Outcome of Board Meeting
Price
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HB Portfolio's Board approved audited standalone and consolidated results for Q4 and full year ended 31 March 2025, with the auditor issuing an unmodified opinion. Standalone revenue from operations fell sharply to Rs. 14.92 crore (from Rs. 37.57 crore in FY24), a drop of about 60%, and the company slipped into a standalone loss after tax of Rs. 76.98 lakh versus a profit of Rs. 1.39 crore last year. On a consolidated basis, revenue declined to Rs. 27.84 crore (from Rs. 54.02 crore) and the group reported a marginal loss of Rs. 4.31 lakh after accounting for a Rs. 24.95 lakh share of loss from associate Merwanjee Securities. The Board also recommended appointing Mrs. Asha Mehra as Independent Director, reappointed M/s Marv & Associates LLP as Internal Auditor, appointed Mr. A.N. Kukreja as Secretarial Auditor for five years, and extended the timeline by 12 months to invest the remaining Rs. 10 crore in subsidiary Infinix9 Hotels & Resorts. The interim dividend of Rs. 1 per share declared earlier was confirmed as the final dividend for FY25.
The steep revenue decline and swing from profit to loss are negative signals for shareholders, though a clean audit report, positive operating cash flow of Rs. 8.32 crore (consolidated), and the maintained Re. 1 dividend offer some stability. Investors should watch the commodities trading segment, which drove the revenue fall, and the associate's ongoing losses.