HRH Next Services Limited Announces Audited Financial Results and Key Appointments for Fiscal Year 2026
HRH Next Services Limited announced the approval of its audited financial results for the half-year and full year ended March 31, 2026. The outcomes were reviewed and approved during the Board meeting held on May 30, 2026.The Board’s meeting also formalized key internal governance roles, including the appointment of the Internal Auditor and the Secretarial Auditor for subsequent financial years.
Audited Financial Performance (March 31, 2026)
The Company released comprehensive financial statements, including the Statement of Assets & Liabilities and Statement of Cash Flow, detailing performance through March 31, 2026.The following table summarizes the key figures from the Audited Statement of Assets and Liabilities:
| Particulars | As at 31st March 2026 | As at 31st March 2025 |
|---|---|---|
| I. EQUITY AND LIABILITIES | ||
| Shareholders' Funds (Total) | 4,143.87 | 3,657.52 |
| Non Current Liabilities (Total) | 646.96 | 466.60 |
| Current Liabilities (Total) | 4,978.55 | 1,331.14 |
| Total | 9,769.39 | 5,455.27 |
| II. ASSETS | ||
| Non Current Assets (Total) | 4,687.99 | 2,035.04 |
| Current Assets (Total) | 3,420.23 | 3,420.23 |
| Total | 9,769.39 | 5,455.27 |
The Statement of Financial Results for the period also showed significant revenue growth:
| Particulars | For the Half year ended 31st March 2026 (Audited) | For the Year ended 31st March 2026 (Audited) |
|---|---|---|
| Total Revenue (I+II) | 3,602.37 | 6,828.39 |
| Total Expenses | 3,254.58 | 6,193.43 |
| Profit Before Tax | 347.79 | 634.96 |
| Total Tax Expense | 69.83 | 148.61 |
| Profit After Tax | 277.96 | 486.35 |
| Earnings per share (Basic/Diluted) | 2.10 | 3.68 |
The Cash Flow Statement highlighted the Company's operating cash generation:
| Particulars | For the year ended 31st March 2026 | For the Year ended 31st March 2025 |
|---|---|---|
| Net Profit before Tax | 634.96 | 398.02 |
| Net Cash flow from operating activities (A) | 2,824.63 | (86.20) |
| Net cash flow from investing activities (B) | (3,199.89) | (858.83) |
| Net cash flow from financing activities (C) | 616.93 | 986.70 |
| Net Increase/Decrease of Cash and Cash Equivalents | 241.67 | 41.67 |
Audit and Governance Appointments
The Board meeting approved the appointment of external auditors for the coming financial years:1. Internal Auditor: M/s. Thumma & Associates, Chartered Accountants, were appointed as the Internal Auditor of the Company for the financial year 2026-27, based on the recommendation of the Audit Committee.
2. Secretarial Auditor: M/s. R&A Associates, Company Secretaries, were appointed as the Secretarial Auditor for the financial year 2025-26, also based on the recommendation of the Audit Committee.
Utilization of IPO Funds
The Company provided a detailed report on the utilization of funds raised through its Initial Public Offer (IPO) amounting to Rs. 9,56,88,000/-. The utilization of these funds, reported for the half-year and full year ended March 31, 2026, showed that no deviation or variation occurred from the originally stated objects.The details of the allocated and utilized funds are as follows:
| Object of Fund Raising | Amount Disclosed in Offer Document | Actual Utilized Amount | Unutilized Amount |
|---|---|---|---|
| Expansion of Service (2 Call Centres) | Rs. 135.19 Lakhs | Rs. 135.19 Lakhs | NIL |
| Capital Expenditure (Computer Systems) | Rs. 429.87 Lakhs | Rs. 429.87 Lakhs | NIL |
| Working Capital Requirements | Rs. 91.82 Lakhs | Rs. 91.82 Lakhs | NIL |
| General Corporate Expenses & Issue Expenses | Rs. 300.00 Lakhs | Rs. 299.05 Lakhs | 0.95 |
The balance of unutilized funds, amounting to Rs. 0.95 Lakhs, is reported as lying in an escrow account maintained with ICICI Bank as of March 31, 2026.
HRHNEXT Stock Price Movement
On Friday, shares of HRH Next Services Limited settled flat at ₹27, closing exactly in line with the previous trading session. The stock held its value, signaling a stable close as the equity maintained its prior day's closing price.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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