We hereby inform you that in compliance with Regulation 30 read with Schedule III, Regulation 33, and other applicable provisions of the Securities and Exchange Board of India (Listing ....
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The Board of Directors of Howard Hotels Limited, at its meeting held on July 26, 2025, approved the un-audited financial results for the quarter ended June 30, 2025 (Q1 FY26). Revenue from operations stood at ₹318.28 lakhs, a marginal rise from ₹306.73 lakhs in Q1 FY25. Total income was ₹321.79 lakhs, while total expenses rose sharply to ₹366.32 lakhs, driven by higher employee costs (₹108.17 lakhs), other expenses (₹167.08 lakhs), and depreciation (₹24.55 lakhs). The company swung into a net loss of approximately ₹46.53 lakhs for the quarter, compared to a profit of ₹76.98 lakhs in the same quarter last year. Basic EPS was ₹0.51. The statutory auditors, M/s B G G & Associates, issued a limited review report with an observation that deferred tax provision was not made for the quarter, as the company provides it only at year-end, making the financial impact unascertainable.
The quarter swung sharply from profit to loss due to a significant rise in expenses outpacing revenue growth, signalling margin compression and operational pressure on the hotel business. The auditor's observation on deferred tax adds a minor qualification concern, though overall shareholder sentiment is likely negative given the return to losses.