Hemisphere Properties India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
HEMIPROP · price
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Hemisphere Properties India Limited, a Government of India enterprise in the real estate business, reported its Q1 FY26 (quarter ended June 30, 2025) unaudited standalone financial results. Revenue from operations grew about 21% to ₹23.86 lakhs from ₹19.68 lakhs in the same quarter last year. However, total income fell to ₹159.15 lakhs from ₹199.01 lakhs due to lower other income. The company reported a net loss of ₹264.29 lakhs, wider than the ₹209.84 lakhs loss in Q1 FY25. Total expenses rose to ₹423.44 lakhs, driven mainly by finance costs of ₹169.24 lakhs. Statutory auditor Aggarwal & Rampal issued a limited review report with an unmodified opinion but flagged important observations on non-compliance with Independent Director appointment rules, a large un-assessed stamp duty provision of ₹65,100 lakhs, and non-recognition of property tax for the Chennai land parcel.
Losses are widening and finance costs remain very high relative to income, signalling continued stress on profitability. The auditor's emphasis on regulatory non-compliance, a ₹651 crore un-reassessed stamp duty provision, and unrecorded property tax liabilities are material risk items that shareholders should track, as they could lead to significant future cash outflows.