Asian Hotels (East) Limited — Important, 08-11-2024: Financial Result Updates

Asian Hotels (East) Limited reported its unaudited financial results for Q2 and the first half of FY24, revealing a revenue of ₹230.38 lakhs, leading to a net profit of ₹310.50 lakhs. The company's total assets as of September 30, 2024, were ₹36,344.22 lakhs. Notably, the Odisha government has raised concerns about land lease issues linked to its subsidiary, GJS Hotels Limited, which resulted in a forfeiture of ₹3.5 crores in bank guarantees.