Q1 FY27 results: Rs 2,231 cr HL Mando ANAND stake buy, preferential issue to promoter
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Q1 FY27 standalone revenue Rs 12,742 mn, up 19% YoY, PAT Rs 759.68 mn up 27%. Consolidated revenue Rs 14,257 mn, shareholder PAT Rs 1,073 mn. Board approved buying 28.99% in HL Mando ANAND India from promoter Asia Investments for Rs 2,231 cr (Rs 350 cr cash, balance via preferential shares at Rs 1,305.89). Also acquiring 30%-1 share in HL Klemove India for USD 98.44 mn. Promoter holding rising to 46.98%. Comparatives restated for merger scheme.
7.5% preferential dilution to fund Rs 2,231 cr HL Mando ANAND acquisition from promoter. Promoter stake rising from 42.67% to 46.98%. Comparatives restated.