Outcome of Board Meeting
HUBTOWN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hubtown Ltd's Board approved audited financial results for Q4 and FY ended March 31, 2026. Standalone net profit reported at Rs. 10,922 Lakhs (EPS Rs. 7.81) but adjusted to Rs. 9,170 Lakhs (EPS Rs. 6.56) after auditors found Rs. 1,751.85 Lakhs interest on inter-corporate deposits was not provided. Consolidated net profit reported at Rs. 16,352 Lakhs (EPS Rs. 10.62), adjusted to Rs. 14,600 Lakhs. Auditors issued a qualified opinion for the 8th consecutive time due to this interest non-provision, with management stating they are renegotiating waiver terms with lenders. The Board also appointed new Internal Auditors (Pipara & Co. LLP) and Cost Auditors (Shekhar Joshi & Co.) for FY 2026-27. Additionally, the company increased stake in four Hubtown Bus Terminal subsidiaries (Ahmedabad, Vadodara, Mehsana, Adajan) effective February 3, 2026.
The qualified audit opinion and repeated non-provision of interest expense signals ongoing governance concerns. While reported profits appear healthy, the adjusted figures are materially lower. Shareholders should monitor the outcome of interest waiver negotiations with lenders.