HUBTOWN: Hubtown Limited has informed the Exchange about the revised financial results for the quarter ended December 31, 2025
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Hubtown Limited submitted a revised version of its Q3 and nine-month FY26 results, correcting a typographical error in a column heading on the consolidated statement — the underlying numbers are unchanged. For Q3 FY26 standalone, revenue from operations fell sharply to Rs. 2,760 lakhs (vs Rs. 4,795 lakhs in Q3 FY25), but net profit rose to Rs. 2,300 lakhs (vs Rs. 1,347 lakhs). On a 9-month standalone basis, revenue dropped to Rs. 11,220 lakhs (vs Rs. 28,187 lakhs), while net profit nearly doubled to Rs. 9,284 lakhs (vs Rs. 4,642 lakhs). Consolidated 9-month revenue grew ~55% to Rs. 48,351 lakhs and net profit jumped ~212% to Rs. 13,730 lakhs. The auditor (JBTM & Associates LLP) issued a qualified conclusion on both sets of results because the company has not booked Rs. 1,905.33 lakhs of interest for the quarter and Rs. 5,695.27 lakhs for nine months on certain inter-corporate deposits, as it seeks a waiver. If provided, this would have reduced reported profits.
The headline profit numbers overstate actual earnings by Rs. 5,695 lakhs on a 9-month basis due to unprovided interest on deposits, which investors should factor in. The corporate guarantees of Rs. 65,115 lakhs extended on behalf of subsidiaries with negative net worth are another risk flag. Despite the qualified auditor opinion, the restated filing itself does not change reported figures — it only corrects a presentation error.