HUBTOWN: Hubtown Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025, Raising of funds through issuance of equity shares and / or convertible bonds (CBs), and / or non-convertible instruments and / or any other instruments and / or combination of instruments and the notice for extraordinary general meeting of the Shareholders to seek approval of the Shareholders for the aforesaid issuance of Securities and ancillary actions
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On the reaction day the stock moved 4.9 pts less than Nifty Microcap 250 and 4.9 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hubtown Limited's board approved unaudited Q3 FY26 results (quarter ended Dec 31, 2025) along with a plan to raise up to Rs. 6,000 million (~Rs. 600 crore) through equity shares, convertible bonds, or other instruments via QIP, preferential allotment, rights issue, or further public offer. Standalone nine-month revenue grew about 31% to Rs. 281.87 crore while net profit roughly doubled to Rs. 92.84 crore (EPS Rs. 6.68). On a consolidated basis, nine-month revenue rose around 55% to Rs. 483.51 crore and net profit jumped over 200% to Rs. 137.30 crore (EPS Rs. 9.04). However, standalone Q3 revenue dipped sharply by about 42% YoY to Rs. 27.60 crore, even as net profit rose to Rs. 23 crore. The auditor issued a qualified review report because the company has not booked interest of Rs. 19.05 crore for Q3 and Rs. 56.95 crore for nine months on certain inter-corporate deposits, which understates finance costs and inflates profit. An EGM notice will be sent to shareholders to approve the fund raise.
Shareholders may face dilution if the Rs. 600 crore equity-linked fund raise goes through, with an EGM vote required to approve it. The qualified auditor opinion and Rs. 651 crore in corporate guarantees for subsidiaries (some with negative net worth) are red flags worth watching. The strong nine-month profit growth is partially inflated by the unprovided interest, so true earnings are weaker than reported.