Hubtown Limited has informed the Exchange regarding 'Financial of Hubtown Limited for the financial year ending 31st March, 2026'.
HUBTOWN · price
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On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.5 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 reported standalone total income of Rs. 51,017 lakhs (up 31.7% from Rs. 38,719 lakhs) and net profit of Rs. 10,922 lakhs (up 43.1% from Rs. 7,631 lakhs) for FY ended March 31, 2026. However, the auditor issued a qualified opinion for the 8th consecutive time due to the company not providing interest expense of Rs. 1,751.85 lakhs on certain inter-corporate deposits, which understated finance costs and inflated profits. If adjusted, net profit would reduce to Rs. 9,170 lakhs. The auditor also raised emphasis of matter on Rs. 81,240 lakhs of corporate guarantees issued, investments in loss-making subsidiaries with eroded net worth, and business advances to related parties without charging interest.
The repeated qualified opinion signals ongoing accounting concerns around inter-corporate deposits. Shareholders should note that reported profits are overstated by Rs. 1,752 lakhs. The large corporate guarantees and exposure to loss-making subsidiaries pose contingent liability risks.