HLV Limited posts stronger profits despite occupancy dip

HLV Limited reported a total income of ₹21,840.28 lakhs for fiscal year 2024-25, an increase from ₹20,889.65 lakhs in the previous year. Profit after tax rose significantly to ₹2,612.49 lakhs, up from ₹2,380.29 lakhs in fiscal year 2023-24, representing an approximate 9.76% increase. Earnings per share also improved to ₹0.40 for 2024-25, compared to ₹0.36 in the prior year. The company's total comprehensive income for the year was ₹2,443.55 lakhs.

Occupancy levels at HLV's hotel were 74% in fiscal year 2024-25, a decrease from 76% in the previous year. However, the average room rate increased to ₹11,105, up from ₹10,193 in fiscal year 2023-24, leading to a RevPAR increase to ₹8,255 from ₹7,846. Foreign exchange earnings also saw an uplift, reaching ₹5,980.79 lakhs compared to ₹5,270.62 lakhs last year. The board of directors has decided not to recommend a dividend for the year ended March 31, 2025, opting to retain profits to adjust for previous years’ losses.

The company plans an expansion with a new luxury resort and hotel at Vellimon, Kerala, with preliminary work underway. This initiative aims to capitalize on India's growing hospitality sector, supported by sustained domestic travel and infrastructure upgrades.