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Sri Havisha Hospitality Clarifies XBRL Filing Error; Reports Q2 Net Loss of ₹1.51 Crore
Sri Havisha Hospitality responded to an NSE query regarding missing EPS data in its XBRL filing for the quarter ended September 30, 2025, citing a clerical error. The company's financial results for Q2 FY26 show a significant revenue jump to ₹3.12 crore from ₹0.44 crore year-on-year. Despite higher revenue, the company posted a net loss of ₹1.51 crore for the quarter, primarily due to high employee benefits and finance costs. The company also highlighted a legal dispute involving a ₹99.91 lakh payment made under protest for electricity surcharges.
Key Highlights
Revenue from operations grew to ₹312.30 lakhs in Q2 Sep-25 compared to ₹44.23 lakhs in Q2 Sep-24.
Reported a net loss of ₹151.06 lakhs for the quarter versus a profit of ₹7.41 lakhs in the previous year's corresponding quarter.
Finance costs for the half-year include ₹217.32 lakhs as notional interest on lease liabilities under Ind AS 116.
Paid ₹99.91 lakhs under protest to TGSPDCL regarding a legacy Cross Subsidy Surcharge dispute currently sub-judice.
Confirmed that missing EPS data in the initial XBRL filing was a clerical mistake and a revised form will be filed.
💼 Action for Investors
Investors should be cautious as the company remains loss-making despite the revenue surge, with high finance costs impacting the bottom line. Monitor the outcome of the ₹99.91 lakh legal dispute and the company's ability to manage operating expenses.