Hubtown Q1 profit falls sharply, board approves USD 150M FCCB raise
HUBTOWN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 1.4 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 reported Q1FY26 standalone PAT of Rs 1,771 lakhs, down 74 percent YoY, on revenue of Rs 2,122 lakhs (down 85 percent). Consolidated PAT fell 68 percent to Rs 2,658 lakhs. Auditor issued a qualified review, noting Rs 528.48 lakhs of interest on inter-corporate deposits was not provided for, overstating profit. Board approved raising up to USD 150 million via FCCBs on private placement basis.
Weak results and auditor qualification may weigh on sentiment; large FCCB issue could lead to equity dilution if converted.