<h1>UVS Hospitality And Services Reports Quarterly Results for Q1 FY26 Amid Operational Changes</h1>
UVS Hospitality And Services Ltd (formerly Thirdwave Financial Intermediaries Ltd) has announced its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors approved the consolidated and standalone results following a meeting held on August 10, 2026.
The company’s operational status during the period was noted, as restaurant operations were temporarily closed due to unavoidable circumstances, resulting in zero revenue from operations for the quarter across both consolidated and standalone statements. The other income reported for the quarter includes accounting gains arising from the derecognition of lease liabilities and corresponding right-of-use (ROU) assets.
Consolidated Financial Highlights
The consolidated financial results show total revenue reaching 4551.304 lakhs, against which total expenses stood at 3760.450 lakhs. This resulted in a profit from continuing operations of 790.854 lakhs.Key figures for the quarter ended June 30, 2026, and comparison periods are summarized below:
| Particulars | Q Ended 30-Jun-26 (Unaudited) | Q Ended 31-Mar-26 (Unaudited) | Q Ended 30-Jun-25 (Audited) | Q Ended 31-Mar-26 (Audited) |
|---|---|---|---|---|
| Revenue From Operations | 4504.22 | 3725.34 | 2402.37 | 13124.06 |
| Total Revenue | 4551.304 | 3749.044 | 2414.248 | 13176.554 |
| Total Expenses | 3760.450 | 3529.686 | 2297.694 | - |
| Profit/Loss before Tax (Continuing ops) | 790.854 | 219.358 | 116.554 | 1593.838 |
Standalone Performance Details
In the standalone results, total revenue for the quarter ended June 30, 2026, was reported at 37.148 lakhs. Total expenses were recorded at 93.676 lakhs, leading to a net loss of (56.527) lakhs from continuing operations.The standalone financial details are as follows:
| Particulars | Q Ended 30-Jun-26 (Unaudited) | Q Ended 31-Mar-26 (Audited) | Q Ended 30-Jun-25 (Unaudited) | Q Ended 31-Mar-26 (Audited) |
|---|---|---|---|---|
| Revenue From Operations | 0.00 | 35.84 | 39.81 | 182.53 |
| Total Revenue | 37.148 | 47.605 | 46.967 | 219.585 |
| Total Expenses | 93.676 | 167.195 | 148.913 | 619.926 |
| Net Profit/(Loss) (Continuing ops) | (56.527) | (109.52) | (101.947) | (390.278) |
Operational Structure and Subsidiaries
The company operates through various geographical segments, which are detailed below:| Geographical Area | Amount (in lakhs) | Percentage |
|---|---|---|
| Outside India | 4,026.05 | 89.38% |
| Within India | 478.17 | 10.62% |
The group includes the following wholly owned subsidiaries:
- UVS Investment Management Pty Ltd: A wholly owned Subsidiary incorporated in Australia, holding a 100% stake.
- British Brewing Company Private Limited: A wholly owned Subsidiary incorporated in India, holding a 100% stake.
The independent auditors reviewed the consolidated results and confirmed that the statements were prepared according to Indian Accounting Standard 34 (Ind AS 34). The audit also covered the standalone financial results, stating that the reports give a true and fair view in conformity with applicable accounting standards and other generally accepted accounting principles in India.
Stock Price Movement
UVS Hospitality and Services Ltd closed at ₹95.00 today, logging a 0.58% drop from the previous close. The shares saw significant intraday movement, trading between a low of ₹90.55 and a high of ₹97.98.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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