Audited Financial Results for the fourth quarter and year ended March 31, 2026
HLVLTD · price
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HLV Limited reported audited financial results for FY2026 with total income of Rs. 21,427 lakhs, down from Rs. 21,840 lakhs in the previous year (slight revenue decline of about 1.9%). Net profit plummeted to Rs. 208 lakhs from Rs. 2,613 lakhs in FY2025, a decline of approximately 92%, with EPS falling to Rs. 0.03 from Rs. 0.40. The company posted Q4 net profit of Rs. 860 lakhs. Exceptional items showed a loss of Rs. 303 lakhs due to one-time impacts from new labour codes and unutilized GST input credit. The financial results were prepared on a going concern basis due to ongoing disputes with Airport Authority of India (AAI) over lease rentals for the Mumbai hotel and another land parcel, with disputed claims totaling over Rs. 98,000 lakhs. The auditor issued an unmodified (clean) opinion but included an Emphasis of Matter on these AAI disputes.
The stock may face pressure due to the sharp 92% decline in annual profit and significant contingent liabilities exceeding Rs. 98,000 lakhs from AAI disputes. The going concern basis raises questions about the company's ability to continue operations if the legal disputes are not resolved in its favour.