Results for the Financial Year for the Quarter ended June 30, 2025.
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Howard Hotels Limited reported its Q1 FY26 (ended June 30, 2025) unaudited results. Revenue from operations stood at Rs. 318.28 lakhs, slightly higher than Rs. 306.73 lakhs in the same quarter last year (about 3.8% growth). Total income for the quarter was Rs. 321.79 lakhs. The company, however, posted a loss before tax of Rs. 36.53 lakhs and a net loss of Rs. 46.53 lakhs, though the loss narrowed from Rs. 76.98 lakhs in Q1 FY25. Basic and diluted EPS stood at Rs. 0.51. The statutory auditor, M/s B G G & Associates, issued a qualified review report, flagging that deferred tax has not been provided for the quarter and the impact of this cannot be ascertained.
The company continues to report losses, though the quarterly loss has narrowed year-on-year. The auditor's qualification on deferred tax is a concern as it could affect the accuracy of tax provisions when assessed at year-end. For shareholders, the stock remains in loss-making territory with no clear profitability signal in this quarter.