Sri Havisha Hospitality released Q1 FY2025 results, showing a 3.74% increase in revenue from operations to ₹278.82 lakhs, but a widened net loss of ₹178.28 lakhs. The company faces financial stress with multiple banks issuing recovery notices and announcing e-auctions for defaulted loans. Corporate governance updates include the re-appointment of an Independent Director, appointment of Secretarial Auditors, and issuance of a duplicate share certificate.
11Aug 25
Sri Havisha Hospitality Reports Q1 Loss of Rs 178.28 Crore, Schedules AGM for September
Sri Havisha Hospital reported a net loss of Rs 178.28 crore for Q1 ended June 30, compared to Rs 167.51 crore loss in the same period last year. Total income slightly decreased to Rs 306.70 crore from Rs 307.74 crore. The company's finance costs increased to Rs 117.94 crore, including a significant lease liability interest. The board scheduled the 32nd AGM for September 20, with agenda items including director re-appointments and approval of related party transactions. The company also made a payment under protest to TGSPDCL for a disputed electricity-related matter currently in court.