CHL Limited submitted its unaudited financial results for the first quarter ended 30th June 2026, approved by the Board of Directors in a meeting held on 30.07.2026. The submission includes both standalone and consolidated results along with limited review reports, pursuant to SEBI Listing Regulations.

Standalone Financial Performance (Q1 FY27)

  • Revenue from Operations: ₹2,124.03 lakhs (compared to ₹1,971.05 lakhs in Q1 FY26 and ₹2,697.41 lakhs in Q4 FY26)
  • Other Income: ₹326.74 lakhs (including rentals)
  • Total Income: ₹2,450.77 lakhs
  • Total Expenses: ₹2,113.96 lakhs (including employee benefits of ₹651.91 lakhs, operational expenses of ₹1,081.35 lakhs, and depreciation of ₹99.34 lakhs)
  • Profit Before Tax: ₹405.25 lakhs
  • Tax Expense: ₹105.59 lakhs (current tax) and ₹5.26 lakhs (deferred tax)
  • Net Profit: ₹294.40 lakhs
  • EPS (Basic & Diluted): ₹0.54
  • Paid-up Equity Share Capital: ₹1,096.37 lakhs (face value ₹2 per share)

Consolidated Financial Performance (Q1 FY27)

  • Revenue from Operations: ₹3,475.79 lakhs
  • Other Income: ₹1,494.08 lakhs
  • Total Income: ₹4,969.86 lakhs
  • Total Expenses: ₹3,845.22 lakhs
  • Profit Before Tax: ₹1,124.65 lakhs
  • Tax Expense: ₹330.06 lakhs (current tax) and ₹21.08 lakhs (deferred tax)
  • Net Profit: ₹1,013.80 lakhs
  • Other Comprehensive Income: ₹3,692.84 lakhs (including revaluation surplus of fixed assets)
  • Total Comprehensive Income: ₹4,606.64 lakhs
  • EPS (Basic & Diluted): ₹8.40
  • Minority Interest: ₹4,422.21 lakhs
  • Reserves excluding revaluation reserve: ₹36,643.64 lakhs

Legal and Contingent Matters

  • CJSC CHL International, a subsidiary, had a term loan of USD 32.50 million from EXIM Bank for constructing a five-star hotel in Dushanbe, Tajikistan. CHL Limited and Late Dr. L K Malhotra provided corporate and personal guarantees.
  • EXIM Bank filed an application before NCLT, Delhi against CHL Limited, which was dismissed and upheld by NCLAT. EXIM Bank challenged this in the Supreme Court (Civil Appeal No. 1671 of 2019), pending adjudication.
  • EXIM Bank also filed an original application before Debt Recovery Tribunal-III, New Delhi, claiming USD 44,611,207 with interest, pending adjudication (next hearing on 18th August 2026).
  • A One Time Settlement (OTS) was executed between EXIM Bank, the principal borrower, and guarantors, crystallizing the liability at USD 34 million (letter dated 29th May 2026). The OTS is under execution as of 30th June 2026.

Subsidiary Performance (CJSC CHL International)

  • Recognized foreign exchange gains of ₹11.40 crore due to appreciation of Tajikistani Somoni against USD, reducing foreign currency liabilities. This gain is classified as non-operating income with no cash flow impact.
  • Recognized foreign currency fluctuation of ₹35.92 crore during Q1 FY27 under OCI-Foreign Currency Translation Reserves, as per Ind AS-21.
  • Total assets of the subsidiary as of 30th June 2026: ₹856.82 crores (including revalued building of ₹525.28 crores).
  • Total revenue for Q1 FY27: ₹25.19 crores (including non-operative income of ₹11.41 crores).
  • Total comprehensive income for Q1 FY27: ₹43.12 crores (including foreign currency translation gain of ₹35.93 crores).

Auditor's Emphasis

  • D G A & Co., Chartered Accountants, issued limited review reports for both standalone and consolidated results.
  • Emphasis on Note No. 5 regarding the EXIM Bank loan guarantee litigation, pending in Supreme Court and DRT. The OTS liability is crystallized at USD 34 million, and settlement is under implementation.
  • The auditor's conclusion is not modified based on these matters.

Additional Notes

  • The company operates in one segment only, with no separate reportable segments as per Ind AS-108.
  • Figures are regrouped/rearranged wherever necessary.
  • The audit committee reviewed the results before board approval.