Results-Financial Results for the First Quarter Ended 30th June, 2025
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HB Portfolio reported weaker Q1 FY26 results on both standalone and consolidated basis. Standalone revenue from operations fell sharply to Rs. 434.34 lakhs from Rs. 703.61 lakhs a year ago (~38% decline), with total income at Rs. 534.71 lakhs versus Rs. 703.61 lakhs. Standalone profit after tax dropped to Rs. 379.16 lakhs (vs Rs. 512.55 lakhs) and EPS came in at Rs. 3.52 vs Rs. 4.76. On a consolidated basis, revenue slipped to Rs. 769.52 lakhs from Rs. 875.29 lakhs, while PAT declined to Rs. 219.77 lakhs from Rs. 348.51 lakhs, translating to EPS of Rs. 2.04 vs Rs. 3.24. A notable chunk of standalone revenue (Rs. 338.62 lakhs) came as dividend from its subsidiary Taurus Asset Management. The auditor (N.C. Aggarwal & Co.) issued an unmodified limited review opinion on both sets of results. The board also extended the timeline to invest the remaining Rs. 10 crore in Infinix9 Hotels & Resorts by another year.
Year-on-year declines in both revenue and profit, with profits heavily reliant on subsidiary dividend, may weigh on near-term sentiment. However, profits remain healthy and book value stays intact (reserves over Rs. 215 crore standalone), so long-term holders are not directly threatened.