Asian Hotels (East) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Asian Hotels (East) Limited reported Q1 FY26 results on August 14, 2025. Standalone revenue from operations rose to Rs. 2,495.73 lakhs from Rs. 2,246.70 lakhs in Q1 FY25, and standalone net profit jumped to Rs. 454.89 lakhs (EPS Rs. 2.63) from Rs. 320.68 lakhs (EPS Rs. 1.85). On a consolidated basis, however, the company posted a wider net loss of Rs. 652.68 lakhs versus Rs. 38.62 lakhs in the year-ago quarter, dragged by subsidiary losses. Auditor Singhi & Co. issued a qualified review report flagging that no impairment provision was made for the company's exposure to wholly-owned subsidiary GJS Hotels Limited, whose Rs. 350 lakhs bank guarantee was forfeited by the Odisha government following an eviction order. If impairment had been booked, standalone PAT would have swung to a loss of Rs. 800.36 lakhs and consolidated loss would have ballooned to Rs. 7,643.30 lakhs. Other ongoing exposures include a Rs. 13,927.73 lakhs income tax dispute (now at ITAT) and a fresh Rs. 1,420.18 lakhs tax demand for AY 2023-24 under appeal.
The big gap between healthy standalone profit and consolidated losses is a red flag — subsidiary GJS Hotels could trigger up to Rs. 6,213 lakhs of goodwill impairment. The auditor's qualified opinion and unresolved tax/legal exposures may weigh on investor sentiment and keep the stock volatile in the near term.