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HLV is currently trading at Rs. 3.43, up by 0.31 points or 9.94% from its previous closing of Rs. 3.12 on the BSE.The scrip opened at Rs. 3.20 and has touched a high and low of Rs. 3.43 and Rs. 3.20 respectively. So far 10904 shares were traded on the counter.The BSE group `B` stock of face value Rs. 2 has touched a 52 week high of Rs. 12.82 on 22-Mar-2019 and a 52 week low of Rs. 3.06 on 13-Mar-2020.Last one week high and low of the scrip stood at Rs. 3.86 and Rs. 3.07 respectively. The current market cap of the company is Rs. 216.28 crore.The promoters holding in the company stood at 47.27%, while Institutions and Non-Institutions held 2.34% and 50.38% respectively.HLV has received an approval for sale of land owned by the company in Hyderabad on ‘as is where is basis’ wherein the purchaser shall take care of all the disputes related to land either by way of settlement or litigation and after the settlements, the company expects to receive Rs 40 crore from the purchaser over a period of nine months to twelve months. The Board of Directors of the Company at their meeting held on March 20, 2020, approved the same. HLV (Formerly known as Hotel Leelaventure) is an India-based holding company, which is engaged in hoteliering business. The company is engaged in providing accommodation and food services, and food and beverage services.
The revenue zoomed 9.33% to Rs. 436.90 millions for the quarter ended December 2019 as compared to Rs. 399.60 millions during the corresponding quarter last year.The Net Loss for the quarter ended December 2019 is Rs. -47.20 millions as compared to Net Profit of Rs. 30.00 millions of corresponding quarter ended December 2018Operating profit Margin for the quarter ended December 2019 slipped to -80.70% as compared to 42.30% of corresponding quarter ended December 2018 (Rs. in Million) Quarter ended Year to Date Year ended 201912 201812 % Var 201912 201812 % Var 201903 201803 % Var Sales 436.90 399.60 9.33 1081.40 1112.80 -2.82 1543.40 1378.40 11.97 Other Income 32.60 7.20 352.78 50.70 31.70 59.94 41.80 64.50 -35.19 PBIDT -80.70 42.30 -290.78 -179.10 -1.80 9850.00 18.30 -55.30 -133.09 Interest 0.40 0.60 -33.33 1.30 3.60 -63.89 4.00 1.30 207.69 PBDT -22.90 51.90 -144.12 37.40 136.20 -72.54 -282.30 -386.00 -26.87 Depreciation 24.30 21.90 10.96 76.80 67.10 14.46 95.70 132.60 -27.83 PBT -47.20 30.00 -257.33 -39.40 69.10 -157.02 -378.00 -518.60 -27.11 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -47.20 30.00 -257.33 -39.40 69.10 -157.02 -378.00 -518.60 -27.11 Equity 1261.10 1261.10 0.00 1261.10 1261.10 0.00 1261.10 1261.10 0.00 PBIDTM(%) -18.47 10.59 -274.49 -16.56 -0.16 10136.03 1.19 -4.01 -129.55
Hotel Leela Venture is currently trading at Rs. 8.85, up by 1.19 points or 15.54% from its previous closing of Rs. 7.66 on the BSE.The scrip opened at Rs. 8.77 and has touched a high and low of Rs. 9.19 and Rs. 8.50 respectively. So far 41841 shares were traded on the counter.The BSE group `B` stock of face value Rs. 2 has touched a 52 week high of Rs. 18.78 on 30-Nov-2018 and a 52 week low of Rs. 5.94 on 23-Aug-2019.Last one week high and low of the scrip stood at Rs. 9.19 and Rs. 6.33 respectively. The current market cap of the company is Rs. 483.00 crore.The promoters holding in the company stood at 47.27%, while Institutions and Non-Institutions held 2.46% and 50.27% respectively.Hotel Leela Venture has completed sale of its business to Canadian investment fund Brookfield and the proceeds of deal were used in payments to its lenders.In March this year, Hotel Leela Venture had announced sale of its four hotels, including one in the national capital, and a property to Brookfield Asset Management for Rs 3,950 crore.Hotel Leela Venture is an India-based holding company, which is engaged in hoteliering business. The company is engaged in providing accommodation and food services, and food and beverage services.
Net sales declined -8.73% to Rs. 318.80 million from Rs. 349.30 millions.The Net Loss for the quarter ended June 2019 is Rs. -12.60 millions as compared to Net Profit of Rs. 26.70 millions of corresponding quarter ended June 2018 Operating profit Margin for the quarter ended June 2019 improved to -33.50% as compared to -2.00% of corresponding quarter ended June 2018 (Rs. in Million) Quarter ended Year to Date Year ended 201906 201806 % Var 201906 201806 % Var 201903 201803 % Var Sales 318.80 349.30 -8.73 318.80 349.30 -8.73 1543.40 1378.40 11.97 Other Income 10.60 10.20 3.92 10.60 10.20 3.92 41.80 64.50 -35.19 PBIDT -33.50 -2.00 1575.00 -33.50 -2.00 1575.00 18.30 -55.30 -133.09 Interest 0.30 2.20 -86.36 0.30 2.20 -86.36 4.00 1.30 207.69 PBDT 13.90 54.30 -74.40 13.90 54.30 -74.40 -282.30 -386.00 -26.87 Depreciation 26.50 27.60 -3.99 26.50 27.60 -3.99 95.70 132.60 -27.83 PBT -12.60 26.70 -147.19 -12.60 26.70 -147.19 -378.00 -518.60 -27.11 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -12.60 26.70 -147.19 -12.60 26.70 -147.19 -378.00 -518.60 -27.11 Equity 1261.10 1261.10 0.00 1261.10 1261.10 0.00 1261.10 1261.10 0.00 PBIDTM(%) -10.51 -0.57 1735.17 -10.51 -0.57 1735.17 1.19 -4.01 -129.55
A minor change in the total revenue was seen in the March 2019 quarter. The total revenue for the quarter stood at Rs. 430.60 millions against Rs. 415.40 millions during year ago period.The Net Loss for the quarter ended March 2019 is Rs. -447.10 millions as compared to Net Loss of Rs. -320.50 millions of corresponding quarter ended March 2018The company reported a degrowth in operating Profit to 20.10 millions from 34.50 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201903 201803 % Var 201903 201803 % Var 201803 201703 % Var Sales 430.60 415.40 3.66 5724.60 5529.40 3.53 7185.40 6980.20 2.94 Other Income 10.10 45.50 -77.80 181.80 357.20 -49.10 245.80 412.00 -40.34 PBIDT 20.10 34.50 -41.74 595.40 1524.10 -60.93 2188.10 2161.30 1.24 Interest 0.40 0.60 -33.33 725.60 613.90 18.20 836.70 904.40 -7.49 PBDT -418.50 -295.50 41.62 -426.80 580.80 -173.48 1022.00 1256.90 -18.69 Depreciation 28.60 25.00 14.40 911.10 975.60 -6.61 1254.20 1411.50 -11.14 PBT -447.10 -320.50 39.50 -1337.90 -394.80 238.88 -232.20 -154.60 50.19 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -447.10 -320.50 39.50 -1337.90 -394.80 238.88 -232.20 -154.60 50.19 Equity 1261.10 1261.10 0.00 1261.10 1261.10 0.00 1261.10 933.20 35.14 PBIDTM(%) 4.67 8.31 -43.80 10.40 27.56 -62.27 30.45 30.96 -1.65
Hotel stocks have declined despite ICRA, a rating agency is expecting that operating margin of industry will improve by approximately 150 basis point to 21- 21.5% during FY2019Hotel Leela Venture is currently trading at Rs. 11.50, down by 0.12 points or 1.03% from its previous closing of Rs. 11.62 on the BSE. The scrip opened at Rs. 11.64 and has touched a high and low of Rs. 11.64 and Rs. 11.29 respectively. So far 43335 shares were traded on the counter.The Indian Hotels Company is currently trading at Rs. 150.45, down by 0.80 points or 0.53% from its previous closing of Rs. 151.25 on the BSE. The scrip opened at Rs. 151.55 and has touched a high and low of Rs. 151.60 and Rs. 150.00 respectively. So far 5498 shares were traded on the counter.Mahindra Holidays & Resorts India is currently trading at Rs. 245.45, down by 0.40 points or 0.16% from its previous closing of Rs. 245.85 on the BSE. The scrip opened at Rs. 250.00 and has touched a high and low of Rs. 250.00 and Rs. 243.95 respectively. So far 1181 shares were traded on the counter.ICRA, a rating agency, has said it is expecting that the domestic hotel industry would register a top line growth of 10-11% in current financial year (FY19) than the earlier expectation of 8.5%. The rating agency mentioned that the demand for room is expected to continue to grow by about 8-9% year-on-year over the medium term, on account of increasing domestic travel, buoyant meetings, incentives, conferencing and exhibitions (MICE) activity and higher FTAs, despite immediate headwinds from global geopolitical concerns and increasing local airfare.The agency further highlighted that the demand in Mumbai would drive average room rates (ARRs). Healthy demand and limited supply in Delhi (which has about 75% of the NCR inventory) is expected to drive ARRs in the region, while Gurugram would continue to struggle in the immediate term because of the DIAL Aerocity supply. Hyderabad and Pune are expected to be strong growth markets over the next two years while healthy demand will support Bengaluru, despite heavy supply addition.Besides, ICRA is expecting that operating margin of industry will improve by approximately 150 basis point to 21- 21.5% during FY2019. Margins are expected to continue the growth trajectory during the next few years to hit a high of approximately 26% during FY2023.
Hotel Leela Venture is currently trading at its upper limit of Rs. 11.63, up by 0.55 points or 4.96% from its previous closing of Rs. 11.08 on the BSE.The scrip opened at Rs. 11.63 and has touched a high and low of Rs. 11.63 and Rs. 11.63 respectively. So far 21974 shares were traded on the counter.The BSE group `B` stock of face value Rs. 2 has touched a 52 week high of Rs. 21.50 on 17-Apr-2018 and a 52 week low of Rs. 8.61 on 22-Nov-2018.Last one week high and low of the scrip stood at Rs. 11.79 and Rs. 10.42 respectively. The current market cap of the company is Rs. 733.33 crore.The promoters holding in the company stood at 47.27%, while Institutions and Non-Institutions held 3.89% and 48.84% respectively.Hotel Leela Venture (HLVL) has entered into a binding agreement with a Brookfield Asset Management sponsored private real estate fund, to sell by way of slump sale, four owned Leela hotels located at Bangalore, Chennai, Delhi and Udaipur and the property that it owns in Agra.The transaction also includes assignment of all Hotel Management contracts currently in operation as well as all management contracts for hotels which are currently under development, along with the employees of the hotels. The total transaction value is Rs 3950 crore plus the applicable transaction costs.Simultaneously, the Promoters who own the Leela brand would also be transferring the Leela brand to Brookfield for all hospitality businesses.Hotel Leela venture is an India-based holding company, which is engaged in hoteliering business. The company is engaged in providing accommodation and food services, and food and beverage services.
The total revenue for the quarter ended December 2018 remained nearly unchanged at Rs. 2090.60 millions.Profit saw a slight increase of 8.59%to Rs. 441.40 millions from Rs. 406.50 millions.The Operating Profit of the company witnessed a decrease to 793.30 millions from 914.00 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201812 201712 % Var 201812 201712 % Var 201803 201703 % Var Sales 2090.60 2036.10 2.68 5294.00 5114.00 3.52 7185.40 6980.20 2.94 Other Income 106.90 262.50 -59.28 171.70 311.70 -44.91 245.80 412.00 -40.34 PBIDT 793.30 914.00 -13.21 575.30 1489.60 -61.38 2188.10 2161.30 1.24 Interest 64.70 199.70 -67.60 725.20 613.30 18.25 836.70 904.40 -7.49 PBDT 738.80 714.30 3.43 -8.30 876.30 -100.95 1022.00 1256.90 -18.69 Depreciation 297.40 307.80 -3.38 882.50 950.60 -7.16 1254.20 1411.50 -11.14 PBT 441.40 406.50 8.59 -890.80 -74.30 1098.92 -232.20 -154.60 50.19 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT 441.40 406.50 8.59 -890.80 -74.30 1098.92 -232.20 -154.60 50.19 Equity 1261.10 1261.10 0.00 1261.10 1261.10 0.00 1261.10 933.20 35.14 PBIDTM(%) 37.95 44.89 -15.47 10.87 29.13 -62.69 30.45 30.96 -1.65
The quarter ended June 2018 witnessed marginal change in the total revenue. The figure for the mentioned quarter is pegged at Rs. 1562.00 millions.The Net Loss for the quarter ended June 2018 is Rs. -666.90 millions as compared to Net Loss of Rs. -236.40 millions of corresponding quarter ended June 2017Operating profit Margin for the quarter ended June 2018 slipped to -115.00% as compared to 288.20% of corresponding quarter ended June 2017 (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 1562.00 1494.00 4.55 1562.00 1494.00 4.55 7185.40 6980.20 2.94 Other Income 29.60 35.00 -15.43 29.60 35.00 -15.43 245.80 412.00 -40.34 PBIDT -115.00 288.20 -139.90 -115.00 288.20 -139.90 2188.10 2161.30 1.24 Interest 318.70 204.00 56.23 318.70 204.00 56.23 836.70 904.40 -7.49 PBDT -375.20 84.20 -545.61 -375.20 84.20 -545.61 1022.00 1256.90 -18.69 Depreciation 291.70 320.60 -9.01 291.70 320.60 -9.01 1254.20 1411.50 -11.14 PBT -666.90 -236.40 182.11 -666.90 -236.40 182.11 -232.20 -154.60 50.19 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -666.90 -236.40 182.11 -666.90 -236.40 182.11 -232.20 -154.60 50.19 Equity 1261.10 933.20 35.14 1261.10 933.20 35.14 1261.10 933.20 35.14 PBIDTM(%) -7.36 19.29 -138.17 -7.36 19.29 -138.17 30.45 30.96 -1.65
Hotel Leelaventure is currently trading at Rs. 17.45, up by 0.45 points or 2.65% from its previous closing of Rs. 17.00 on the BSE.The scrip opened at Rs. 17.10 and has touched a high and low of Rs. 17.65 and Rs. 17.10 respectively. So far 39117 shares were traded on the counter.The BSE group `B` stock of face value Rs. 2 has touched a 52 week high of Rs. 25.40 on 05-Sep-2017 and a 52 week low of Rs. 16.50 on 06-Jun-2018.Last one week high and low of the scrip stood at Rs. 18.35 and Rs. 16.50 respectively. The current market cap of the company is Rs. 1103.47 crore.The promoters holding in the company stood at 47.27%, while Institutions and Non-Institutions held 3.88% and 48.85% respectively.Hotel Leelaventure’s Board will reportedly approve enabling resolutions for issuing up to 125 crore new equity shares to primary lender JM Financial Asset Reconstruction Company (ARC) on preferential basis for converting part of debt into equity.If enabling resolutions go through, JM Financial will end up acquiring more than 50% in the hotel, up from its current 26% holding. Currently, Hotel Leelaventure, which has hotels in Delhi, Mumbai, Chennai, Gurgaon and Bengaluru, has a debt of over Rs 3,000 crore.Hotel Leelaventure is an India-based holding company, which is engaged in hoteliering business. The company is engaged in providing accommodation and food services, and food and beverage services.
The company`s total revenue for the quarter ended December 2017 saw a slight change in the total revenue, having registered a total revenue of Rs. 2036.10 millions.The Total Profit for the quarter ended December 2017 of Rs. 406.50 millions grew from Rs.-103.90 millionsOperating profit surged to 914.00 millions from the corresponding previous quarter of 456.20 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201712 201612 % Var 201712 201612 % Var 201703 201603 % Var Sales 2036.10 1957.20 4.03 5121.00 5016.00 2.09 6999.40 6609.10 5.91 Other Income 262.50 -207.40 -226.57 206.10 -226.50 -190.99 138.50 94.30 46.87 PBIDT 914.00 456.20 100.35 1489.60 1045.10 42.53 1902.50 1625.70 17.03 Interest 199.70 207.00 -3.53 613.30 654.70 -6.32 904.40 879.00 2.89 PBDT 714.30 249.20 186.64 876.30 390.40 124.46 998.10 528.40 88.89 Depreciation 307.80 353.10 -12.83 950.60 1066.50 -10.87 2023.20 2398.80 -15.66 PBT 406.50 -103.90 -491.24 -74.30 -676.10 -89.01 -1025.10 -1870.40 -45.19 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -68.80 -100.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -68.80 0.00 PAT 406.50 -103.90 -491.24 -74.30 -676.10 -89.01 -1025.10 -1801.60 -43.10 Equity 1261.10 933.20 35.14 1261.10 933.20 35.14 933.20 933.20 0.00 PBIDTM(%) 44.89 23.31 92.59 29.09 20.84 39.61 27.18 24.60 10.50
Hotel Leela Venture is currently trading at Rs. 20.55, up by 0.75 points or 3.79% from its previous closing of Rs. 19.80 on the BSE.The scrip opened at Rs. 19.85 and has touched a high and low of Rs. 20.80 and Rs. 19.85 respectively. So far 139596 shares were traded on the counter.The BSE group `B` stock of face value Rs. 2 has touched a 52 week high of Rs. 27.25 on 10-May-2017 and a 52 week low of Rs. 15.70 on 27-Dec-2016.Last one week high and low of the scrip stood at Rs. 21.55 and Rs. 19.70 respectively. The current market cap of the company is Rs. 1261.10 crore.The promoters holding in the company stood at 63.88%, while institutions and non-institutions held 5.21% and 30.90% respectively.Hotel Leelaventure has reported a net loss of Rs 24.44 crore for the second quarter ended September 30, 2017, as compared to a net loss of Rs 8.95 crore for the same quarter in the previous year. Total income of the company decreased by 14.16% at Rs 149.25 crore for Q2FY18 as compared Rs 173.86 crore for the corresponding quarter previous year.Hotel Leelaventure is an India-based holding company, which is engaged in hoteliering business. The company is engaged in providing accommodation and food services, and food and beverage services.