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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Howard Hotels Limited's board approved unaudited financial results for Q2 and the half year ended September 30, 2025. Q2 revenue from operations fell to ₹267.71 lakhs (from ₹318.28 lakhs in Q1 FY26 and ₹300.67 lakhs in Q2 FY25), with a net loss of ₹80.22 lakhs and an EPS of -₹0.88. For H1 FY26, total revenue was ₹585.99 lakhs and the net loss stood at ₹126.75 lakhs, an improvement from a loss of ₹157.47 lakhs in H1 FY25. The statutory auditor, BGG & Associates, issued a qualified conclusion because the company did not book a deferred tax provision for the period, and could not quantify its impact. Cash from operations was negative at ₹(96.84) lakhs in H1 FY26, and cash & equivalents fell to ₹114.01 lakhs from ₹200.01 lakhs at the start of the year.
The combination of a revenue decline, recurring quarterly losses, negative operating cash flow and a qualified auditor opinion are clearly negative signals for shareholders. Investors should monitor the company's liquidity position (cash has nearly halved in six months) and any signs of a turnaround in hotel demand before taking fresh exposure.