Asian Hotels (North) Limited has submitted to the Exchange, the Standalone and Consolidated financial results for the quarter and year ended March 31, 2026.
ASIANHOTNR · price
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Asian Hotels (North) Limited, owner of Hyatt Regency Delhi, reported FY2026 standalone revenue of Rs 38,208.81 lakhs (up ~20% from Rs 31,819.44 lakhs in FY2025). The company reported a net loss of Rs 10,225.71 lakhs for FY2026 due to high finance costs (Rs 7,246.97 lakhs) and exceptional charges of Rs 10,496.15 lakhs (financial charges/penal interest on defaulted borrowings). The company had previously defaulted on principal repayments of Rs 59,326.48 lakhs and interest of Rs 23,709.15 lakhs. During Q4, the company raised Rs 76,494 lakhs via preferential equity issue (2.31 crore shares at Rs 330/share) and fully repaid outstanding borrowings, resolving the default. The auditors issued an unmodified opinion but highlighted material uncertainty regarding going concern as current liabilities exceed current assets and the company incurred loss before exceptional items.
Despite ~20% revenue growth, the company remains in net loss territory with high leverage. Resolution of debt defaults via equity raise improves the balance sheet but going concern risk remains due to negative working capital and operational losses.