outcome of board meeting held on 29.5.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HBG Hotels Ltd (formerly Phoenix Township Limited) held its Board Meeting on 29th May 2026 and approved the audited standalone and consolidated financial results for Q4 and full year ended 31st March 2026. For FY2026, standalone revenue from operations was Rs 2,807.84 lakhs (vs Rs 2,859.11 lakhs in FY2025), showing a slight decline. Net profit before exceptional items dropped to Rs 373.72 lakhs from Rs 682.33 lakhs year-on-year, primarily due to reduced other operating income. The auditors Bhatter & Company issued an unmodified opinion, confirming clean financial statements. The company also appointed Bharat Gupta & Co. as Internal Auditor for FY2026-27. On the balance sheet, standalone cash reserves declined sharply from Rs 2,196.7 lakhs to Rs 182.8 lakhs, while borrowings reduced from Rs 851.7 lakhs to Rs 686.5 lakhs. Share capital increased from Rs 2,623.7 lakhs to Rs 2,821.6 lakhs due to capital infusion.
Revenue remained flat while profitability declined significantly year-on-year, though the prior year included exceptional items of Rs 5,065.40 lakhs that inflated profits. The sharp drop in cash reserves and capital infusion suggests ongoing investment activity. Unmodified audit opinion is positive for compliance. Shareholders should note the higher cash burn and monitor the company's cash flow management going forward.