BSEHoward Hotels LtdHighNeutral
Announced Wed, 12 Nov · 15:35 IST

Results- Financial Results For the Second Quarter And Half Year Ended September 30, 2025

Qualified OpinionRevenue DeclinePat NegativeNegative Operating CashflowEbitda Margin ExpansionResults 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 weak Q2 and H1 FY26, with revenue from operations declining about 11% YoY in Q2 to ₹267.71 lakhs (vs ₹300.67 lakhs) and H1 revenue falling roughly 3.5% to ₹585.99 lakhs (vs ₹607.40 lakhs). The company remained in the red, posting a Q2 loss after tax of ₹80.22 lakhs and a H1 loss of ₹126.75 lakhs, though H1 losses narrowed from ₹157.47 lakhs a year ago. Total expenses of ₹720.37 lakhs for H1 continued to exceed total income of ₹593.61 lakhs, and net worth dipped to ₹1,022.12 lakhs from ₹1,148.87 lakhs as of March 2025. Cash flow from operations stayed firmly negative at -₹96.84 lakhs. The statutory auditor issued a qualified conclusion because no deferred tax provision was made for the quarter.

Likely market impact

Sustained losses, shrinking net worth, and negative operating cash flow signal ongoing financial stress, while the auditor's qualified opinion over deferred tax adds to the concerns — near-term shareholder returns remain under pressure with no clear path to profitability.