HLV posts Rs 699 lakh Q2 loss amid Mumbai hotel lease dispute

Emphasis of matterRevenue growth above 20%Net loss reportedEBITDA margin expansionResults View source PDF Explain this filing

HLVLTD · price

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Price reactionminutes from the announcement price · days from the prior close

-1.7%Reaction day

₹5.74

prior close

₹5.66

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-2.5%+0.7% vs market

Hotels & Resorts peers, median of 53sector-0.4%-1.3% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 1.3 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Hotels & Resorts peers, median of 53Pending

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AI summary

Unaudited Q2 FY2026-27 net sales rose about 28% year on year to Rs 4,578 lakh, but HLV posted a net loss of Rs 699 lakh versus Rs 992 lakh. Six-month sales rose about 21% to Rs 9,246 lakh and loss narrowed to Rs 777 lakh. Operating loss before depreciation narrowed from Rs 395 lakh to Rs 69 lakh. The auditor highlighted the Mumbai hotel lease dispute and HLV's assumption that it can keep operating, without changing its conclusion. A disputed Airports Authority of India claim of Rs 80,705 lakh from 31 January 2019 has not been booked.

Likely market impact

Higher sales did not prevent losses. Lease disputes and the need for favourable outcomes to keep operating could weigh on the stock.

By the numbersStandalone · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹45.78 Cr	₹35.83 Cr	+27.8%
Operating profit	−₹10.53 Cr	−₹11.89 Cr	loss narrowed
Profit after tax	−₹6.99 Cr	−₹9.92 Cr	loss narrowed
EBITDA margin	-7.9%	-20.5%	+12.6 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.