Q1 FY27: revenue dip, wider loss; Rs 281.59 cr GAAR tax risk flagged
HGS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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 Q1 FY27 results: standalone revenue dipped to Rs 448.36 cr from Rs 462.10 cr YoY; consolidated revenue was flat at Rs 1,050.36 cr. Standalone loss was Rs 62.05 cr; consolidated PAT swung to a Rs 66.26 cr loss from a Rs 11.16 cr profit (aided by discontinued ops last year). Media segment posted Rs 64.23 cr loss. Auditors flagged an Emphasis of Matter on a Rs 281.59 cr GAAR tax demand, currently stayed by Bombay HC. Board set Sept 25 AGM and Rs 5 per share final dividend.
Wider losses and a large tax overhang may weigh on sentiment, though GAAR matter is stayed. Dividend provides some support.