Hubtown Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
HUBTOWN · price
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Hubtown's board approved Q1 FY26 (ended June 30, 2025) unaudited results. On a standalone basis, revenue from operations rose to ₹14,207 lakhs from ₹11,846 lakhs a year ago, and net profit jumped to ₹6,731 lakhs versus ₹1,019 lakhs (Basic EPS ₹4.96 vs ₹1.27). Consolidated revenue grew to ₹18,741 lakhs with net profit of ₹8,221 lakhs versus ₹459 lakhs last year. However, the auditor issued a qualified review report because the company did not provide for interest of ₹1,884.62 lakhs on certain inter-corporate deposits, which understates finance costs and overstates profit. The board also approved re-appointment of statutory auditor JBTM & Associates LLP and appointment of a new secretarial auditor for 5-year terms, set the 37th AGM for September 25, 2025, discussed a preliminary proposal to raise its stake in Twenty Five Downtown Realty, and signalled plans to raise funds via equity shares or convertible securities (QIP/preferential/public issue).
The headline numbers look strong, but shareholders should note the auditor's qualification — actual finance costs are understated by nearly ₹19 crore, so reported profits are inflated. Separately, the company's intent to raise fresh equity or convertible securities could dilute existing shareholders if it goes ahead.