Phoenix township Limited (formerly known as Phoenix Township Limited) announced its Q3FY26 financial results for the quarter ended 31st December 2025, revealing a challenging performance with significant declines in profitability despite some operational improvements.

Financial Performance Overview

The company reported a substantial decline in net profit for Q3FY26, with earnings dropping to ₹72.18 lacs compared to ₹219.47 lacs in the corresponding quarter of the previous year. This represents a steep 67% year-on-year decrease, highlighting the operational challenges faced during the quarter.

Revenue and Income Analysis

While net sales remained relatively stable with a marginal decline of 0.8% to ₹881.54 lacs, the company experienced a significant drop in other operating income, which fell by 79% to ₹45.17 lacs from ₹215.41 lacs in the previous year. This substantial reduction in other operating income was a primary contributor to the overall 16% decline in total income to ₹926.71 lacs.

Operational Expenses and Costs

The company's total expenditure for Q3FY26 stood at ₹841.69 lacs compared to ₹804.07 lacs in Q3FY25, representing a 4.7% increase. Key expense categories showed mixed trends:

Nine-Month Performance

For the nine months ended 31st December 2025, HBG Hotels reported a net profit of ₹182.08 lacs, down 62% from ₹476.24 lacs in the corresponding period of the previous year. Total income for the nine-month period declined to ₹2,168.94 lacs from ₹2,645.22 lacs, marking an 18% decrease year-on-year.

Sequential Quarter Improvements

Despite the year-on-year challenges, the company showed sequential improvement with total income rising 47% from ₹630.62 lacs in Q2FY26 to ₹926.71 lacs in Q3FY26. Net sales also demonstrated strong sequential growth of 79% from ₹492.56 lacs in the preceding quarter.

Capital Structure and Share Information

The company's paid-up equity share capital increased to ₹2,051.93 lacs as of 31st December 2025, compared to ₹1,479.43 lacs in the corresponding period last year. Reserves excluding revaluation reserves stood at ₹34,411.0 lacs, up from ₹20,328.5 lacs in the previous year, indicating strengthened financial position despite operational challenges.

Phoenix Township Limited , a hospitality company operating hotels in Goa and Kerala, has officially changed its name to HBG Hotels Limited. The rebranding, which took effect on November 4, 2025, marks a significant milestone for the company's corporate identity.

Key Details of the Name Change

Regulatory Compliance and Transparency

The company has diligently followed the regulatory procedures for this corporate action:

1. The proposal for the name change was initially intimated on August 14, 2025.
2. A fresh Certificate of Incorporation was issued on November 4, 2025, by the Registrar of Companies.
3. The company has informed the BSE (Bombay Stock Exchange) about the name change, adhering to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Implications for Stakeholders

While the name change is now in effect, it's important to note that this does not affect the rights and liabilities of stakeholders. However, for transparency and compliance:

• The company is required to display both the old and new names at all locations for a period of two years following the name change.
• Stakeholders are advised to verify the latest status of the company and its directors on the Ministry of Corporate Affairs website ( www.mca.gov.in/MCA21 ).

Company Operations

HBG Hotels Limited (formerly Phoenix Township Limited) continues to operate its established properties:

1. Park Inn by Radisson in Goa
2. Phoenix Island Resort in Kerala

The company's corporate office remains at Hede House, Mumbai, while its registered office is located in Panaji, Goa.

This rebranding initiative may signal a new chapter for the company in the hospitality sector, potentially aligning its corporate identity more closely with its hotel operations and future strategic direction.