Lords Ishwar Hotels loss widens despite revenue growth

Lords Ishwar Hotels Limited recorded a Rs 14.47 lakh net loss for the quarter ended 30 September 2026, compared with a Rs 4.31 lakh loss a year earlier, although revenue from operations rose about 27% to Rs 1.8305 crore. Total expenses of Rs 2.0215 crore exceeded total revenue of Rs 1.8921 crore.

How did Lords Ishwar Hotels perform in the September quarter?

Lords Ishwar Hotels posted a Rs 14.47 lakh loss after tax in the September 2026 quarter, widening from a Rs 4.31 lakh loss in the quarter ended 30 September 2025. The result also reversed a Rs 12.80 lakh profit after tax reported in the preceding June 2026 quarter. Basic and diluted earnings per share were both a loss of Rs 0.19, compared with a loss of Rs 0.06 a year earlier.

Revenue from operations increased by Rs 39.24 lakh year on year to Rs 1.8305 crore from Rs 1.4381 crore. Including other income, total revenue rose to Rs 1.8921 crore from Rs 1.5136 crore. Other income declined to Rs 6.16 lakh from Rs 7.55 lakh in the prior-year quarter, indicating that the increase in total revenue came from the reported rise in operations rather than other income.

The company reported a Rs 12.94 lakh loss before exceptional items and tax, against a Rs 1.70 lakh loss before tax a year earlier. Lords Ishwar Hotels disclosed no exceptional items for either September-quarter comparison. A deferred-tax charge of Rs 1.53 lakh, versus Rs 2.61 lakh in the earlier quarter, took the September 2026 result to the stated post-tax loss.

Which costs drove Lords Ishwar Hotels' September-quarter loss?

Lords Ishwar Hotels incurred total expenses of Rs 2.0215 crore in the quarter ended 30 September 2026, up from Rs 1.5306 crore a year earlier. The Rs 49.09 lakh increase in expenses exceeded the Rs 37.85 lakh rise in total revenue over the same comparison. As a result, expenses were Rs 12.94 lakh higher than total revenue during the latest quarter before the reported tax charge.

Purchase of stock in trade was Rs 69 lakh, compared with Rs 35.96 lakh in the September 2025 quarter. Employee benefits expense increased to Rs 50.85 lakh from Rs 44.70 lakh, while food and beverages consumed rose to Rs 19.83 lakh from Rs 17.14 lakh. These three expense lines together amounted to Rs 1.3968 crore in the latest quarter.

Inventory changes were an expense of Rs 4.70 lakh, whereas the same line was negative Rs 9.50 lakh a year earlier. Other expenses declined to Rs 31.89 lakh from Rs 37.15 lakh, and power and fuel costs fell to Rs 11.87 lakh from Rs 12.62 lakh. Finance costs also decreased to Rs 8.77 lakh from Rs 10.58 lakh, but these reductions did not offset the movement in stock purchases, staff costs and inventory changes.

What do Lords Ishwar Hotels' first-half results show?

Lords Ishwar Hotels reported a Rs 1.67 lakh net loss for the half year ended 30 September 2026, narrowing from a Rs 11.98 lakh loss in the corresponding half of 2025. Revenue from operations grew to Rs 4.1465 crore from Rs 3.1107 crore. The half-year outcome includes the Rs 12.80 lakh profit recorded in the June 2026 quarter and the Rs 14.47 lakh loss in the September quarter.

Total revenue for the six months increased to Rs 4.2145 crore from Rs 3.1893 crore, while total expenses rose to Rs 4.2035 crore from Rs 3.2839 crore. This produced a Rs 1.10 lakh profit before tax, compared with a Rs 9.46 lakh pre-tax loss a year earlier. Deferred tax expense was Rs 2.77 lakh in the latest half year, resulting in the reported post-tax loss.

Purchase of stock in trade for the first half rose to Rs 1.5286 crore from Rs 1.1041 crore, while employee benefits expense increased to Rs 1.0137 crore from Rs 91.12 lakh. Finance costs declined to Rs 17.70 lakh from Rs 21.30 lakh, and depreciation and amortisation expense was Rs 10.47 lakh against Rs 10.66 lakh. The filing provides no forecast or target for the remainder of the financial year.

How did Lords Ishwar Hotels' financial position change?

Lords Ishwar Hotels reported total assets of Rs 13.40 crore at 30 September 2026, down from Rs 13.8173 crore at 31 March 2026. Property, plant and equipment declined to Rs 7.1885 crore from Rs 7.2735 crore. Other financial assets decreased to Rs 2.9566 crore from Rs 3.5731 crore, while investments remained Rs 1.0130 crore at both dates.

Inventories rose to Rs 91.71 lakh at 30 September from Rs 67.91 lakh at 31 March, and the cash-flow statement recorded a Rs 23.80 lakh increase in inventories during the half year. Trade receivables fell to Rs 44.30 lakh from Rs 52.05 lakh. Cash and cash equivalents increased to Rs 63.66 lakh from Rs 59.58 lakh over the same six-month balance-sheet comparison.

Long-term borrowings declined to Rs 5.8865 crore at 30 September 2026 from Rs 6.0672 crore at 31 March 2026. Short-term borrowings increased to Rs 35.43 lakh from Rs 34.07 lakh, while trade payables to creditors other than micro and small enterprises fell to Rs 46.39 lakh from Rs 61.60 lakh. Other equity was negative Rs 1.6016 crore at September-end, compared with negative Rs 1.5848 crore at the preceding financial year-end.

What does Lords Ishwar Hotels' cash flow report show?

Lords Ishwar Hotels reported Rs 40.45 lakh of net cash flow from operating activities for the half year ended 30 September 2026. The operating cash figure followed a Rs 1.10 lakh profit before tax, Rs 10.47 lakh of depreciation and Rs 17.70 lakh of interest paid. Working-capital movements included a Rs 23.80 lakh inventory increase and a Rs 7.75 lakh reduction in trade receivables.

Investing activities used Rs 1.97 lakh, identified as purchases of fixed assets or capital work-in-progress. Financing activities used Rs 34.40 lakh, including Rs 16.70 lakh of repayment of long-term borrowings and Rs 17.70 lakh of interest paid. These movements left a Rs 4.08 lakh increase in cash and cash equivalents from the opening balance of Rs 59.58 lakh.

The board approved the standalone unaudited results on 13 November 2026 after review by the audit committee. Lords Ishwar Hotels said its statutory auditors had carried out a limited review of the quarter and half-year statements. The board meeting began at 2:30 p.m. and concluded at 3:20 p.m. on the same date.

Conclusion

Lords Ishwar Hotels generated higher September-quarter operating revenue but reported a wider loss because total expenses of Rs 2.0215 crore rose faster than total revenue of Rs 1.8921 crore. The main year-on-year cost movements included stock purchases of Rs 69 lakh, employee benefits of Rs 50.85 lakh and a Rs 4.70 lakh inventory-change expense, while the first-half loss narrowed to Rs 1.67 lakh.

The next results will show how the reported first-half revenue of Rs 4.1465 crore develops in the remaining months of the financial year, for which the company disclosed no target. The filing also leaves inventories of Rs 91.71 lakh, long-term borrowings of Rs 5.8865 crore and cash of Rs 63.66 lakh at 30 September 2026 as disclosed balance-sheet measures to track.