Hinduja Global Solutions Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Hinduja Global Solutions reported FY2025-26 standalone revenue of Rs. 1,827.12 crore, up 6.8% from Rs. 1,711.09 crore in the prior year. However, the company recorded a net loss of Rs. 160.58 crore, significantly narrower than the prior year's loss of Rs. 322.78 crore. Total income including other income (primarily forex gains of Rs. 81.89 crore) was Rs. 2,084.90 crore. Employee costs remained high at Rs. 867.68 crore and finance costs at Rs. 105.13 crore. The auditors (Haribhakti & Co. LLP) issued unmodified audit opinions on both standalone and consolidated results. An exceptional item of Rs. 8.70 crore was recognized due to the implementation of new Labour Codes. A key emphasis of matter was raised regarding a GAAR-related tax dispute where the Income Tax department has raised a potential demand of Rs. 281.59 crore related to the demerger of NXT Digital's DMC business; the Bombay High Court has granted an interim stay on this directive.
Although the net loss narrowed significantly year-on-year and revenue grew modestly, the company remains in loss territory. The GAAR-related contingent liability of Rs. 281.59 crore is a key risk factor, though currently stayed. The loss-making position and contingent tax liability may weigh on investor sentiment.