Development
The company is actively pursuing significant expansion through new property developments. Key projects include the Mathura Hotel, which is planned to scale up to 105 rooms and is targeted for opening in FY28, and the transformation of Sheopur Fort into a 60-key luxury heritage hotel. The latter is also expected to be operational in FY28. Additionally, Jungle Camps India has secured management agreements for properties like Palash Kothi in Bandhavgarh and is developing the Kukru Jungle Camp, with an estimated cost of ₹7–7.5 crore and expected operationality by end of FY28. The company is also exploring opportunities in destinations like Panna, Satpura, Sariska, and Jawai Dam.
Financial Strategy and Debt Management
For the Mathura project, with a total cost of ₹49 crore, the company has secured financing of ₹32 crore through HDFC Bank at an interest rate of 8.14%. The Sheopur project has a budget of ₹25 crore, with a significant portion funded through internal accruals and a loan of approximately ₹17.5 crore from HDFC Bank. Both loans are structured with a two-year moratorium followed by a seven-year repayment period. The company anticipates its peak debt to reach around ₹50 crore by FY28 and expects to manage repayments comfortably, projecting an annual repayment obligation of approximately ₹6.5 crore post-moratorium.
Revenue Projections and Occupancy
Revenue estimates for the Mathura property are projected at ₹18–20 crore annually, with a comfortable margin of safety even if revenue falls to ₹12 crore. For Sheopur, the first-year revenue estimate is at least ₹12 crore, with plans to diversify beyond wildlife tourism to include segments like weddings. Occupancy rates are expected to improve, with Q1 FY27 seeing 45% occupancy, a 2% increase from Q1 FY26. The Average Daily Rate (ADR) has also seen a 5% YoY increase, reaching ₹10,539.
Operational Highlights
Jungle Camps India currently operates 8 properties, with 4 more in the pipeline. The company emphasizes its expertise in safari-focused and experience-driven hospitality, noting that this USP has insulated them from significant impacts due to competition. Employee management and service quality are maintained through standardized SOPs and intensive training programs, ensuring consistency across its growing portfolio.
Addressing Land Dispute Issues
The company has taken steps to strengthen its due-diligence process for land transactions following two recent incidents. This includes enhanced checks with revenue authorities, local police, and courts, as well as upfront engagement with the Forest Department where relevant. For the current properties in Sheopur and Mathura, the company is working to meet development timelines and obtain necessary permissions, with no immediate significant operational challenges anticipated.
Source: BSE
