Outcome of Board Meeting Held on February 13, 2026 for approval of Unaudited Financial Results (Standalone & Consolidated) for the Third Quarter and Nine Months ended December 31, 2025
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HB Estate Developers' Board approved unaudited results for Q3 and nine months ended December 31, 2025, with auditors N.C. Aggarwal & Co. giving an unmodified opinion. Revenue from operations for Q3 FY26 stood at Rs. 3,345.68 lakhs, up about 6.5% from Rs. 3,141.36 lakhs in Q3 FY25, while nine-month revenue was nearly flat at Rs. 8,395.34 lakhs versus Rs. 8,446.77 lakhs last year. Profit after tax jumped 35% YoY to Rs. 650.49 lakhs in Q3 and rose 31% to Rs. 815.66 lakhs for 9M FY26, driven mainly by a sharp drop in finance costs (from Rs. 541.74 lakhs to Rs. 413.49 lakhs in Q3). Basic EPS rose to Rs. 2.98 for Q3 (vs Rs. 2.42) and Rs. 3.68 for 9M (vs Rs. 3.13). The company operates in a single segment (Hospitality). All 15 lakh convertible warrants issued earlier were fully converted to equity shares during Q2 and Q3, lifting paid-up capital to Rs. 22.96 crore.
Positive for shareholders: bottom-line growth of over 30% YoY despite flat top-line, supported by lower interest costs. The warrant conversion is fully done, removing future dilution uncertainty, though EPS remains modest in absolute terms.