Howard Hotels Limited has released its unaudited financial results for the quarter and half-year ended September 30, 2025, following a board meeting held on November 12, 2025. The company's board has approved the limited review report issued by statutory auditors BGG Associates, along with the unaudited financial results, statement of assets and liabilities, and cash flow statement.

Key Financial Highlights

All figures in Rs. lacs

Auditor's Qualified Conclusion

The statutory auditors, BGG Associates, have issued a qualified conclusion in their limited review report. The qualification pertains to the company's practice of not making provisions for deferred tax for the quarter and half-year ended September 30, 2025. Howard Hotels reportedly makes deferred tax provisions only at the end of the financial year.

The auditors stated that they were unable to ascertain the impact of this qualification on the quarterly and half-yearly results. This practice raises questions about the completeness of the financial picture presented in these interim results.

Board Meeting Details

The board meeting, which commenced at 2:00 PM and concluded at 3:15 PM on November 12, 2025, addressed several key points:

1. Approval of the limited review report on unaudited financial results
2. Approval of unaudited financial results for Q2 and H1 FY2026
3. Approval of the statement of assets and liabilities as of September 30, 2025
4. Approval of the cash flow statement for the half-year ended September 30, 2025

Transparency and Compliance

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Howard Hotels Limited has made the financial results available on its website ( www.howardhotelsltd.com ) and on the BSE website ( www.bseindia.com ). This move ensures transparency and easy access to financial information for stakeholders and potential investors.

Conclusion

While Howard Hotels Limited has released its Q2 FY2026 results, the qualified conclusion from the auditors regarding deferred tax provisions warrants attention. Investors and analysts may need to consider this qualification when assessing the company's financial position and performance for the period.

As the hospitality sector continues to evolve, stakeholders will likely keep a close eye on Howard Hotels Limited's financial strategies and their impact on the company's overall fiscal health.

Howard Hotels Limited has announced its unaudited financial results for the first quarter of the fiscal year 2026, ending June 30, 2025. The company reported a mixed performance with revenue growth but a decline in profitability.

Financial Highlights

• Revenue from operations increased to Rs 3.18 crore, up from Rs 3.07 crore in the previous quarter.
• Total income rose to Rs 3.22 crore, compared to Rs 3.09 crore in the prior quarter.
• Profit for the quarter stood at Rs 46.53 lakh, down from Rs 76.98 lakh in the previous quarter.
• Basic earnings per share decreased to Rs 0.51 from Rs 0.84 in the prior quarter.

Key Financial Metrics

Board Approval and Auditor's Review

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on July 26, 2025. The statutory auditors, M/s B G G & Associates, conducted a limited review of the results.

Auditor's Observation

The auditors noted that the provision for deferred tax has not been made for the quarter ended June 30, 2025, as the company typically makes this provision at the end of the financial year.

Management Commentary

Nirvikar Nath Mittal, Whole-Time Director of Howard Hotels Limited, signed off on the financial results. The company's management did not provide specific comments on the performance or outlook in the available information.

About Howard Hotels Limited

Howard Hotels Limited operates in the hospitality sector, with its corporate office located at Hotel Howard Plaza, Fatehabad Road, Agra.

The financial results demonstrate Howard Hotels' ability to grow its revenue in a challenging environment. However, the decline in profitability may warrant attention from investors and analysts. As the hospitality industry continues to navigate post-pandemic recovery, Howard Hotels' performance in the coming quarters will be closely watched by stakeholders.