HGS Q2 FY26 results: standalone loss narrows, profit from discontinued ops

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HGS · price

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Price reactionminutes from the announcement price · days from the prior close

-2.8%Reaction day

₹512.20

prior close

₹507.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-2.5% vs market

Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers, median of 8sector+0.0%-2.8% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.8 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.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved Q2 and H1 FY26 results on Nov 10. Standalone loss narrowed to Rs 27.09 cr from Rs 75.88 cr YoY, while revenue rose to Rs 458.74 cr from Rs 422.86 cr. Consolidated revenue at Rs 1,091.04 cr with continuing ops loss of Rs 26.88 cr offset by Rs 57.49 cr profit from discontinued media ops. Statutory auditor Haribhakti issued unmodified review but flagged a GAAR tax matter involving Rs 281.59 cr now under writ petition at Bombay HC. Board reappointed Vynsley Fernandes as Whole-time Director for 3 years.

Likely market impact

Mixed results: standalone losses narrowing but consolidated continuing ops remain in red; Rs 281.59 cr GAAR tax matter is a key overhang.