Q1 FY27 results: net loss of Rs 206 lakh, revenue down 21% YoY

Revenue declinedNet loss reportedResults View source PDF Explain this filing

HGM · price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+0.2% vs market

IT Enabled Services peers, median of 73sector-0.6%+0.9% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.9 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

HGM (formerly HOV Services) reported Q1 FY27 revenue of Rs 1,079.89 lakh, down 21% YoY from Rs 1,360.90 lakh. The company swung to a net loss of Rs 206.27 lakh versus a profit of Rs 172.70 lakh last year. Other expenses jumped to Rs 383.47 lakh from Rs 113.16 lakh. Board also approved up to US$ 2 million capital infusion into Cayman Islands subsidiary HCI-LLC. Auditor Lodha and Co issued an unmodified review report.

Likely market impact

Sharp swing to loss with declining revenue and higher expenses points to a weak quarter; capital infusion reflects continued bet on overseas units.