Results for the last quarter and year ended March 31, 2026
HBESD · price
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HB Estate Developers reported audited standalone and consolidated results for FY2026. Total income was Rs. 11,845.51 Lakhs, marginally lower than Rs. 12,006.66 Lakhs in FY2025. Profit after tax grew by 8.4% to Rs. 1,170.38 Lakhs from Rs. 1,079.45 Lakhs, driven by lower finance costs (down Rs. 532 Lakhs) and controlled expenses. Operating cash flow improved significantly to Rs. 4,547.22 Lakhs (vs Rs. 3,471.43 Lakhs). Total debt reduced by Rs. 2,623 Lakhs to Rs. 25,790 Lakhs. The company converted 15 lakh convertible warrants into equity shares during the year, increasing share capital. The statutory auditor issued an unmodified opinion, and M/s Marv & Associates LLP was re-appointed as internal auditor for FY2026-27.
Positive signals include PAT growth, strong operating cash generation, and debt reduction. However, revenue remained flat and EPS declined slightly to Rs. 5.19 due to increased share count from warrant conversion. Overall, the company shows improved profitability and cash position with manageable leverage.