Audited Results
HBESD · price
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HB Estate Developers reported audited standalone and consolidated results for FY25. Revenue from operations rose to Rs. 11,769.55 lakhs from Rs. 10,940.11 lakhs last year, up about 7.6%. Profit before tax nearly doubled to Rs. 1,600.54 lakhs vs Rs. 732.96 lakhs, helped by lower finance costs (Rs. 2,182.34 lakhs vs Rs. 2,611.50 lakhs). Profit after tax jumped sharply to Rs. 1,079.45 lakhs from Rs. 388.89 lakhs, with EPS rising to Rs. 5.31 from Rs. 2.00. Other equity grew to Rs. 15,279.33 lakhs, partly due to conversion of 20 lakh promoter warrants into equity shares in March 2025. The statutory auditor N.C. Aggarwal & Co. issued an unmodified opinion on both standalone and consolidated results.
Strong earnings growth, falling finance costs, and warrant conversion are positive signals for shareholders, though the company remains in the hospitality segment and continues to carry high borrowings of about Rs. 28,414 lakhs against equity of Rs. 17,453 lakhs.