HLV Limited Reports 18.2% Revenue Decline and Net Loss in Q1 FY2026 Aug 11, 2025
More news about HLV
09Aug 25
HLV Limited Reports Net Loss in Q1 Amid Revenue Decline and Ongoing Legal Challenges
HLV Limited, operator of The Leela Mumbai, reported a net loss of Rs 347.00 lakhs in Q1, compared to a profit of Rs 162.00 lakhs in the same quarter last year. Total income decreased by 8.6% to Rs 4,397.00 lakhs. EBITDA declined by 73% to Rs 151.51 lakhs. The company faces ongoing legal challenges with the Airports Authority of India regarding lease rentals and eviction proceedings for its Mumbai property. Despite these issues, management continues to prepare financial results on a going concern basis, confident of favorable resolutions in disputes with AAI.
23Jul 25
HLV Limited's Legal Battle with Airports Authority of India Continues as Supreme Court Disposes of Special Leave Petitions
The Supreme Court disposed of HLV Limited's Special Leave Petitions against a Bombay High Court judgment regarding lease termination and rent disputes with the Airports Authority of India (AAI). The court allowed proceedings to continue before the adjudicating authority under the AAI Act. The dispute involves lease termination, eviction proceedings, and increased rent for HLV's Mumbai hotel. AAI is seeking to recover arrears of Rs. 39.80 crores and has increased lease rent, amounting to Rs. 11,950.00 lakhs up to June 30, 2023. The outcome of these proceedings will significantly impact HLV Limited's operations and financial position.
22May 25
HLV Reports Marginal Increase in Q4 Net Profit
HLV Limited's Q4 results show a 2.88% increase in net profit to ₹107.00 crore, despite a 0.67% decrease in revenue to ₹593.00 crore compared to the same period last year. The company's ability to improve profitability while facing a minor revenue decline suggests potential enhancements in operational efficiency or cost management.