Pursuant to Regulation 30 of Securities and Exchange Board of India (LODR) Regulations, 2015, We are please to inform you that the meeting of Board of Directors of Emerald Leisures Limited ....
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The Board of Directors of Emerald Leisures Limited met on August 6, 2025 and approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, which were also subjected to a limited review by statutory auditors P G Bhagwat LLP. Revenue from operations stood at ₹363.39 lakhs, slightly up from ₹359.63 lakhs in the same quarter last year. Total income was ₹368.17 lakhs against total expenses of ₹620.24 lakhs, resulting in a loss before tax of ₹252.07 lakhs, marginally narrower than the ₹278.51 lakh loss reported in Q1 FY25. Loss per share for the quarter was ₹1.68 (basic). The company continues to report accumulated losses, with a full-year FY25 loss of ₹1,079.86 lakhs. Management conducted a going concern and impairment assessment on its immovable properties and concluded no impairment is needed as of June 30, 2025. All revenue for the quarter came from the Hospitality segment. The company also recently consolidated Gala Techno Mahim Cluster LLP as a subsidiary acquired in January 2025.
The company remains loss-making with another quarter of negative earnings, though the loss narrowed slightly year-on-year. Total liabilities of ₹16,730 lakhs significantly exceed total assets of ₹9,335 lakhs, indicating high leverage and weak financial position. Shareholders should note the going concern emphasis from auditors and ongoing reliance on the right issue proceeds (₹1,251.55 lakhs raised in October 2024) to service debt. No positive earnings trigger is visible in the near term.