HLV LIMITED has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
HLVLTD · price
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Awaiting price reaction for this filing.
HLV Limited reported a net loss of Rs. 347 lakhs for Q1 FY26, compared to a profit of Rs. 162 lakhs in the same quarter last year and Rs. 1,074 lakhs in Q4 FY25. Total income fell to Rs. 4,397 lakhs from Rs. 4,813 lakhs a year ago, while total expenses rose to Rs. 4,744 lakhs, pushing the company into an operating loss. The auditor (N.S. Shetty & Co.) highlighted major ongoing disputes with Airports Authority of India (AAI) over Mumbai hotel land leases, with disputed amounts of Rs. 15,923 lakhs (Q1 quarter) and Rs. 80,705 lakhs (additional land) treated as contingent liabilities. The financial results have been prepared on a 'going concern' basis, assuming favorable settlements and lease renewals. A pending appeal by ITC Limited in the Supreme Court regarding the Brookfield business transfer also remains unresolved.
The shift into a quarterly loss combined with large unresolved AAI lease disputes and a going-concern dependency creates significant uncertainty for shareholders; the stock is likely to remain volatile pending eviction/arbitration outcomes. AAI's unilateral lease termination and ongoing eviction proceedings pose an existential risk to the Mumbai hotel operations.