Integrated Filing — IndAS



General information about company
Scrip Code 523269
NSE Symbol ADVANIHOTR
MSEI Symbol NOTLISTED
ISIN INE199C01026
Name of company ADVANI HOTELS & RESORTS (INDIA) 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 23-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 16-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
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 Hotel
Start date and time of board meeting 23-May-2025   19:15:00
End date and time of board meeting 23-May-2025   21:00:00
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 2023-02-10
Indicate Company website link for updated RPT policy of the Company https://www.caravelabeachresortgoa.com/investor-relations.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
No Loans and Debt



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 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 335106000 1074075000
Other income 10629000 37987000
Total income 345735000 1112062000
2 Expenses
(a) Cost of materials consumed 22530000 79740000
(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 86502000 336509000
(e) Finance costs 493000 1133000
(f) Depreciation, depletion and amortisation expense 7348000 30043000
(f) Other Expenses
1 Other Expenses 74997000 311660000
Total other expenses 74997000 311660000
Total expenses 191870000 759085000
3 Total profit before exceptional items and tax 153865000 352977000
4 Exceptional items 0 0
5 Total profit before tax 153865000 352977000
6 Tax expense
7 Current tax 39100000 90899000
8 Deferred tax 53000 -2277000
9 Total tax expenses 39153000 88622000
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 114712000 264355000
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 114712000 264355000
17 Other comprehensive income net of taxes -2034000 -2636000
18 Total Comprehensive Income for the period 112678000 261719000
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 184877000 184877000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 629325000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.24 2.86
Diluted earnings (loss) per share from continuing operations 1.24 2.86
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 1.24 2.86
Diluted earnings (loss) per share from continuing and discontinued operations 1.24 2.86
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1) The financial results of the Company for the quarter and year ended March 31, 2025, have been reviewed by the Audit Committee of the Board and approved by the Board of Directors at its meetings held on May 23, 2025. n2)The above financial results are available on the BSE Limited (BSE) website (URL: www.bseindia.com), the National Stock Exchange of India Limited (NSE) website (URL: www.nseindia.com) and on the Company’s website (URL: www.caravelabeachresortgoa.com). n3)These financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (“Ind AS”) prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India. The Information presented in these financial results is extracted from the audited financial statements for the year ended March 31, 2025 n4)The Board of Directors at its meeting held on May 23, 2025, has approved the payment of second Interim Dividend of Rs 0.90 (45%) per share of face value of Rs 2/-. The outgo for this second Interim Dividend will be Rs. 831.95 lakhs. With this, the total Interim Dividend outgo for the Financial Year 2024-25 will be ` 1756.33 lakhs (Previous year Rs. 1663.89 lakhs). n5)Disclosure of segment-wise information is not applicable as hoteliering is the Company’s only business segment. n6)In view of the seasonality of the business, the financial results for the quarter ended March 31, 2025 are not indicative of the full year's performance. n7)The Company does not have any subsidiary/associate/joint venture company(ies), as at March 31, 2025. Accordingly, the Company is not required to prepare consolidated financial results. n8)The date of implementation of the Code on Social Security, 2020 ('the Code') relating to employee benefits is yet to be notified by the Government and when implemented will impact the contributions by the Company towards benefits such as Provident Fund, Gratuity etc. The Company will assess the impact of the Code and give effect in the financial results when the Code and Rules thereunder are notified. n9)The figures for the quarter ended March 31, 2025, and March 31, 2024, are derived after considering the audited figures for the full financial years and the unaudited financial information for the period of nine months ended December 31, 2024 and December 31, 2023, respectively. n10)Previous periods figures have been re-grouped / re-classified, wherever necessary, to conform to current period's classification.



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 442047000
Capital work-in-progress 0
Investment property 1941000
Goodwill 0
Other intangible assets 761000
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 25000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 1005000
Total non-current financial assets 1030000
Deferred tax assets (net)
Other non-current assets 45741000
Total non-current assets 491520000
2 Current assets
Inventories 20364000
Current financial asset
Current investments 150790000
Trade receivables, current 5709000
Cash and cash equivalents 110526000
Bank balance other than cash and cash equivalents 262847000
Loans, current 346000
Other current financial assets 1618000
Total current financial assets 531836000
Current tax assets (net)
Other current assets 34471000
Total current assets 586671000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 1078191000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 184877000
Other equity 629325000
Total equity attributable to owners of parent 814202000
Non controlling interest
Total equity 814202000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1916000
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 0
Total non-current financial liabilities 1916000
Provisions, non-current 13065000
Deferred tax liabilities (net) 52343000
Deferred government grants, Non-current 0
Other non-current liabilities 1186000
Total non-current liabilities 68510000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1115000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 22556000
Total Trade payable 23671000
Other current financial liabilities 66401000
Total current financial liabilities 90072000
Other current liabilities 100416000
Provisions, current 3426000
Current tax liabilities (Net) 1565000
Deferred government grants, Current 0
Total current liabilities 195479000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 263989000
Total equity and liabilites 1078191000
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 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-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 Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss -684000 -887000
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 2718000 3523000
5 Total Other comprehensive income -2034000 -2636000



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 352977000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 1133000
Adjustments for decrease (increase) in inventories -6409000
Adjustments for decrease (increase) in trade receivables, current 1595000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -34909000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -9998000
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 30043000
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 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 4000
Adjustments for interest income 21892000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -14950000
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) 262000
Other adjustments for non-cash items 3755000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -51374000
Net cash flows from (used in) operations 301603000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 89616000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 211987000
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 799000000
Other cash payments to acquire equity or debt instruments of other entities 742066000
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 256000
Purchase of property, plant and equipment 32821000
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 0
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 4000
Interest received 21769000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities 46142000
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 -6967000
Repayments of borrowings 0
Payments of lease liabilities 4542000
Dividends paid 165550000
Interest paid 146000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -177205000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 80924000
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 80924000
Cash and cash equivalents cash flow statement at beginning of period 29602000
Cash and cash equivalents cash flow statement at end of period 110526000





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 M/s. J. G. Verma & Co. Yes 31-Mar-2025


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 Advani Hotels & Resorts (India) Ltd Sunder G. Advani Key Managerial Personnel / Managing Director - Chairman Remuneration 16500000 As recommended by Nomination and Remuneration Committee and approved by Board of Directors and shareholders of the Company 8450000 0 0
2 Advani Hotels & Resorts (India) Ltd Haresh G. Advani Key Managerial Personnel / Executive Director Remuneration 11000000 As recommended by Nomination and Remuneration Committee and approved by Board of Directors and shareholders of the Company 5587000 0 0
3 Advani Hotels & Resorts (India) Ltd Prahlad S. Advani Key Managerial Personnel / Whole Time Director - Chief Executive Officer Remuneration 14490000 Remuneration from August 1, 2023 to July 31, 2024 of Rs. 131.80 Lakh and from August 1, 2024 to July 31, 2025 of Rs.144.90 Lakh as recommended by Nomination and Remuneration Committee and approved by Board of Directors and shareholders of the Company 8097000 0 0
4 Advani Hotels & Resorts (India) Ltd Menaka S. Advani Non-Executive - Non Independent Director Any other transaction Sitting Fees NA 400000 0 0
5 Advani Hotels & Resorts (India) Ltd Nina H. Advani Non-Executive - Non Independent Director Any other transaction Sitting Fees NA 200000 0 0
6 Advani Hotels & Resorts (India) Ltd Ragini Chopra Non-Executive - Non Independent Director Any other transaction Sitting Fees NA 320000 0 0
7 Advani Hotels & Resorts (India) Ltd SATYAN ISRANI Non-Executive - Non Independent Director Any other transaction Sitting Fees NA 260000 0 0
8 Advani Hotels & Resorts (India) Ltd Vinay Chauhan Non-Executive - Non Independent Director Any other transaction Sitting Fees NA 460000 0 0
9 Advani Hotels & Resorts (India) Ltd Nitin Kunkolienkar Non-Executive - Non Independent Director Any other transaction Sitting Fees NA 520000 0 0
10 Advani Hotels & Resorts (India) Ltd Ajay Vichare Key Managerial Person / Chief Financial Officer Remuneration 7440000 As recommended by Nomination and Remuneration Committee and approved by Board of Directors of the Company 3029000 0 0
11 Advani Hotels & Resorts (India) Ltd Deepesh Joisar Key Managerial Person / Company Secretary & Compliance Officer Remuneration 3650000 As recommended by Nomination and Remuneration Committee and approved by Board of Directors of the Company 1447000 0 0
12 Advani Hotels & Resorts (India) Ltd Anil Harish Non-Executive - Non Independent Director Any other transaction Sitting Fees NA 520000 0 0
Total value of transaction during the reporting period 29290000