Howard Hotels Limited held a Board of Directors meeting on May 27, 2026, which commenced at 3:00 PM and concluded at 4:00 PM. The meeting was conducted in compliance with Regulation 30 read with Schedule III, Regulation 33, and other applicable provisions of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The Board approved the Annual Audited Financial Results for the quarter and financial year ended March 31, 2026. The following documents were enclosed with the filing:

  • Auditors' Report on the Annual Audited Financial Results for FY26 issued by M/s. B G G & Associates, Chartered Accountants
  • Annual Audited Financial Results for the quarter and year ended March 31, 2026
  • Statement of Assets and Liabilities and Cash Flow Statement for FY26
  • Declaration of CFO regarding unmodified opinion on the Financial Results

Financial Performance Highlights (₹ in lakhs)

Quarter Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹440.86
  • Other Income: ₹12.18
  • Total Income: ₹453.04
  • Total Expenses: ₹399.04
  • Profit Before Tax: ₹54.00
  • Tax Expense: ₹11.37
  • Profit for the Quarter: ₹42.63
  • Other Comprehensive Income (net of tax): ₹3.82
  • Total Comprehensive Income: ₹46.45
  • Basic EPS: ₹0.47

Year Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹1,561.34
  • Other Income: ₹20.32
  • Total Income: ₹1,581.66
  • Total Expenses: ₹1,536.92
  • Profit Before Tax: ₹44.74
  • Tax Expense: ₹11.37
  • Profit for the Year: ₹33.37
  • Other Comprehensive Income (net of tax): ₹3.82
  • Total Comprehensive Income: ₹37.19
  • Basic EPS: ₹0.37

Comparative Performance (Year-over-Year):

  • FY26 Revenue: ₹1,561.34 lakhs vs FY25: ₹1,615.71 lakhs (3.4% decrease)
  • FY26 Net Profit: ₹33.37 lakhs vs FY25: ₹42.68 lakhs (21.8% decrease)
  • FY26 EPS: ₹0.37 vs FY25: ₹0.47 (21.3% decrease)

Balance Sheet Position as at March 31, 2026 (₹ in lakhs)

  • Paid-up Equity Share Capital: ₹911.32 (Face Value ₹10 each)
  • Other Equity: ₹274.74
  • Total Equity: ₹1,186.06
  • Total Assets: ₹1,844.69
  • Current Assets: ₹287.19 (including Inventories: ₹54.85, Trade Receivables: ₹18.65, Cash & Cash Equivalents: ₹97.43)
  • Non-current Liabilities: ₹383.25 (including Borrowings: ₹256.95, Deferred Tax Liabilities: ₹101.22)
  • Current Liabilities: ₹275.38 (including Borrowings: ₹68.12, Trade Payables: ₹13.69)

Cash Flow Statement for FY26 (₹ in lakhs)

  • Net Cash from Operating Activities: ₹203.86
  • Net Cash Used in Investing Activities: ₹(34.65)
  • Net Cash from Financing Activities: ₹(167.93)
  • Net Increase in Cash & Equivalents: ₹1.28
  • Cash & Equivalents at Year-end: ₹97.43 (Cash on hand: ₹2.50, Bank balances: ₹94.93)

CFO Declaration

Shrikant Mittal, Chief Financial Officer, submitted a declaration pursuant to Regulation 33(3)(d) of SEBI Listing Regulations, confirming that the statutory auditors issued an audit report with unmodified opinion on the audited financial results for FY26.

Additional Notes

1. The company operates only in the hoteliering business, hence segment-wise disclosure as per IND AS-108 is not applicable

2. The figures for the quarter ended March 31, 2026, are balancing figures between audited full-year figures and published year-to-date figures up to the third quarter

3. The results were prepared in accordance with Indian Accounting Standards (Ind-AS)

4. Corresponding previous period figures have been regrouped/reclassified for comparability