Asian Hotels (North) Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025 along with Limited Review Report for the period ended December 31, 2025.
ASIANHOTNR · price
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Asian Hotels (North), owner of Hyatt Regency Delhi, reported Q3 FY26 revenue from operations of ₹9,098.44 lakhs, up about 5% from ₹8,646.67 lakhs in Q3 FY25, but posted a loss before tax of ₹5,647.37 lakhs versus a profit of ₹10,448.23 lakhs a year ago, mainly due to penal interest of ₹4,027.63 lakhs booked as an exceptional item. For the nine-month period, the company reported revenue of ₹23,817.16 lakhs (vs ₹22,668.33 lakhs) and a loss of ₹13,355.55 lakhs (vs a profit of ₹1,307.85 lakhs), with reserves turning negative at ₹(14,236.06) lakhs. The auditor flagged a major loan default: ₹59,326.46 lakhs in principal and ₹23,042.15 lakhs in total interest (including penal interest) were overdue as of December 31, 2025. The company raised ₹76,494 lakhs via a preferential share issue after quarter end at ₹330 per share, and the proceeds were used to fully repay the defaulted borrowings.
Near-term sentiment is negative because the core hotel business remains loss-making at the operating level and shareholders' equity is wiped out, but the large equity infusion after quarter end removes the immediate debt crisis and resolves the going-concern uncertainty, which may support the stock if the operational turnaround materialises.