Pursuant to the provisions of Regulation 30, 33 and any other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, ....
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Best Eastern Hotels Ltd, which operates the Usha Ascot hotel in Matheran, reported weak Q2 FY26 results with revenue from operations falling to ₹126.10 lakhs from ₹143.39 lakhs in the year-ago quarter, a drop of about 12%. The company slipped into a net loss of ₹9.98 lakhs in Q2 compared to a profit of ₹6.35 lakhs last year, as employee costs climbed to ₹54.10 lakhs. For H1 FY26, total income fell to ₹311.57 lakhs (vs ₹333.37 lakhs), and net profit collapsed to just ₹0.47 lakhs from ₹24.93 lakhs. Operating cash flow was sharply negative at -₹55.65 lakhs for the half year, with the firm funding itself through ₹105.65 lakhs of additional borrowings. Total borrowings stood at ₹314.84 lakhs against equity of ₹230.32 lakhs. The statutory auditor (GMJ & Co) issued an unmodified review report.
Weak seasonal quarter with revenue and profits both declining year-on-year, turning into a loss in Q2. Negative operating cash flow and rising debt levels (D/E ratio above 1x) suggest the small hotel business is under financial strain, though management attributes Q2 softness to the seasonal nature of the Matheran hill-station hospitality business.