Hinduja Global Solutions Limited has informed the Exchange regarding a press release dated May 29, 2026, titled "HGS REPORTS RS. 4,857 CRORE REVENUE FOR FY2026".
HGS · price
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Hindustan Global Solutions Limited reported standalone revenue of Rs. 1,827 crore for FY2026, up 6.8% from Rs. 1,711 crore in FY2025. The company continues to incur losses with standalone loss after tax of Rs. 160.58 crore, though this is significantly lower than the Rs. 322.78 crore loss in the previous year. The auditors issued an unmodified (clean) audit opinion. A key emphasis of matter was disclosed regarding GAAR-related tax proceedings where the Income Tax department raised a potential demand of Rs. 281.59 crore relating to the demerger of NXT Digital's business; the company has obtained an interim stay from Bombay High Court and the matter is sub judice. The company recognized Rs. 8.70 crore as exceptional items due to new Labour Codes implementation. Cost auditors ABK & Associates were reappointed for FY2026-27.
The stock may see mixed reaction - revenue growth is modest at 6.8%, but the significant reduction in losses is positive. The undisclosed Rs. 281.59 crore GAAR tax demand remains a contingent liability risk that investors should monitor, though the interim court stay provides some protection.