Please find enclosed herewith Unaudited Financial Results for the Second Quarter and Half-year ended on 30.09.2025 which has been taken on record in the Board Meeting held on 10.11.2025 ....
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CHL Limited posted weak Q2 FY26 results, with standalone revenue from operations falling to ₹20.27 crore (vs ₹23.72 crore in Q2 FY25, a ~14.5% decline). The standalone business swung to a loss of ₹5.82 crore before tax in Q2 (vs a profit of ₹7.54 crore last year), primarily hit by a one-time property tax payment of ₹10.62 crore under an MCD amnesty scheme following a Delhi High Court order. For H1 FY26, standalone profit before tax dropped sharply to ₹0.99 crore from ₹12.77 crore. On a consolidated basis, the half-year loss widened to ₹12.86 crore (vs ₹5.60 crore loss in H1 FY25), dragged by the Tajikistan subsidiary CJSC CHL International which reported a net loss of ₹13.45 crore and a total comprehensive loss of ₹32.88 crore, including ₹19.43 crore in currency exchange fluctuation losses. Standalone operating cash flow turned marginally negative at ₹(0.13) crore vs ₹12.64 crore last year. The auditor flagged two emphasis-of-matter items: the ongoing EXIM Bank loan litigation related to the Tajikistan hotel (a USD 34 million one-time settlement is under implementation) and the property tax crystallization.
Near-term profitability is severely dented — the one-time property tax and weakness in the standalone hotel business turned Q2 to a loss, while the Tajikistan subsidiary continues to bleed with large forex losses. The lingering EXIM Bank case and weak consolidated cash generation remain overhangs, though the parent has a comfortable cash balance of ₹38.14 crore on a standalone basis. Shareholders should view results negatively given the swing to losses and unresolved subsidiary liabilities.