Integrated Filing — IndAS



General information about company
Scrip Code 533227
NSE Symbol AHLEAST
MSEI Symbol NOTLISTED
ISIN INE926K01017
Name of company Asian Hotels (East) Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 09-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Hotel Business
Start date and time of board meeting 30-May-2025   18:30:00
End date and time of board meeting 30-May-2025   21:10:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 349652000 1130228000
Other income 106836000 410442000
Total income 456488000 1540670000
2 Expenses
(a) Cost of materials consumed 40956000 148083000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 54589000 233145000
(e) Finance costs 91752000 395295000
(f) Depreciation, depletion and amortisation expense 9772000 38251000
(f) Other Expenses
1 Fuel, Power & Light 15202000 69804000
2 Repairs, Maintenance & Refurbishing 15101000 53260000
3 Operating and General Expenses 82339000 330999000
Total other expenses 112642000 454063000
Total expenses 309711000 1268837000
3 Total profit before exceptional items and tax 146777000 271833000
4 Exceptional items 0 0
5 Total profit before tax 146777000 271833000
6 Tax expense
7 Current tax 41614000 90428000
8 Deferred tax 4609000 6202000
9 Total tax expenses 46223000 96630000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 100554000 175203000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 100554000 175203000
17 Other comprehensive income net of taxes 935000 846000
18 Total Comprehensive Income for the period 101489000 176049000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 100554000 175203000
Total profit or loss, attributable to non-controlling interests 0 0
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 101489000 176049000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
21 Details of equity share capital
Paid-up equity share capital 172917000 172917000
Face value of equity share capital 0 0
27 Details of debt securities
22 Reserves excluding revaluation reserve 2262773000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 5.82 10.13
Diluted earnings (loss) per share from continuing operations 5.82 10.13
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 5.82 10.13
Diluted earnings (loss) per share from continuing and discontinued operations 5.82 10.13
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 1166574000
Capital work-in-progress 29160000
Investment property 0
Goodwill 621306000
Other intangible assets 557000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 0
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 3795000
Total non-current financial assets 3795000
Deferred tax assets (net) 45384000
Other non-current assets 3943523000
Total non-current assets 5810299000
2 Current assets
Inventories 13908000
Current financial asset
Current investments 34366000
Trade receivables, current 68759000
Cash and cash equivalents 19947000
Bank balance other than cash and cash equivalents 33871000
Loans, current 0
Other current financial assets 623684000
Total current financial assets 780627000
Current tax assets (net) 0
Other current assets 84687000
Total current assets 879222000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 6689521000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 172917000
Other equity 2262773000
Total equity attributable to owners of parent 2435690000
Non controlling interest 0
Total equity 2435690000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1419659000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 10915000
Total non-current financial liabilities 1430574000
Provisions, non-current 10684000
Deferred tax liabilities (net) 127949000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 1569207000
Current liabilities
Current financial liabilities
Borrowings, current 1876311000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 7185000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 92642000
Total Trade payable 99827000
Other current financial liabilities 598444000
Total current financial liabilities 2574582000
Other current liabilities 85126000
Provisions, current 24916000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 2684624000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 4253831000
Total equity and liabilites 6689521000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of defined benefit liability 1249000 1130000
Total Amount of items that will not be reclassified to profit and loss 1249000 1130000
2 Income tax relating to items that will not be reclassified to profit or loss 314000 284000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 935000 846000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 271833000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 395980000
Adjustments for decrease (increase) in inventories 1411000
Adjustments for decrease (increase) in trade receivables, current 30090000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 110000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current -165210000
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -38334000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 38251000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 2568000
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 400962000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -348000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -6174000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -142618000
Net cash flows from (used in) operations 129215000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 124702000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 4513000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 243000
Purchase of property, plant and equipment 108660000
Proceeds from sales of investment property 189906000
Purchase of investment property 219425000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties -31965000
Cash receipts from repayment of advances and loans made to other parties 179553000
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 22239000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities 95821000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 201710000
Repayments of borrowings 90031000
Payments of lease liabilities 0
Dividends paid 43278000
Interest paid 160444000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -92043000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 8291000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 8291000
Cash and cash equivalents cash flow statement at beginning of period 11568000
Cash and cash equivalents cash flow statement at end of period 19859000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s Singhi & Co. Yes 31-Aug-2025


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 1540670000 1540670000
2 Total Expenditure 1268837000 1268837000
3 Net Profit/(Loss) 271833000 271833000
4 Earnings Per Share 10.13 10.13
5 Total Assets 6689521000 6689521000
6 Total Liabilities 4253831000 4253831000
7 Net Worth 2435690000 2435690000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Whether appeared first time Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) As disclosed in note 7 to the accompanying standalone financial results, an order dated November 2, 2024 (the Order) was issued by the Government of Odisha through the General Administration and Public Grievance Department, citing non-compliance by GJS Hotels Limited, a wholly owned subsidiary (the subsidiary) with certain terms and conditions of the lease deed. Pursuant to this Order, the subsidiary was directed to vacate the property located in Odisha and the performance bank guarantee of Rs. 350 lakhs, furnished by the Company, was forfeited. The subsidiary of the Company, has filed a writ petition before the Honble High Court of Orissa challenging the said Order. As at March 31, 2025, the subsidiarys investments in the said asset along with capital work in progress amounts to Rs. 776.26 lakhs. The events and circumstances as described above, including the surrender of the property to the government, forfeiture of the bank guarantee, and the financial position of the subsidiary, raise significant doubt regarding the recoverability of subsidiarys investments in the said asset along with capital work in progress. However, no provision for impairment has been recognized in respect of these exposures in the financial statements, which, in our opinion, is not in accordance with the requirements of Indian Accounting Standard (Ind AS) 36 Impairment of Assets. n
Textual Information(2) Not Applicable
Textual Information(3) Estimation not ascertainable as explained in Point (ii) below.
Textual Information(4) The management is confident that the Company has so far well represented before the Honble High Court of Orissa, Cuttack. The Honble High Court, vide its interim order dated 13th November 2024, granted a stay on the operation of the aforesaid order dated 2nd November 2024. The stay continues to be in effect as of the date of approval of the financial results, and the next date of hearing is yet to be listed by the Honble Court. Considering the aforesaid stay order and the case at large, the Company of having a positive and favourable outcome in the matter.
Textual Information(5) Same as mentioned in Point II (a) above.


Signatories detail
Name of CEO / Managing director Umesh Saraf
Name of CFO Bimal Kr Jhunjhunwala
Name of audit committee chairman Shourya Sengupta
Name of statutory auditor M L Shukla
Name of other signatory, if any, with designation
Place Kolkata
Date 30-May-2025