Asian Hotels (North) Limited has informed the Exchange regarding Outcome of the Board meeting held on August 13, 2025.
ASIANHOTNR · price
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Awaiting price reaction for this filing.
The Board of Asian Hotels (North) Limited, which owns Hotel Hyatt Regency Delhi, approved its Q1 FY26 standalone results on August 13, 2025. Revenue from operations rose to ₹7,029 lakhs from ₹6,213 lakhs in Q1 FY25, a growth of about 13%. The net loss narrowed significantly to ₹1,355 lakhs (₹6.97 per share) from a loss of ₹2,526 lakhs (₹12.99 per share) a year ago, helped by lower interest expenses. However, the company has defaulted on loans taken from DBS Bank (now assigned to M/s Star Strength), with unpaid principal of ₹24,972 lakhs and interest of ₹8,960 lakhs totaling roughly ₹339 crore. The auditor has flagged a going concern emphasis, while the company says profitability is improving and it has completed one-time settlements with banks. Reserves remain deeply negative at ₹(14,236) lakhs, and the company raised a new secured loan of ₹95.66 crore during the quarter.
Operational performance is clearly improving with revenue up and losses nearly halving YoY, which is a positive signal. However, the massive loan default of ~₹339 crore, negative reserves, and an explicit going concern emphasis of matter from the auditor are serious red flags that may weigh on the stock and raise refinancing risk for shareholders.