Auditors flag unprovided interest in Hubtown half-year results

Results restatedRevenue growth above 20%EBITDA margin compressionExceptional itemResults View source PDF Explain this filing

HUBTOWN · price

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

-0.1%Reaction day

₹182.11

prior close

₹190.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-2.5%+2.4% vs market

Residential Commercial Projects peers, median of 65sector-1.3%+1.2% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 1.2 pts more than its Residential Commercial Projects 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

Stock

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30m

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Reaction day

-0.1-2.5+2.4-1.3+1.2

Next day

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 65Pending

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AI summary

Hubtown's board approved unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2026. The auditors said interest of Rs 534.29 lakh for the quarter and Rs 1,062.77 lakh for the half-year was not provided on certain inter-corporate deposits and advances. This understates finance costs and the reported loss. The company is negotiating with lenders for a settlement.

Likely market impact

If settled or provided, the additional interest would increase the reported loss and could weigh on the stock until the issue is resolved.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹473.0 Cr	₹208.5 Cr	+126.9%
Operating profit	−₹13.03 Cr	₹3.71 Cr	−451.2%
Profit after tax	₹23.16 Cr	₹31.67 Cr	−26.9%
EBITDA margin	-0.3%	15.0%	−15.4 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.