Enclosed herewith Outcome of the Board Meeting held on November 11, 2025 at 03.30 PM through VC and OAVM.
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Awaiting price reaction for this filing.
HBG Hotels (formerly Phoenix Township Ltd) reported its Q2 FY26 and H1 FY26 results. Standalone revenue from operations for H1 FY26 was Rs. 1,069.01 lakhs vs Rs. 1,156.83 lakhs in H1 FY25, a decline of around 7.6%. Total income (including other income) fell about 19% to Rs. 1,242.23 lakhs. Standalone profit after tax for H1 FY26 dropped roughly 53% YoY to Rs. 108.96 lakhs (vs Rs. 232.07 lakhs). On a Q2 standalone basis, the company swung back to a PAT of Rs. 85.98 lakhs compared to a small loss of Rs. 0.84 lakhs a year ago. Cash from operations was sharply negative at Rs. (2,077) lakhs standalone and Rs. (1,844) lakhs consolidated, and standalone cash balances fell from Rs. 1,716 lakhs to Rs. 247 lakhs. Consolidated borrowings of Rs. 31,415 lakhs remain large relative to equity of Rs. 36,664 lakhs.
Mixed picture for shareholders: H1 profits are sharply lower YoY and operating cash flow is deeply negative, which raises concerns about the cash-runway despite the Q2 quarterly turnaround. The heavy consolidated debt load also keeps the stock sensitive to interest costs and refinancing. Investors should watch next quarters for a recovery in revenue and a return to positive operating cash flow.