HLV Limited has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a net loss of ₹699 lakhs for the second quarter and a net loss of ₹777 lakhs for the six-month period. The financial results also highlight significant contingent liabilities, particularly related to disputes with Airports Authority of India (AAI), amounting to ₹80,705 lakhs as of January 31, 2019.
HLV Limited Announces Q2 FY27 Financial Results
HLV Limited has released its unaudited financial results for the quarter and six months ended September 30, 2026. The Board of Directors approved these results at a meeting held on October 30, 2026.
Financial Performance
For the second quarter of the financial year 2026-27, HLV Limited reported a net loss of ₹699 lakhs. This follows a net loss of ₹78 lakhs in the corresponding quarter of the previous year. The total comprehensive income for the quarter was a loss of ₹672 lakhs.
For the six-month period ended September 30, 2026, the company posted a net loss of ₹777 lakhs, compared to a loss of ₹992 lakhs in the same period last year. The total comprehensive income for the six-month period was a loss of ₹723 lakhs.
Key Disclosures and Contingent Liabilities
The company’s financial results draw attention to several significant matters. Note 5(a) details disputes with Airports Authority of India (AAI) regarding lease rent for hotel land in Mumbai, with a disputed amount of ₹584 lakhs for the quarter and ₹18,719 lakhs cumulatively up to September 30, 2026. Additionally, Note 5(b) mentions a demand from AAI for rent and minimum guarantee fees amounting to ₹80,705 lakhs as of January 31, 2019, which the company disputes as contingent in nature.
Note 6 indicates that the financial results have been prepared on a ‘going concern basis,’ assuming favorable outcomes in disputes with AAI and the renewal of leases. The company has accumulated losses from previous years, thus no provision for taxes has been made.
Balance Sheet Highlights
As of September 30, 2026, HLV Limited’s total assets stood at ₹64,022 lakhs. The company’s equity share capital remained stable at ₹13,185 lakhs, while other equity stood at ₹33,196 lakhs. Total liabilities were ₹46,381 lakhs.
Cash Flow Statement
The cash flow statement for the year ended September 30, 2026, shows a net cash outflow from operating activities of ₹813 lakhs. Investing activities resulted in a net cash outflow of ₹181 lakhs, while financing activities saw a net cash outflow of ₹624 lakhs. The net change in cash and cash equivalents for the period was an increase of ₹356 lakhs.
Source: BSE
