BSEHoward Hotels LtdHighNeutral
Announced Wed, 28 Jan · 16:39 IST

Results- Financial Results for the Quarter and Nine months ended December 31, 2025

Qualified OpinionRevenue DeclinePat NegativeResults View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Howard Hotels Limited reported a sharp deterioration in its Q3 FY26 performance. Revenue from operations fell to Rs 267.71 lakhs from Rs 534.50 lakhs in the same quarter last year, a drop of nearly 50%. The company swung from a profit of Rs 117.49 lakhs in Q3 FY25 to a loss of Rs 80.22 lakhs in Q3 FY26, translating to a negative EPS of Rs 0.88. For the nine months ended December 2025, revenue was nearly flat at Rs 1,120.49 lakhs (vs Rs 1,135.42 lakhs), with a small profit of Rs 9.26 lakhs. The statutory auditor, BGG & Associates, issued a qualified conclusion because the company did not make any provision for deferred tax, leaving the auditor unable to determine the impact on the results.

Likely market impact

The steep Q3 revenue drop and swing to a loss are negative signals for shareholders and likely to weigh on the stock. The auditor's qualified conclusion, stemming from the deferred tax gap, adds a layer of concern about the reliability of the reported numbers.