Submission of unaudited standalone and consolidated financial result for the quarter ended 30th June 2025
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Hazoor Multi Projects reported strong Q1 FY26 results ended 30 June 2025. Standalone revenue from operations surged to ₹9,916.22 lakh from ₹3,415.53 lakh in Q1 FY25 (about 190% YoY growth), and standalone profit after tax jumped to ₹840.77 lakh from just ₹7.86 lakh a year earlier. On a consolidated basis, revenue grew to ₹18,001.83 lakh (vs ₹7,025.87 lakh), while PAT rose to ₹1,378.77 lakh (vs ₹946.43 lakh), helped by subsidiaries Hazoor Infra Projects and Square Port Shipyard. The auditor (VMRS & Co.) issued a clean limited review with no qualifications. On a separate note, the board approved a binding offer to acquire the EPC business of Gammon Engineers and Contractors Pvt Ltd and appointed Mr. Mukund Shriniwasrao Bilolikar as an Additional Independent Director for 5 years.
The sharp jump in revenue and profit shows strong project execution momentum in Q1 and is likely to be viewed positively by investors. The proposed Gammon EPC acquisition is a material corporate action that could meaningfully scale up the business if it goes through, but execution and funding risks remain until the deal closes.