Hemisphere Properties Approves Q2 Financial Results, Concludes Major Land Sale to Hypervault Data Center
Hemisphere Properties India Ltd., a Government of India Enterprise, has approved the Unaudited Standalone Financial Results for the quarter ended June 30, 2026. The company also confirmed the successful conclusion of a land sale transaction in Pune, Maharashtra, with Hypervault AT Data Center Limited.The Board of Directors held a meeting on Tuesday, August 11, 2026, and approved the Q2 results. These unaudited financial statements were subjected to a limited review by M/s Aggarwal & Rampal, Chartered Accountants, who issued a Limited Review Report with an unmodified opinion regarding the figures.
Hemisphere Properties' operations encompass the real estate sector, which is considered a single reportable primary business segment under Ind AS 108.
Key Financial Highlights (Quarter Ended June 30, 2026)
The company reported several key performance indicators for the quarter ended June 30, 2026. Total Income stood at 78.89, while total expenses amounted to 399.13. The company recorded a profit/loss before tax of (320.24).The unaudited results for the quarter were reviewed and taken on record by the Board of Directors, who commenced their meeting at 12:20 PM and concluded at 1:20 PM.
| Financial Metric | Q ended June 30, 2026 (Unaudited) |
|---|---|
| Revenue | 14.61 |
| Total Income | 78.89 |
| Employee benefits expenses | 12.32 |
| Finance costs | 218.63 |
| Profit/(Loss) before tax | (320.24) |
Land Parcel Sale to Hypervault AT Data Center Limited
The company had previously initiated a Request for Proposal (RFP) on February 18, 2026, seeking the sale of a land parcel located in Village Bopkhel, Pune, Maharashtra - 411031.Following an e-auction successfully conducted on May 12, 2026, Hypervault AT Data Center Limited emerged as the successful bidder, offering a highest bid of 2640.50 crore. Subsequently, after obtaining requisite approval from shareholders, Hemisphere Properties issued a Letter of Acceptance (LoA) to Hypervault AL Data Center Limited. The execution of the sale deed is contingent upon the fulfillment of all applicable terms and conditions stipulated in the RFP document.
Financial Performance Snapshot
In addition to the Q2 results, financial data for previous periods provides context on the company’s performance:| Reporting Period | Revenue (in Lakhs) | Total Income (in Lakhs) | Total Expenses (in Lakhs) | Profit/(Loss) before tax (in Lakhs) |
|---|---|---|---|---|
| Q ended June 30, 2026 | 14.61 | 78.89 | 399.13 | (320.24) |
| Q ended March 31, 2026 | N/A | N/A | N/A | N/A |
| Year ended March 31, 2026 | 23.86 | 159.15 | 123.44 | (264.29) |
For the full financial year ended March 31, 2026, the earnings per equity share were reported as follows:
| Metric (FY Ended 31/03/2026) | Value |
|---|---|
| Basic EPS | (0.09) |
| Diluted EPS | (0.09) |
HEMIPROP Stock Price Movement
As of 1:44 PM, shares of Hemisphere Properties India Limited are edging higher to ₹140.3, having climbed 2.48% in live trading. The stock remains active today, displaying significant intraday strength after trading within a range that spanned from a low of ₹135.5 to a high of ₹141.9.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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