Hubtown Limited Announces Audited Financial Results and Key Appointments for FY 2026-27
Hubtown Limited announced the approval of its Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026. The Board of Directors of the company also approved the appointment of new auditors for the Financial Year 2026-27.In its Board meeting held on May 14, 2026, the directors formally approved the audited financial results. Additionally, the Board announced the following appointments, based on recommendations from the Audit and Compliance Committee:
- M/s. Pipara & Co. LLP, Chartered Accountant, was appointed as the Internal Auditor for the Financial Year 2026-27.
- M/s. Shekhar Joshi & Co., Cost Accountant, was appointed as the Cost Auditor for the Financial Year 2026-27.
Financial Performance Highlights (Consolidated)
The company released financial data for the period ended March 31, 2026, alongside comparative results.The consolidated financial results for the year ending March 31, 2026, reflected the following key movements:
| Particulars | Year Ended 31.03.2026 | Year Ended 31.03.2025 |
|---|---|---|
| Total Income (a+b) | 83,291 Lakhs | 52,635 Lakhs |
| Total Expenses | 64,456 Lakhs | 42,983 Lakhs |
| Net Profit/(Loss) for the period | 16,808 Lakhs | 5,518 Lakhs |
| Total comprehensive Income/(Loss) | 16,348 Lakhs | 4,595 Lakhs |
The consolidated statement of assets and liabilities as of March 31, 2026, showed Total Assets recorded at 5,41,798 Lakhs, compared to 3,58,472 Lakhs as of March 31, 2025.
Consolidated Balance Sheet Snapshot (in Lakhs)
| Particulars | As at 31.03.2026 | As at 31.03.2025 |
|---|---|---|
| TOTAL ASSETS | 5,41,798 | 3,58,472 |
| Non-current Assets | 1,20,299 | 85,116 |
| Current Assets | 4,21,499 | 2,73,356 |
| TOTAL EQUITY | 2,66,473 | 2,46,973 |
| TOTAL LIABILITIES | 2,75,325 | 1,11,500 |
Audit Observations and Corporate Activities
The Independent Auditor's Report for the consolidated results for the year ended March 31, 2026, issued a Qualified Opinion. The qualification relates to the company not having provided for an interest expense amounting to Rs 1,751.85 Lakhs on certain inter-corporate deposits. The audit noted that this non-provision caused the finance cost for the quarter and year ended March 31, 2026, to be understated by Rs 431.96 Lakhs and Rs 1,751.85 Lakhs, respectively, resulting in a consequential increase in the reported profit.In other significant corporate developments, the company reported key transactions, including:
- Allotment of 62,50,000 equity shares of Rs 10/- each at a premium of Rs 210/- per share to persons forming part of the Promoter group upon conversion of an equal number of share warrants during the year.
- The company increased its stake in several entities, resulting in the establishment of new subsidiaries effective from February 3, 2026.
- Additionally, the company incorporated two new wholly owned subsidiaries, Hubtowncentral Private Limited and 25 Chalets Private Limited, for undertaking new real estate projects.
HUBTOWN Stock Price Movement
On Thursday, Hubtown Limited shares edged higher, closing at ₹226.61 after gaining 2.76% for the session. The stock finished the day with a robust volume of 1.35 million shares traded.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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