HLV LimitedQ2 FY27 Results & Financial Update

HLV Limited: Q2 FY27 standalone results and company financials – revenue ₹45.78 Cr, PAT ₹-6.99 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: HLVLTDPublished 30 Oct 2026Updated 30 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹45.78 CrReported Q2 FY27
Profit after tax₹-6.99 CrReported Q2 FY27
Sequential change-796.2%Quarter-on-quarter

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Quarterly Results AnalysisExplore HLV Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

HLV Limited reported standalone revenue from operations of INR 45.78 crore for the quarter ended September 30, 2026, marking a slight contraction of about 1.93% compared to INR 46.68 crore in the preceding quarter (Q1 FY27).

02

Total income for Q2 FY27 stood at INR 49.32 crore, supported by INR 3.54 crore of other income, which grew by approximately 8.26% sequentially over the INR 3.27 crore recorded in Q1 FY27.

03

The company registered a net loss (PAT) of INR 6.99 crore for the quarter under review, remaining virtually flat compared to the net loss of INR 0.78 crore reported in the June 2026 quarter due to elevated provisions and expenses.

04

Basic and diluted earnings per share (EPS) for the standalone entity remained negative at INR -0.11 for Q2 FY27, compared to INR -0.01 in the preceding quarter.

05

Depreciation and amortisation expenses for the quarter expanded to INR 6.30 crore compared to INR 4.57 crore in Q1 FY27, reflecting asset base adjustments.

06

Finance costs remained relatively stable at INR 0.61 crore during Q2 FY27 compared to INR 0.64 crore in the previous quarter, while tax outlays remained nil.

07

For the quarter ended September 30, 2026 (Q2 FY27), HLV Limited reported standalone revenue from operations of INR 45.78 crore, alongside total income of INR 49.32 crore which included other income of INR 3.54 crore and interest income of INR 5.72 crore.

08

The company incurred a net loss (PAT) of INR 6.99 crore for the quarter, translating to a basic and diluted earnings per share (EPS) of INR -0.11.

01 · Business model

What does HLV do?

HLV Limited operates in the hospitality sector, owning and managing hotel properties that cater to business and leisure travellers.

The company's core revenue streams are derived from room rentals, food and beverage sales, and related hospitality services offered at its properties.

Its economic model depends heavily on sustained occupancy rates, average daily room rates, and disciplined control over fixed overheads and operating costs.

02 · Financial snapshot

Current quarter vs the available comparable

MetricQ2 FY27Previous quarter
Revenue from operations₹45.78 Cr₹46.68 Cr
Total income₹49.32 Cr₹49.95 Cr
Profit before tax₹-6.99 Cr₹-0.78 Cr
Profit after tax₹-6.99 Cr₹-0.78 Cr
EPS₹-0.11₹-0.01

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented -15.3% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to -15.3% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹3.54 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Standalone Revenue

Standalone revenue from operations reached INR 45.78 crore in Q2 FY27, dipping marginally by 1.93% quarter-on-quarter from INR 46.68 crore.

Other Income Contribution

Other income contributed INR 3.54 crore to the top line during the quarter, increasing 8.26% sequentially from INR 3.27 crore in Q1 FY27, bringing total income to INR 49.32 crore.

Standalone Revenue Stream

Revenue from operations for Q2 FY27 stood at INR 45.78 crore, reflecting core hospitality and lodging activities.

Total Income Components

Total income reached INR 49.32 crore, supported by INR 3.54 crore in other income and INR 5.72 crore in reported interest income.

What drove margins

Depreciation Expansion

Depreciation and amortisation expenses increased to INR 6.30 crore in Q2 FY27 compared to INR 4.57 crore in the previous quarter.

Finance Cost Control

Finance costs were contained at INR 0.61 crore for the quarter, down slightly from INR 0.64 crore in Q1 FY27.

Depreciation and Finance Charges

Depreciation and amortisation expense was recorded at INR 6.30 crore, while finance costs stood at INR 0.61 crore for the quarter.

04 · Reported developments

What changed operationally

Sequential Growth in Other Income

Other income improved to INR 3.54 crore in Q2 FY27, representing an 8.26% increase over the INR 3.27 crore reported in Q1 FY27.

05 · Pressure points & risks

What is not going smoothly

Continued Net Losses

The company incurred a standalone net loss of INR 6.99 crore in Q2 FY27, accompanied by provisions of INR 3.99 crore during the period.

06 · Items worth noticing

The line items that can distort a quick read

Quarterly Provisions

The company recorded provisions of INR 3.99 crore during Q2 FY27.

Quarterly Provisions

The company reported provisions of INR 3.99 crore during the quarter ended September 30, 2026.

07 · Beyond the numbers

What changed beyond the numbers

Reported update

Provisions Recorded

The standalone financial results for Q2 FY27 include provisions amounting to INR 3.99 crore.

Reported update

Standalone Financial Filing

The financial results for Q2 FY27 were submitted as a standalone filing through official exchange channels, detailing unadjusted quarterly performance metrics.

08 · Previous-quarter changes

What changed since the previous quarter

Sequential Revenue Movement

Revenue from operations moved from INR 46.68 crore in Q1 FY27 to INR 45.78 crore in Q2 FY27.

Sequential Revenue Movement

Revenue from operations decreased by 1.93% sequentially from INR 46.68 crore in Q1 FY27 to INR 45.78 crore in Q2 FY27.

Sequential Profitability Shift

Net loss widened from INR 0.78 crore in Q1 FY27 to INR 6.99 crore in Q2 FY27.

09 · Key Q&A

The quarter, answered directly

What does HLV do?

HLV Limited operates in the hospitality sector, owning and managing hotel properties that cater to business and leisure travellers.

What is the clearest takeaway from Q2 FY27?

HLV Limited reported standalone revenue from operations of INR 45.78 crore for the quarter ended September 30, 2026, marking a slight contraction of about 1.93% compared to INR 46.68 crore in the preceding quarter (Q1 FY27).

What drove revenue or demand?

Standalone revenue from operations reached INR 45.78 crore in Q2 FY27, dipping marginally by 1.93% quarter-on-quarter from INR 46.68 crore.

What mattered most for margins or profitability?

Depreciation and amortisation expenses increased to INR 6.30 crore in Q2 FY27 compared to INR 4.57 crore in the previous quarter.

What changed operationally beyond the headline numbers?

The standalone financial results for Q2 FY27 include provisions amounting to INR 3.99 crore.

What are the main pressure points disclosed for the quarter?

The company incurred a standalone net loss of INR 6.99 crore in Q2 FY27, accompanied by provisions of INR 3.99 crore during the period.

10 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

11 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Operational Turnaround: Track future quarterly filings to monitor whether core operating revenue can scale past operational expenses and provisions to achieve net profitability.

  2. 02

    Subsequent Quarter Financial Disclosures: Track future quarterly financial filings to evaluate occupancy recovery, revenue trajectories, and bottom-line stability.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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