Approval of Unaudited Financial Results (Standalone & Consolidated) for Third Quarter and Nine months ended December 31, 2025
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HB Estate Developers reported Q3 FY26 revenue from operations of Rs. 33.46 crore, up ~6.5% year-on-year from Rs. 31.41 crore. Nine-month revenue was nearly flat at Rs. 83.95 crore vs Rs. 84.47 crore last year. Profit after tax for the quarter jumped to Rs. 6.50 crore from Rs. 4.82 crore (up ~35%), while 9-month PAT rose ~31% to Rs. 8.16 crore from Rs. 6.21 crore. EPS for the quarter stood at Rs. 2.98 vs Rs. 2.42. The company operates only in the Hospitality segment. During the quarter, the remaining 7.5 lakh convertible warrants were exercised, raising Rs. 9.79 crore and increasing paid-up capital to Rs. 22.96 crore. Statutory auditors N.C. Aggarwal & Co. issued an unmodified (clean) limited review opinion on both standalone and consolidated results.
Strong profit growth driven by lower finance costs and better operating efficiency is positive for shareholders, though top-line growth remains modest. The full conversion of warrants is now complete, removing future dilution overhang.