Viceroy Hotels Limited has informed the Exchange regarding Board meeting held on May 19, 2025.
VHLTD · price
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Awaiting price reaction for this filing.
Viceroy Hotels' board approved audited standalone and consolidated results for Q4 and FY ended March 31, 2025. Standalone revenue from operations rose to Rs. 13,248.96 lakhs (from Rs. 11,844.30 lakhs in FY24), while consolidated revenue was nearly flat at Rs. 13,729.44 lakhs. Standalone profit before tax jumped to Rs. 2,115.92 lakhs from Rs. 489.49 lakhs, and reported PAT surged to Rs. 7,640.58 lakhs, largely aided by a one-time deferred tax credit of Rs. 5,524.66 lakhs. Auditor M/s. Deva & Co. issued an unmodified opinion. The CFO Mr. Pradyumna Kodali resigned (effective May 31, 2025) and was reappointed as COO, with Mr. P.V. Krishna Reddy named the new CFO. Five subsidiaries were disposed of in July 2024, and the company utilized proceeds from its December 2024 rights issue (Rs. 4,951.58 lakhs raised) for property renovation and general corporate purposes.
Strong reported PAT is driven mainly by a deferred tax adjustment rather than core operations, so investors should look at operating profit for the true picture. The CFO transition and subsidiary divestments are notable governance changes worth monitoring for execution risk.