HandsOn Global Management (HGM) Limited has informed the Exchange regarding Outcome of Board Meeting held on May 30, 2026.
HGM · price
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HGM Limited reported mixed annual results for FY2026. On a standalone basis, revenue grew 153% to Rs 5,675.74 lakhs with PAT up 33% at Rs 562.17 lakhs. However, consolidated results show a net loss of Rs 305.39 lakhs (vs profit of Rs 421.71 lakhs last year) despite revenue more than doubling to Rs 5,947.76 lakhs. The consolidated loss is driven by high employee costs (Rs 5,015.99 lakhs), increased finance costs (Rs 108.87 lakhs), and other expenses of Rs 1,030.18 lakhs from newly acquired subsidiaries. The company completed acquisition of Aideo Technologies LLC (AI-powered coding solutions) through its subsidiary HCH for Rs 1,697.06 lakhs goodwill. Operating cash flow turned negative at Rs 447.94 lakhs. Auditors issued unmodified opinion. Promoters have requested reclassification to public category and the registered office is shifting within the same building.
The stock shows a major divergence between standalone profitability and consolidated losses due to acquisition costs and subsidiary expenses. Revenue growth is exceptional at 165%, but negative consolidated PAT and operating cash flow are concerning. The promoter reclassification request could signal reduced promoter holding ahead.