Integrated Filing — IndAS



General information about company
Scrip Code 500193
NSE Symbol HLVLTD
MSEI Symbol NOTLISTED
ISIN INE102A01024
Name of company HLV 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 22-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-Apr-2025
Description of presentation currency INR (in Actuals)
Reporting Type Half Yearly
Reporting Quarter Yearly
Nature of report standalone or consolidated Standalone
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 Hoteliening
Start date and time of board meeting 22-May-2025   12:30:00
End date and time of board meeting 22-May-2025   14:12:00
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 Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-02-11
Indicate Company website link for updated RPT policy of the Company https://www.hlvltd.com/investor_relation.html
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The company has not defaulted on any loans or debt securities so the disclosure is not applicable



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-Oct-2024 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 Standalone Standalone
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 592600000 2033100000
Other income 41900000 150900000
Total income 634500000 2184000000
2 Expenses
(a) Cost of materials consumed 39400000 149200000
(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 148800000 593900000
(e) Finance costs 5800000 22300000
(f) Depreciation, depletion and amortisation expense 42500000 156400000
(f) Other Expenses
1 Other Expenditure 275600000 1009100000
Total other expenses 275600000 1009100000
Total expenses 512100000 1930900000
3 Total profit before exceptional items and tax 122400000 253100000
4 Exceptional items -15000000 8200000
5 Total profit before tax 107400000 261300000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 0 0
9 Total tax expenses 0 0
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 107400000 261300000
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 107400000 261300000
17 Other comprehensive income net of taxes -21000000 -16900000
18 Total Comprehensive Income for the period 86400000 244400000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1318500000 1318500000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 2449700000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.16 0.4
Diluted earnings (loss) per share from continuing operations 0.16 0.4
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 0.16 0.4
Diluted earnings (loss) per share from continuing and discontinued operations 0.16 0.4
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
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 Standalone
Assets
1 Non-current assets
Property, plant and equipment 2558300000
Capital work-in-progress 104000000
Investment property 398600000
Goodwill 0
Other intangible assets 219500000
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 152500000
Other non-current financial assets 287000000
Total non-current financial assets 439500000
Deferred tax assets (net) 100400000
Other non-current assets 184500000
Total non-current assets 4004800000
2 Current assets
Inventories 82600000
Current financial asset
Current investments 0
Trade receivables, current 123900000
Cash and cash equivalents 595900000
Bank balance other than cash and cash equivalents 787300000
Loans, current 0
Other current financial assets 217600000
Total current financial assets 1724700000
Current tax assets (net) 0
Other current assets 503600000
Total current assets 2310900000
3 Non-current assets classified as held for sale 1400000
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 6317100000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1318500000
Other equity 3360100000
Total equity attributable to owners of parent 4678600000
Non controlling interest
Total equity 4678600000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 50000000
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 206600000
Total non-current financial liabilities 256600000
Provisions, non-current 76200000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 332800000
Current liabilities
Current financial liabilities
Borrowings, current 131900000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 6200000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 944800000
Total Trade payable 951000000
Other current financial liabilities 109600000
Total current financial liabilities 1192500000
Other current liabilities 72700000
Provisions, current 35500000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 1300700000
3 Liabilities directly associated with assets in disposal group classified as held for sale 5000000
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 1638500000
Total equity and liabilites 6317100000
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-Oct-2024 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 Standalone Standalone
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-Oct-2024 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 Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of defined benefit plan -21000000 -16900000
2 Gain / Losses on financial assets to fair value 0 0
Total Amount of items that will not be reclassified to profit and loss -21000000 -16900000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
3 Amount of items that will be reclassified to profit and loss
1 Item that will be reclassified to profit and losses 0 0
Total Amount of items that will be reclassified to profit and loss 0 0
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -21000000 -16900000



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 Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 261300000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 22300000
Adjustments for decrease (increase) in inventories -5500000
Adjustments for decrease (increase) in trade receivables, current 25400000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -96200000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -40200000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 191000000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -8300000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 156400000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 18400000
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 100800000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
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) -8200000
Other adjustments for non-cash items -31600000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 122700000
Net cash flows from (used in) operations 384000000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 46800000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 337200000
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 0
Purchase of property, plant and equipment 109900000
Proceeds from sales of investment property 0
Purchase of investment property 0
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 42500000
Cash receipts from repayment of advances and loans made to other parties 0
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 89800000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 284200000
Net cash flows from (used in) investing activities 221600000
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 168800000
Repayments of borrowings 102800000
Payments of lease liabilities 51500000
Dividends paid 0
Interest paid 2700000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 11800000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 570600000
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 570600000
Cash and cash equivalents cash flow statement at beginning of period 25300000
Cash and cash equivalents cash flow statement at end of period 595900000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's 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 Yes
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 N S SHETTY AND CO Yes 30-Sep-2027


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 HLV Limited Leela Lace Holding Private Limited Promoter Groups Any other transaction Royalty and Lease Rent Expenses 50273000 Approved 50273000 -29124000 -22441000
2 HLV Limited Leela Lace Holding Private Limited Promoter Groups Any other transaction Lease Deposit Given 27683000 Approved 27683000 300000000 327683000
3 HLV Limited Leela Fashions Limited Promoter Groups Any other transaction Income from rental and related services 5629000 Approved 5629000 4042000 3516000
4 HLV Limited LSL Holding Private Limited Promoter Groups Purchase of goods or services 614000 Approved 614000 0 0
5 HLV Limited Rockfort Estate Developers Pvt Ltd Promoter Groups Any other transaction Lease Deposit Given 0 Approved 0 150000000 150000000
6 HLV Limited Ashok Rajani Independent Director Sale of goods or services 107000 Approved 107000 14000 32000
7 HLV Limited Anisha Rajani Officer in office or place of profit Remuneration 226000 Approved 226000 32000 0
8 HLV Limited Vivek Nair Key Managerial remuneration Remuneration 6000000 Approved 6000000 650000 0
9 HLV Limited Dinesh Nair Key Managerial remuneration Remuneration 6000000 Approved 6000000 650000 0
10 HLV Limited Dinesh Nair Key Managerial remuneration Any other transaction Rent expenses 276000 Approved 276000 0 0
11 HLV Limited Dinesh Nair Key Managerial remuneration Any other transaction Deposits given 300000 Approved 300000 0 300000
12 HLV Limited Leela Fashions Limited Promoter Groups Any other transaction Corporate Guarantee Fees 4000000 Approved 4000000 0 0
Total value of transaction during the reporting period 101108000