HGM has informed the Exchange regarding Board meeting held on August 14, 2025 along with Q1 Results and Press Release on Q1 results and and Investor Information.
HGM · price
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Awaiting price reaction for this filing.
HGM Limited reported strong standalone Q1 FY26 results with revenue from operations at ₹1,360.90 lakhs, up 146% QoQ and 144% YoY, driven by AI-enabled services and a headcount jump from ~600 to ~1,300 employees. Profit Before Tax more than doubled to ₹240.49 lakhs (+126% YoY), Profit After Tax grew 122% YoY to ₹172.86 lakhs, and EBITDA rose 113% YoY to ₹289.38 lakhs. EPS climbed 121% YoY to ₹1.37. The company remains debt-free with strong liquidity (Other Equity ₹1,919.87 lakhs). The board also approved the sale/transfer of wholly-owned US subsidiary HOVS LLC and the incorporation of a new Cayman Islands subsidiary (HCI LLC). Statutory auditor Lodha & Co LLP issued an unmodified review opinion. The company's new website is now live following its rename from HOV Services to HGM Limited, reflecting its AI-driven healthcare services pivot.
Sharp revenue and profit growth, combined with debt-free status, signals healthy operational momentum that could be supportive of the stock. Investors should watch the proposed HOVS LLC divestment and Cayman incorporation, as these could reshape the group's structure, tax profile and capital allocation.