Pursuant to SEBI Circular No SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 Dated December 31,2024 read with erelevant Circular issued by Stock Exchange , we hereby submit the Integrated Filing (Finacial) ....
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Best Eastern Hotels Ltd, which operates the Usha Ascot hotel in Matheran, submitted its audited standalone financial results for Q4 and FY25 under SEBI's integrated filing framework. Revenue from operations for FY25 stood at Rs 624.55 lakhs vs Rs 613.90 lakhs in FY24, a marginal ~1.7% growth. However, profit before tax crashed from Rs 22.17 lakhs to just Rs 0.34 lakhs, and the company swung to a net loss of Rs 2.38 lakhs compared to a profit of Rs 14.05 lakhs last year. Total expenses rose 6% to Rs 637.26 lakhs, driven by higher employee costs and finance costs. The auditor issued an unmodified opinion. The board approved a dividend of Rs 1 per share on its 10% cumulative preference shares.
Despite stable revenue, profitability has nearly vanished with the company reporting a small net loss for FY25, signaling margin pressure and rising costs. Shareholders holding equity shares see no dividend, and the weak earnings print is likely to weigh negatively on sentiment, though debt levels have come down and operating cash flow remains positive at Rs 66.73 lakhs.