HLV LIMITED has submitted to the Exchange, the financial results for the period ended March 31, 2025.
HLVLTD · price
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HLV Limited (The Leela Hotels) reported FY25 total income of Rs. 21,840 lakhs, up about 4.5% from Rs. 20,890 lakhs in FY24. Net profit for the year rose to Rs. 2,613 lakhs (vs Rs. 2,380 lakhs), with Q4 net profit at Rs. 1,074 lakhs. EPS for the year stood at Rs. 0.40 versus Rs. 0.36 earlier. The auditor issued an unmodified (clean) opinion but flagged major disputes with the Airports Authority of India (AAI) involving disputed lease rent increases and a cumulative claim of over Rs. 76,000 lakhs in respect of Mumbai hotel land; the company has not provided for these amounts as it considers them contingent. The board re-appointed Vivek Nair and Dinesh Nair as Chairman/MD and Co-Chairman/MD respectively for five years from October 2025, and appointed new internal and secretarial auditors.
The results show modest top-line and profit growth with a clean audit opinion, but the auditor's emphasis of matter on large unresolved AAI lease disputes and the going concern assumption tied to favourable outcomes make these results material for shareholders. The very large contingent liabilities (over Rs. 760 crore) are a key risk factor that could affect the stock if legal outcomes turn adverse, though cash position improved sharply (cash up from Rs. 253 lakhs to Rs. 5,959 lakhs).