The Board of Directors at their meeting held today i.e on May 22, 2025, interalia, considered and approved the Audited Standalone and Consolidated Financial Results along with the Audit ....
GRAVISSHO · price
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Graviss Hospitality reported FY25 audited results with standalone revenue from operations of ₹5,643 lakhs (vs ₹5,414 lakhs in FY24, up ~4%) and consolidated revenue of ₹6,115 lakhs (vs ₹5,414 lakhs, up ~13%). Standalone profit after tax jumped sharply to ₹1,192 lakhs (vs ₹417 lakhs) and consolidated PAT rose to ₹939 lakhs (vs ₹301 lakhs), but most of this jump came from a one-time deferred tax credit of around ₹735 lakhs due to changes in capital gains tax rules under Finance (No. 2) Act 2024. Underlying profit before tax actually declined — standalone PBT fell to ₹458 lakhs from ₹493 lakhs, and consolidated PBT dropped to ₹214 lakhs from ₹378 lakhs, hurt by higher employee costs and depreciation. Operating cash flow weakened significantly, falling to ₹278 lakhs standalone and ₹328 lakhs consolidated from ₹886 lakhs and ₹943 lakhs respectively. The auditor issued an unqualified opinion but flagged an Emphasis of Matter noting that three subsidiaries have accumulated losses exceeding their net worth; interest-free loans to these subsidiaries are considered recoverable.
The headline PAT growth looks strong but is largely an accounting-driven deferred tax benefit, not an operational improvement — shareholders should focus on the declining operating cash flows and weaker PBT. The auditor's emphasis on loss-making subsidiaries and interest-free loans outstanding to them is a key risk to monitor, though the parent company itself remains low on debt with healthy equity of over ₹19,000 lakhs consolidated.