Hubtown Limited has informed the Exchange regarding Board meeting held on May 22, 2025. for the Standalone and Consolidated Audited Financial Results of the Company for the year ended March 31, 2025;
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Hubtown Limited's board, at its May 22, 2025 meeting, approved standalone and consolidated audited financial results for FY25. Standalone total income rose sharply to Rs. 38,719 lakhs (from Rs. 23,716 lakhs in FY24) and net profit jumped to Rs. 7,631 lakhs (from Rs. 616 lakhs), taking reported EPS to Rs. 7.19. However, the auditor (JBTM & Associates LLP) issued a qualified opinion for the seventh consecutive year, flagging that the company has not provided for Rs. 7,381.14 lakhs of interest on inter-corporate deposits, which overstated net profit by that amount (adjusted EPS would be just Rs. 0.23). The board also approved re-appointment of Independent Director Mr. Kartik Ruparel for a second 5-year term, appointed new internal and cost auditors for FY26, and called an EGM covering borrowing limits, related-party transactions, and cancellation of 1,59,574 unsubscribed equity shares. Other income of Rs. 4,219.43 lakhs came from a one-time settlement with lenders, and 62.5 lakh equity shares were allotted to the promoter group on warrant conversion at Rs. 220 per share.
The headline profit growth looks strong, but the recurring qualified audit opinion materially tempers the picture — shareholders should treat reported profit cautiously as a large chunk depends on unpaid interest being waived. The seventh straight qualified opinion is a governance red flag, while promoter warrant conversion signals promoter confidence even as it adds dilution. Watch the EGM outcomes on borrowing limits and related-party deals.