Standalone Financial Results (₹ in Lakhs)
- Total Income: ₹9,173.97
- Total Expenses: ₹221.67 (Employee benefits: ₹176.37, Finance costs: ₹4.89, Other expenses: ₹40.41)
- Profit before exceptional items: ₹8,952.30
- Exceptional items: Nil
- Profit before tax: ₹8,952.30
- Tax expense: ₹(2.34) (Deferred tax: ₹(2.34))
- Net Profit for the period: ₹8,954.64
- Other Comprehensive Income: ₹9.31
- Total Comprehensive Income: ₹8,961.61
- Paid-up equity share capital: ₹5,394.29 (Face value ₹10 per share)
- Earnings Per Share (Basic & Diluted): ₹16.60 (not annualized)
Consolidated Financial Results (₹ in Lakhs)
- Revenue from operations: ₹80,516.20
- Other income: ₹2,175.70
- Total income: ₹82,691.90
- Total expenses: ₹71,422.50 (Food and beverages: ₹630.90, Other operating: ₹14,496.70, Employee benefits: ₹16,560.90, Depreciation: ₹703.74, Finance costs: ₹10,151.30, Impairment: ₹34.01, Other expenses: ₹16,527.10)
- Profit before exceptional items: ₹11,260.40
- Exceptional items: Nil
- Share of profit from joint venture: ₹10.20
- Profit before tax: ₹11,371.40
- Tax expense: ₹462.64 (Current tax: ₹218.83, Short provision: ₹(7.53), Deferred tax: ₹251.34)
- Net Profit for the period: ₹674.50
- Other Comprehensive Income: ₹39.81
- Total Comprehensive Income: ₹714.31
- Equity Share Capital: ₹5,394.29
- Earnings Per Share (Basic & Diluted): ₹1.14 (not annualized)
Key Operational Highlights
1. Scheme of Arrangement: The National Company Law Tribunal (NCLT) approved the scheme of arrangement between Advent Hotels International Ltd and Valor Estate Ltd for demerger of hospitality business into the company. The scheme was approved on 12th June 2025 with appointed date of 1st April 2025. The business combination has been accounted for using pooling of interests method from the date of incorporation (15th November, 2006).
2. Land Sale Transaction: On 4th June 2026, the company executed a conveyance deed transferring land measuring 21,978.22 sq. meters at Village Sahar, Taluka Andheri, Mumbai Suburban District to its wholly owned subsidiary Advent Convention And Hotels International Private Limited for ₹27,500.00 lakhs (₹275.00 crores), resulting in profit on sale of ₹19,003.37 lakhs (₹190.03 crores).
3. Subsequent Events:
- On 1st July 2026, the company acquired 10,95,000 9% Non-Cumulative Redeemable Preference Shares (Face Value ₹100 each) of BD and P Hotels (India) Private Limited for ₹1,095.00 lakhs (₹10.95 crores).
- On 3rd July 2026, an investment agreement was executed among the company, ACHIL, and Prestige Estates Projects Limited for Prestige Estates to acquire 50% equity stake in ACHIL for ₹50,400.00 lakhs (₹504.00 crores).
4. Management Fee Income: ₹170.37 lakhs for the quarter ended June 30, 2026, representing reimbursement of employee and administrative costs incurred on behalf of subsidiaries.
5. Assets Held for Sale: The company's investment in and loan to Bamboo Hotel & Global Centre (Delhi) Private Limited continues to be classified as 'Assets Held for Sale' under Ind AS 105. Borrowings of ₹1,65,559.29 lakhs proposed to be adjusted against the transfer continue to be classified under Other Current Financial Liabilities.
6. Borrowing Novation: Effective 4th June 2026, an external borrowing of ₹6,000.00 lakhs along with accrued interest was novated to subsidiary ACHIL.
Regulatory and Compliance Matters
The financial results have been reviewed by the statutory auditors, Mehta Chokshi & Shah LLP, who issued an unmodified review conclusion. The company is primarily engaged in hospitality business, constituting a single reportable segment.
Contingent Liabilities
The group is contesting certain regulatory and tax demands aggregating approximately ₹3,030.51 lakhs, for which no provision has been made as management believes these claims are not tenable:
- Goan Hotels & Realty Private Limited: Income tax demands ₹1,112.88 lakhs (pending before ITAT), GST demands ₹1,463.28 lakhs
- BD & P Hotels (India) Private Limited: Income tax demand ₹454.35 lakhs (pending before CIT)