HLV Limited Reports Q2 FY2025 Loss, Appoints New Company Secretary

HLV Limited , a prominent player in the hospitality sector, has reported a net loss of Rs 992.00 lakhs for the quarter ended September 30, 2025, as per the company's recent financial disclosure. This marks a significant shift from the profit of Rs 349.00 lakhs recorded in the same quarter of the previous year.

Financial Performance

The company's financial results for Q2 FY2025 paint a challenging picture:

Particulars (in Rs. lakhs)	Q2 FY2025	Q2 FY2024	Change
Total Income	3,892.00	4,601.00	-15.4%
Net Profit/(Loss)	(992.00)	349.00	N/A
EPS (in Rs.)	(0.15)	0.05	N/A

The total income for the quarter declined to Rs 3,892.00 lakhs, down from Rs 4,601.00 lakhs in the corresponding quarter of the previous year, representing a 15.4% decrease.

Half-Yearly Performance

For the six months ended September 30, 2025, HLV Limited reported:

Total income of Rs 8,289.00 lakhs
Net loss of Rs 1,339.00 lakhs
Loss per share of Rs 0.20

Management Changes

In a significant development, the company announced changes in its key management personnel:

Ms. Savitri Yadav, the current Company Secretary and Compliance Officer, has submitted her resignation, effective November 30, 2025.
The Board of Directors has approved the appointment of Ms. Sucheta Chaturvedi as the new Company Secretary and Compliance Officer, effective December 1, 2025. Ms. Chaturvedi, a qualified Company Secretary (ACS No. 47964) with a B.Com and LLB background, brings over seven years of post-qualification experience in Company Secretarial functions.

Ongoing Legal Matters

The company's financial statements highlight several ongoing legal issues:

A dispute with Airports Authority of India (AAI) regarding lease rent for 18,000 Sq. Mtrs. of land for the Mumbai hotel. The disputed amount not provided in the books for Q2 FY2025 is Rs 543.00 lakhs, with a cumulative disputed amount of Rs 16,466.00 lakhs up to September 30, 2025.
Another claim by AAI amounting to Rs 80,705.00 lakhs (as of January 31, 2019) for rent and minimum guarantee fees for 11,000 sq. mtrs. of land in Mumbai. This liability is considered contingent based on legal opinion.
Ongoing arbitration and eviction proceedings related to these disputes.

Despite these challenges, the company's financial results have been prepared on a 'Going concern basis', reflecting management's confidence in favorable outcomes for these disputes.

Outlook

While the company faces significant headwinds, as evidenced by the quarterly loss and ongoing legal challenges, the management changes and the company's efforts to resolve disputes with AAI suggest a proactive approach to addressing its current difficulties. Investors and stakeholders will be keenly watching how these developments unfold in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-6.95%	-7.03%	-8.62%	-22.76%	-40.12%	+112.08%

HLV Limited , formerly known as Hotel Leelaventure Limited, has successfully concluded a long-standing legal battle with PBSAMP Projects Pvt. Ltd., marking a significant victory for the hospitality company. The dispute, which originated from a land sale transaction in Hyderabad, has been resolved in HLV's favor by the Supreme Court of India.

Background of the Dispute

The conflict stemmed from a Memorandum of Understanding (MoU) signed in April 2014 between HLV Limited and PBSAMP Projects. The agreement involved the sale of 3 acres and 28 guntas of land in Hyderabad for a total consideration of Rs. 85.00 crores. PBSAMP had advanced Rs. 15.50 crores to HLV as part of the deal.

Challenges and Legal Proceedings

HLV faced difficulties in completing the transaction due to its inability to settle balance claims and obtain necessary government permissions under the Urban Land Ceiling Act. This led PBSAMP to terminate the agreement and demand a refund with a 21% annual interest.

The dispute escalated to arbitration, resulting in an award of Rs. 35.00 crores against HLV. In compliance with the arbitral award, HLV paid Rs. 44.42 crores. However, PBSAMP challenged the execution court's order through the Telangana High Court, seeking additional compensation.

Supreme Court Verdict

In a pivotal decision, the Supreme Court of India has set aside the Telangana High Court's order and confirmed the execution court's decision. This ruling effectively means that no further amount is payable by HLV Limited to PBSAMP Projects.

Implications for HLV Limited

This legal victory brings closure to a protracted dispute that had financial implications for HLV Limited. The resolution of this case removes a significant liability from the company's books and provides clarity on its financial obligations related to this transaction.

Company's Disclosure

In compliance with regulatory requirements, HLV Limited has made the necessary disclosures to the stock exchanges. The company informed that the Supreme Court's judgment and order were passed, bringing an end to this long-standing litigation.

The resolution of this dispute marks a positive development for HLV Limited, potentially improving its financial position and removing uncertainties associated with the ongoing legal battle. Shareholders and investors may view this as a favorable outcome, as it eliminates a substantial contingent liability for the company.

As HLV Limited moves forward, this legal victory may allow the management to focus more on its core hospitality business operations without the distraction of this significant legal dispute.