CHL Ltd (532992)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, CHL's revenue was ₹35.0 Cr (+11.3% year on year, +0.0% on the previous quarter), and net profit ₹10.0 Cr (against a loss a year earlier); the operating margin was 17.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹35.0 | +11.3% | +0.0% |
| Operating profit | ₹6.0 | +26.8% | -17.0% |
| Net profit | ₹10.0 | from loss | +12.9% |
| EPS (₹) | 1.85 | from loss | +14.2% |
| Operating margin | 17.1% | — | — |
📢 Recent Corporate Announcements
CHL Ltd received a compounding order from the Reserve Bank of India (RBI) on August 20, 2026, imposing a compounding fee of ₹1,55,70,000 (₹1.56 crore). The order pertains to the contravention of Regulations 6(2)(vi) and 6(6)(a) of FEMA 120/RB-2004 regarding foreign exchange management regulations. CHL Ltd is required to deposit the amount within 15 days of the order date. The ₹1.56 crore penalty represents approximately 1.1% of CHL's TTM revenue of ₹139 crore and will impact immediate cash flows.
- Compounding fee imposed: ₹1,55,70,000 (₹1.56 crore) by the Reserve Bank of India
- Contravention involves Regulation 6(2)(vi) and Regulation 6(6)(a) of FEMA 120/RB-2004
- Payment deadline: Within 15 days from the order date of 20th August 2026
- Order received via email on 20th August 2026 at 05:04 PM
CHL Ltd has announced that Mr. Alkesh Tacker (DIN 00513286) ceased to be an Independent Director effective August 12, 2026. The cessation is due to the completion of his 10-year tenure, which is the maximum allowed under SEBI regulations for independent directors. The company, which operates 'Hotel The Suryaa' in New Delhi with a TTM revenue of Rs 139 Cr, confirmed there are no other material reasons for the exit. This is a routine governance event and does not impact the company's financial standing or operations.
- Cessation of Mr. Alkesh Tacker effective August 12, 2026
- Completion of a full 10-year tenure as an Independent Director
- Company market capitalization stands at Rs 126 Cr
- No other material reasons cited for the cessation
CHL Ltd has released its FY26 Annual Report, reporting a stagnant operational performance with TTM revenue of ₹139 Cr and near-zero net profit. The most significant development is a ₹673.55 Cr revaluation surplus from its Tajikistan subsidiary's hotel building, which drastically improved the consolidated gearing ratio from 146.35% to 38.35% on paper. Operationally, the company settled ₹10.62 Cr in property taxes under an amnesty scheme. The 47th Annual General Meeting is scheduled for September 3, 2026.
- ₹673.55 crore revaluation surplus recognized for the Tajikistan subsidiary's leasehold building, credited to Other Comprehensive Income.
- Gearing ratio improved to 38.35% in FY26 from 146.35% in FY25, primarily due to the increase in equity from revaluation reserves.
- ₹10.62 crore paid as property tax to MCD during the financial year under an amnesty scheme, impacting cash flows.
- Return on Capital Employed (ROCE) declined to 0.25% in FY26 from 0.87% in FY25.
- Total debt stands at ₹262.31 crore against a TTM revenue of ₹139 crore, representing a high debt-to-revenue multiple.
CHL Ltd has announced its 47th Annual General Meeting (AGM) for September 3, 2026, to be conducted via video conferencing. The company will close its register of members from August 28 to September 3, 2026, for the purpose of the meeting. Shareholders as of the cut-off date of August 27, 2026, are eligible to participate in remote e-voting from August 31 to September 2. This is a routine administrative filing for the company, which currently has a market capitalization of Rs 130 Cr and a TTM revenue of Rs 139 Cr.
- 47th Annual General Meeting scheduled for September 3, 2026, at 12:30 P.M.
- Book closure period set from August 28, 2026, to September 3, 2026 (both days inclusive).
- Cut-off date for e-voting eligibility is August 27, 2026.
- Remote e-voting window opens August 31, 2026 (10:00 A.M.) and closes September 2, 2026 (5:00 P.M.).
CHL Ltd has announced its 47th Annual General Meeting (AGM) to be held on September 3, 2026, via video conferencing. The company, which operates 'Hotel The Suryaa' in New Delhi, reported a flat FY26 PAT of Rs 0.0 Cr on a revenue of Rs 139 Cr. Shareholders as of the cut-off date of August 27, 2026, are eligible to participate in remote e-voting. The book closure period is set from August 28 to September 3, 2026, for the purpose of the AGM.
- 47th Annual General Meeting scheduled for September 3, 2026, at 12:30 P.M. via VC/OAVM.
- Cut-off date for determining e-voting eligibility is August 27, 2026.
- Remote e-voting period runs from August 31, 2026 (10:00 A.M.) to September 2, 2026 (5:00 P.M.).
- Share transfer books will remain closed from August 28, 2026, to September 3, 2026.
- Company maintains a high debt level of Rs 262 Cr against a market capitalization of Rs 130 Cr.
CHL Ltd reported a consolidated revenue of ₹34.76 Cr for Q1 FY27, up 10.5% YoY from ₹31.44 Cr. The company turned profitable with a consolidated PAT of ₹10.14 Cr, compared to a loss of ₹0.82 Cr in the same quarter last year. However, this profit was heavily supported by a non-operating foreign exchange gain of ₹11.40 Cr. A critical One Time Settlement (OTS) of USD 34 million with EXIM Bank is currently under implementation, which is a massive figure relative to the company's ₹129 Cr market capitalization.
- Consolidated Revenue increased 10.5% YoY to ₹34.76 Cr for the quarter ended June 2026.
- Consolidated PAT turned positive at ₹10.14 Cr, aided by ₹11.40 Cr in non-cash foreign exchange gains.
- One Time Settlement (OTS) with EXIM Bank crystallized at USD 34 million for the Tajikistan hotel subsidiary loan.
- Other Comprehensive Income (OCI) included a ₹35.92 Cr gain from foreign currency translation reserves.
- Standalone revenue from 'Hotel The Suryaa' in New Delhi stood at ₹21.24 Cr, up from ₹19.71 Cr YoY.
CHL Ltd reported a 10.5% YoY increase in consolidated revenue to ₹34.76 Cr for Q1 FY27. The company turned profitable with a PAT of ₹10.14 Cr, compared to a loss of ₹0.82 Cr in the same quarter last year, though this was heavily aided by a non-cash foreign exchange gain of ₹11.40 Cr. A critical One-Time Settlement (OTS) for USD 34 million with EXIM Bank regarding its Tajikistan subsidiary is currently under execution, which could resolve long-standing litigation. Despite the reported profit, the company's debt of ₹262 Cr remains significantly higher than its market cap of ₹129 Cr.
- Consolidated Revenue from operations increased 10.5% YoY to ₹34.76 Cr from ₹31.44 Cr.
- Reported Consolidated PAT of ₹10.14 Cr, driven by a ₹11.40 Cr non-operating foreign exchange gain in the Tajikistan subsidiary.
- One-Time Settlement (OTS) for USD 34 million with EXIM Bank is under implementation to resolve a USD 32.5 million term loan dispute.
- Total Comprehensive Income reached ₹46.07 Cr, including a ₹35.92 Cr foreign currency translation gain.
- Debt Recovery Tribunal (DRT-III) hearing for the corporate guarantee case is scheduled for August 18, 2026.
CHL Ltd has announced a board meeting on July 30, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company, which operates 'Hotel The Suryaa' in New Delhi, is coming off a profitable March 2026 quarter (Rs 8.86 Cr PAT) following a volatile year. With a high debt of Rs 262 Cr against a market cap of Rs 121 Cr, the upcoming results are critical for assessing the company's ability to service its leverage. The stock has seen a 19.6% decline over the last 12 months, reflecting market caution.
- Board meeting scheduled for July 30, 2026, at 05:30 PM IST at the registered office in New Delhi.
- The meeting will consider and approve standalone and consolidated unaudited financial results for Q1 ended June 30, 2026.
- Company carries a significant debt load of Rs 262 Cr compared to its current market capitalization of Rs 121 Cr.
- TTM revenue stands at Rs 139 Cr with an operating profit margin of 11.3%.
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. The company operates primarily in the hospitality segment through 'Hotel The Suryaa'.
Geographic Revenue Split
100% of revenue is derived from New Delhi, India, where the company's primary asset, Hotel The Suryaa, is located.
Profitability Margins
The company reported an average net profit of INR 18.09 Cr (INR 1808.67 Lacs) over the three immediately preceding financial years as per Section 135(5) of the Companies Act.
EBITDA Margin
Not disclosed in available documents. Core profitability is driven by hotel operations in New Delhi.
Capital Expenditure
Not disclosed in available documents. Maintenance and potential upgrades for Hotel The Suryaa would constitute the primary CAPEX.
Credit Rating & Borrowing
Not disclosed in available documents. The company has not reported any public, rights, or preferential issues during the financial year ended March 31, 2025.
Operational Drivers
Raw Materials
Food and beverage ingredients, linen, guest toiletries, and cleaning supplies, which typically represent 10-15% of total operating costs in the hospitality sector.
Import Sources
Primarily sourced from local vendors within India and Delhi-NCR to ensure freshness for F&B operations.
Key Suppliers
Not disclosed in available documents. Procurement is managed through local hospitality supply chains.
Capacity Expansion
Current capacity is centered on Hotel The Suryaa in New Friends Colony, New Delhi. Specific room counts or planned expansions are not disclosed.
Raw Material Costs
Not disclosed in available documents. Hospitality margins are sensitive to food inflation and utility costs.
Manufacturing Efficiency
Not applicable as a service provider. Efficiency is measured by occupancy rates and RevPAR (Revenue Per Available Room), which are not disclosed.
Logistics & Distribution
Not applicable. Revenue is generated on-site through guest stays and banquet events.
Strategic Growth
Growth Strategy
The company focuses on maintaining its premium positioning for 'Hotel The Suryaa' in New Delhi. Growth is driven by corporate travel, banquet events, and F&B services. The company updated its Whistle Blower Policy and internal controls on May 26, 2025, to improve governance and operational oversight.
Products & Services
Luxury hotel rooms, banquet halls, fine dining restaurants, and health club services.
Brand Portfolio
Hotel The Suryaa.
Market Expansion
The company is currently focused on its existing New Delhi property; no specific regional expansion plans were detailed.
Market Share & Ranking
Not disclosed. Competes with other 5-star luxury hotels in South Delhi.
Strategic Alliances
The company has an agreement with NSDL and CDSL for share dematerialization and utilizes Beetal Financial & Computer Services as its Registrar and Share Transfer Agent.
External Factors
Industry Trends
The Indian hospitality industry is seeing a shift toward digital bookings and experiential luxury. CHL Limited is positioned as a legacy luxury player in South Delhi.
Competitive Landscape
Competes with major luxury chains like Taj, Oberoi, and ITC in the Delhi-NCR market.
Competitive Moat
The primary moat is the strategic location of 'Hotel The Suryaa' in New Friends Colony, New Delhi, which is a high-demand area for corporate and upscale residential clients. This location-based advantage is durable as land in this area is scarce.
Macro Economic Sensitivity
Highly sensitive to Indian GDP growth and discretionary spending trends in the premium travel segment.
Consumer Behavior
Increasing demand for eco-friendly stays and contactless check-in services.
Geopolitical Risks
International travel advisories or geopolitical tensions can impact foreign tourist arrivals (FTA) to the New Delhi region.
Regulatory & Governance
Industry Regulations
Compliant with the Companies Act 2013, SEBI (LODR) Regulations 2015, and Secretarial Standards. The company maintains a Vigil Mechanism/Whistle Blower Policy.
Taxation Policy Impact
Subject to Indian corporate tax and GST (typically 18% for luxury hotel rooms).
Legal Contingencies
The company paid a penalty during the year for late submission of a prescribed report/return. No other major pending court cases or case values were disclosed.
Risk Analysis
Key Uncertainties
Concentration risk as the company relies on a single hotel asset. A localized disruption in New Delhi would impact 100% of revenue.
Geographic Concentration Risk
100% revenue concentration in New Delhi.
Third Party Dependencies
Dependency on Beetal Financial & Computer Services for registrar services and NSDL/CDSL for depository services.
Technology Obsolescence Risk
Risk of falling behind in hotel technology (PMS systems, booking engines) compared to global chains.
Credit & Counterparty Risk
Receivables from corporate clients and travel aggregators; quality is generally high but subject to industry cycles.
