HLV Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported total income of ₹6,766 lakhs for the final quarter. Despite ongoing legal disputes with the Airport Authority of India (AAI) regarding lease terms, the company continues its operations on a going concern basis and has appointed a new internal auditor for the upcoming fiscal year.
Financial Performance Overview
For the fourth quarter ended March 31, 2026, HLV Limited generated a total income of ₹6,766 lakhs, with a net profit of ₹860 lakhs. On an annual basis, the company reported a total income of ₹21,427 lakhs for the full financial year ending March 31, 2026, resulting in a net profit of ₹208 lakhs. Earnings per share for the year stood at ₹0.03.
Strategic Developments
The Board of Directors has appointed M/s. Murali & Venkat, Chartered Accountants, as the internal auditor for the company for the 2026-27 financial year. The firm brings over 34 years of experience in providing audit services to both the public and private sectors.
Operational Challenges and Outlook
The company continues to face legal challenges regarding lease rentals and eviction proceedings initiated by the Airport Authority of India (AAI). Disputed amounts related to lease rent enhancements have reached ₹17,552 lakhs cumulatively, while additional claims regarding land in Mumbai total ₹80,705 lakhs. Management maintains that these liabilities are contingent in nature and is actively pursuing favorable settlements and lease renewals to ensure business continuity.
Impact of Regulatory Changes
The annual financial results include a one-time impact of ₹303 lakhs related to new national labor codes, which became effective during the year. This impact includes ₹191 lakhs recognized during the third quarter and ₹112 lakhs attributed to unutilized GST input credit. The company remains committed to monitoring regulatory updates to ensure full compliance.
Source: BSE
