Audited Financial Results for Fourth Quarter and year ended 31st March, 2026
HLVLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HLV Limited reported a significant decline in profitability for FY26 with net profit falling to Rs. 208 lakhs from Rs. 2,613 lakhs in FY25, a drop of about 92%. Total income remained relatively flat at Rs. 21,427 lakhs versus Rs. 21,840 lakhs in the previous year. The decline was due to Rs. 303 lakhs in exceptional items including impact of new Labour Codes (Rs. 191 lakhs) and unutilized GST input credit (Rs. 112 lakhs). The company continues to face major legal disputes with Airports Authority of India (AAI) regarding lease rent for Mumbai hotel land, with cumulative disputed claims of Rs. 17,552 lakhs and additional claims of Rs. 80,705 lakhs. The auditors gave an unmodified opinion but included an Emphasis of Matter on these ongoing AAI disputes and the company's ability to continue as a going concern.
The sharp decline in net profit and massive contingent liabilities from AAI disputes represent significant risks. While the auditors gave a clean opinion, the going concern assumption depends entirely on favorable outcomes of ongoing litigation, which creates substantial uncertainty for shareholders.