Submission of unaudited financial result for quarter and nine month ended 31st December 2025.
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Awaiting price reaction for this filing.
Hazoor Multi Projects reported standalone revenue from operations of Rs 7,597 lakhs for Q3 FY26, up about 34% from Rs 5,676 lakhs in Q3 FY25. For the nine-month period, standalone revenue grew roughly 55% to Rs 25,920 lakhs (from Rs 16,740 lakhs) and standalone profit after tax rose about 58% to Rs 1,243 lakhs (from Rs 786 lakhs). On a consolidated basis, nine-month revenue rose modestly to Rs 42,117 lakhs but profit after tax dropped about 55% to Rs 1,031 lakhs, largely because Q2 FY26 had a Rs 994 lakh consolidated loss. The auditor flagged an Emphasis of Matter regarding the loss of control over Vyom Hydrocarbon Pvt Ltd (VHPL) in December 2025 after compulsory convertible debentures were converted and the company's stake fell below 50%; the company says it lacked complete statutory records for the conversion. The board also appointed a new Independent Director (Kiran Kurundkar) and a new Company Secretary (Anushree Tekriwal).
Standalone performance shows strong top-line and bottom-line growth, which is positive for shareholders, but consolidated earnings weakened sharply and the unexpected loss of control over a subsidiary along with incomplete records raises governance concerns worth watching. The auditor's unmodified review limits the damage, but the VHPL matter and swings in consolidated profitability could weigh on the stock in the near term.