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Viceroy Hotels Limited announced its audited financial results for the quarter and year ended March 31, 2025, reporting strong performance.

Key Financial Highlights (Y-o-Y FY25):

• Total Income: ₹136.02 crores, up 13.87% from ₹119.45 crores in FY24.
• EBITDA: ₹37.55 crores, up 61.01% from ₹23.3 crores in FY24.
• EBITDA Margins: 27.61%, up 808 bps from 19.53% in FY24.
• Profit Before Tax (PBT): ₹21.16 crores, up 332.26% from ₹4.89 crores in FY24.
• Profit After Tax (PAT): ₹76.41 crores, up 986.3% from ₹7.0 crores in FY24.
• PAT Margins: 56.2%, up 5030 bps from 5.9% in FY24.

For Q4 FY25 (Y-o-Y Q4 FY24):

• Total Income: ₹36.6 crores, up 5.4% from ₹34.7 crores in Q4 FY24.
• EBITDA: ₹10.8 crores, up 59.0% from ₹6.8 crores in Q4 FY24.
• PAT: ₹7.7 crores, up 5727.6% from ₹0.1 crores in Q4 FY24.

Segmental Performance for Q4 FY25:

• Occupancy: 75.2% (Y-o-Y).
• ADR: ₹7769.0 (Y-o-Y 3.31% increase).
• RevPAR: ₹5248.5 (Y-o-Y -0.93% decrease).
• Room Revenue: ₹19.2 crores (Y-o-Y -1.99% decrease).
• F&B Revenue: ₹15.0 crores (Y-o-Y 9.6% increase).

Commenting on the results, Mr. Ravinder Reddy Kondareddy, Managing Director & CEO, stated, "We are pleased to announce a strong performance this quarter and FY25, marking our first full-year report under the new management team. We have recorded a revenue of ₹136.02 Cr, reflecting a robust growth of 13.87% in FY25."

Key Developments:

• Pursuant to the Hon’ble Supreme Court’s order dated March 3, 2025, all litigation concerning the Telangana State Wakf Board’s claim over a portion of land owned by the Company has been conclusively resolved.
• Signed an Operating Agreement with Marriott Hotels India Private Limited for operations of a new hotel to be constructed at Madhapur, Hyderabad, with a capacity of up to 200 rooms.
• Renovation of existing hotels is progressing, including adding 56 new guest rooms, a new spa and gym, and a rooftop pool and bar to the Courtyard by Marriott. The renovation will be done in a phased manner over the next 3-4 years.

• Viceroy Hotels Limited submitted the Secretarial Compliance Report for the financial year 2024-25, as required under Regulation 24A of SEBI LODR Regulations, 2015.
• The report, issued by M/s. S.S. Reddy & Associates, indicates the following:
• Delay in filing half-yearly disclosure of Related Party Transactions for the half-year ended 31 March 2025 by one day, resulting in a penalty of ₹ 5,000 from each of the stock exchanges (BSE and NSE). The disclosure was filed on 31 May 2024 against the due date of 30 May 2024. The penalty has been paid, and the company will ensure timely compliance in the future.
• Non-disclosure of non-finalization of the forensic audit, leading to a warning letter from SEBI and NSE. The management clarified that the forensic audit, initiated by ARCIL and conducted by Baker Tilly, was in the draft stage when the CIRP process concluded. The management assured that they would abide by applicable laws and disclose all events as required.
• The company is compliant with applicable Secretarial Standards (SS) issued by ICSI.
• All applicable policies under SEBI Regulations are adopted with the approval of the board of directors and are in conformity with SEBI Regulations.
• The listed entity maintains a functional website with timely dissemination of information.
• None of the directors are disqualified under Section 164 of the Companies Act, 2013.
• Details related to subsidiaries have been examined; all subsidiaries were sold by 2 July 2024.
• The company is preserving and maintaining records as prescribed under SEBI Regulations.
• Performance evaluation of the board, independent directors, and committees has been conducted.
• Prior approval of the audit committee has been obtained for all related party transactions.
• All required disclosures under Regulation 30 along with Schedule III of SEBI LODR Regulations, 2015, were provided within the prescribed time limits, except for a delay in disclosing a demand for payment of cross subsidy surcharge for FYs 2005-06 to 2014-15 for an amount of ₹ 3,55,99,834, which was delayed due to the contemplation of the demand notice and procedures involved in obtaining the stay order.
• The listed entity is in compliance with Regulation 3(5) & 3(6) SEBI (Prohibition of Insider Trading) Regulations, 2015.
• No actions have been taken against the listed entity/its promoters/directors/subsidiaries by SEBI or Stock Exchanges.

• Viceroy Hotels Limited approved audited standalone and consolidated financial results for the quarter and year ended 31 March 2025 in its board meeting held on 19 May 2025.
• The board also approved the statutory audit reports (standalone and consolidated) along with the Managing Director's declaration under Regulation 33(3)(d) of SEBI.
• Mr. Pradyumna Kodali resigned as Chief Financial Officer (CFO) w.e.f. 31 May 2025 but was appointed as Chief Operating Officer (COO) w.e.f. 01 June 2025.
• Mr. P.V. Krishna Reddy was appointed as the new Chief Financial Officer (CFO) of the company.
• M/s. Murthy & Kanth, Chartered Accountants, were appointed as Internal Auditors for the financial year 2025-26.
• M/s. S.S. Reddy & Associates, Company Secretaries, were appointed as Secretarial Auditors of the company.
• The company had 2 complaints at the start of the quarter, received 1 complaint, resolved 3 and had 0 unresolved complaints at the end of the quarter.
• The Board of Directors approved the issuance of equity shares of the Company for an amount up to ₹ 4,952.00 lakhs by way of rights issue to the eligible equity shareholders of the Company as on the record date.The company has raised ₹ 4,951.58 lakhs through this right issue. On 31st December 2024, allotment process was completed.

Viceroy Hotels Limited declared the results of its postal ballot on 15 Mar 25, following a notice dated 6 Feb 25. Key highlights include:

• Appointment of Ms. Shruti Gupta as a Non-Executive Independent Director, effective from 7 Feb 25. This resolution was passed.
• Rejection of the resolution for approval of a related party transaction with Mrs. K. Sukanya Reddy, Mr. B. Amarender Reddy, Mr. B Arvind Reddy, and Mr. R. Gireswara Reddy. This transaction involved leasing land admeasuring 7,260 sq yds in Madhapur, Rangareddy district for 25 years to construct a hotel. The proposed financial terms included:
  • A refundable deposit of ₹5 crores (Indian Rupees Five Crores), with ₹10 lakhs (Indian Rupees Ten Lakhs) as token advance and the balance ₹4 crores 90 lakhs (Indian Rupees Four Crores Ninety Lakhs) payable upon receiving approvals.
  • A monthly lease rental of ₹15 lakhs (Indian Rupees Fifteen Lakhs), with a 5% annual escalation or 25% of monthly EBITDA, whichever is higher, from the commencement of hotel operations.

The postal ballot voting period was from 13 Feb 25 to 14 Mar 25, with a cut-off date of 8 Feb 25.

Viceroy Hotels Limited (VHLTD) has announced an Extraordinary General Meeting (EGM) scheduled for 16 Apr 25 at 11:00 A.M. (IST) via Video Conferencing/OAVM. The meeting aims to secure shareholder approval for a related party transaction involving the leasing of land to construct a hotel.

The company intends to lease land admeasuring up to 7,260 sq yds located at Plot no.s 11, 12, and 13 in Sy no. 73, 74, and 75 (parts) at Madhapur Village, Serilingampally Mandal, Rangareddy district for a period of 25 years from related parties: Mrs. K. Sukanya Reddy, Mr. B. Amarender Reddy, Mr. B Arvind Reddy, and Mr. R. Gireswara Reddy.

The financial details of the transaction include:

• A refundable deposit of Rs 5 crores, comprising:
  • Token advance of Rs 10 lakhs
  • Balance of Rs 4.90 crores payable upon receiving necessary approvals.
• Monthly lease rental of Rs 15 lakhs with an annual escalation of 5% or 25% of EBITDA, whichever is higher, starting from the hotel's operational commencement.

Remote e-voting will be available from 13 Apr 25 (9:00 A.M. IST) to 15 Apr 25 (5:00 P.M. IST). The cut-off date to determine voting eligibility is 10 Apr 25.