HMVL Q3 FY26 results: PAT dips on Labour Code provision; Sameer Singh named MD

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HMVL · price

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

-1.9%Reaction day

₹70.55

prior close

₹69.42

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-2.1% vs market

Media peers, median of 18sector · industry level-0.1%-1.8% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 1.8 pts less than its Media 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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Sessions after the filingfrom the prior close

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Reaction day

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Next day

-0.8+2.2-2.9+1.0-1.8

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15d

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-14.3-5.2-9.1-15.2+0.9

-3.6+12.5-16.1+0.0-3.6

UpDownMarket · Nifty Microcap 250Sector · Media peers, median of 18Pending

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

AI summary

HMVL Q3 FY26 consolidated revenue at INR 21,224 lakhs, up about 7.5 percent YoY. Digital revenue rose about 73 percent YoY. Profit after tax fell sharply to INR 89 lakhs from INR 1,799 lakhs, hit by an exceptional loss of INR 1,609 lakhs from new Labour Code gratuity provisions. 9M FY26 PAT was INR 2,121 lakhs versus INR 3,238 lakhs last year. Board appointed Sameer Singh as Managing Director for five years from March 1, 2026.

Likely market impact

One-time Labour Code charge hurt Q3 profits; core revenue and digital growth remain strong. New MD appointment signals leadership refresh.