HGS Q1 FY27: Rs 66 Cr consolidated loss, revenue dips
HGS · price
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On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250 and 2.9 pts less than its Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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HGS reported Q1 FY27 consolidated loss of Rs 66.26 Cr vs profit of Rs 11.16 Cr YoY. Revenue fell to Rs 1,050.36 Cr from Rs 1,056.23 Cr. Standalone loss stood at Rs 62.05 Cr. Auditors flagged GAAR-related tax demand of Rs 281.59 Cr as emphasis of matter with Bombay High Court stay. AGM set for Sep 25.
Swing to quarterly loss, weak revenue and Rs 281.59 Cr tax overhang may pressure stock. Rs 5 final dividend provides some cushion.