Hubtown Limited Announces Quarterly Results and Plans Up To US$ 150 Million Foreign Currency Convertible Bond Issuance

Hubtown Limited Announces Quarterly Results and Plans Up To US$ 150 Million Foreign Currency Convertible Bond Issuance​

Hubtown Limited today released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also announced plans to raise funds by issuing foreign currency convertible bonds (FCCB), with a committee formed to finalize the terms of the proposed issuance.

The Board of Directors held a meeting on August 03, 2026, reviewing and approving these financial results. Hubtown operates primarily in the Real Estate Development sector.

Financial Performance Summary​

The company reported strong performance across both standalone and consolidated metrics for the quarter ended June 30, 2026. The results are presented below (figures are in Lakhs, unless otherwise noted):

Table 1: Q ended June 30, 2026 Results Comparison


For the full year ended March 31, 2026 (as applicable in the respective reports), the total income stood at 51,017 Lakhs in the standalone results and 83.291 Lakhs in the consolidated results.

Fundraising and Corporate Strategy​

In connection with corporate growth plans, Hubtown Limited is exploring fundraising through the issuance of Foreign Currency Convertible Bonds (FCCB). The company intends to raise funds through this instrument up to US$ 150 Million on a private placement basis.

The Board of Directors has constituted an FCCB Committee to finalize the terms and conditions associated with the fund raising. This move aligns with the company's focus on future capital expenditure in its real estate projects.

Management Commentary​

During the review of the results, the management provided several insights related to ongoing financial matters:

• Inter-Corporate Deposits: The company reported not having provided for interest amounting to 528.48 Lakhs on certain inter-corporate deposits for the quarter ended June 30, 2026. Management noted that they have held various meetings with respective lenders seeking a reduction in the rate of interest or waiver of interest, and they have settled with one major private lender during the current quarter.
• Guarantees: The company issued corporate guarantees to financial institutions and other entities on behalf of some subsidiaries, totaling approximately 76,040.01 Lakhs. Management maintains that these guarantees were necessary to support the business interests of the respective entities, and they believe there would be no sustainable claims against the company regarding these guarantees.
• Investments: The company holds investments in certain subsidiaries, jointly controlled entities, and associates. While some of these entities incurred losses or had negative net worth as at the period end, management stated that the underlying projects are still under development and are expected to achieve adequate profitability upon substantial completion.

The Board meeting concluded with the presentation of comprehensive financial data for both the standalone and consolidated results, which were reviewed by the Audit and Compliance Committee before being taken on record.

HUBTOWN Stock Price Movement​

Hubtown Limited shares settled higher today after rallying by 1.26% in post-market trading, closing at ₹192.99. The stock saw active engagement from investors, with 350,784 shares recorded during the day's session.