Financial Results March 31, 2026

Pat NegativeRevenue Growth 20pctExceptional ItemResults View source PDF

HGM · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.7%1-day move

₹60.95

prior close

₹62.79

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+0.0-0.7+4.3+0.1-3.4-7.5-9.4-12.1-16.3——

Up moveDown movePending

AI summary

HGM reported standalone profit of Rs 562.17 lakhs for FY26 vs Rs 422.39 lakhs in FY25, with revenue growing from Rs 2,246.83 lakhs to Rs 5,675.74 lakhs (141% growth). However, consolidated results show a loss of Rs 305.39 lakhs vs profit of Rs 421.71 lakhs in FY25, primarily due to the acquisition of Aideo Technologies LLC through Healthcare Capital Holdings LLC. The company recognized Rs 1,809.10 lakhs in goodwill from this strategic AI-powered coding solutions acquisition. Finance costs increased significantly to Rs 108.87 lakhs (vs Rs 17.20 lakhs) due to debt assumed in the acquisition. Promoter reclassification requests and an office relocation within Pune were also approved.

Likely market impact

The standalone results show strong performance, but the consolidated loss due to acquisition costs raises concerns about integration execution. Shareholders should monitor if the Aideo acquisition delivers expected returns to offset the goodwill and debt impact.