Hubtown Limited — Quarter and year ended March 31, 2026
| I. Sl. No. | Particulars | Audited Figures (as reported before adjusting for qualifications) (Rs. In Lakhs) | Adjusted Figures (audited figures after adjusting for qualifications) (Rs. In Lakhs) |
|---|---|---|---|
| 1. | Turnover/Total Income | 51017 | 51017 |
| 2. | Total Expenditure | 38081 | 39833 |
| 3. | Net Profit/(Loss) | 10922 | 9170 |
| 4. | Earnings per Share | 7.81 | 6.56 |
| 5. | Total Assets | 401474 | 401474 |
| 6. | Total Liabilities | 116132 | 117884 |
| 7. | Net Worth | 285342 | 283590 |
| 8. | Any other financial item(s) [as felt appropriate by the management] |
| a. Details of Audit Qualifications |
|---|
| Auditor’s Qualifications |
| Para 3(a) |
| As stated in Note 14 to the accompanying standalone financial results of the Company for the year with regards the Company not having provided for interest expense amounting to Rs 1,751.85 Lakhs on certain inter-corporate deposits. Consequence to above, finance cost for the quarter and year ended March 31, 2026 has been understated by Rs. 431.96 Lakhs and Rs. 1,751.85 Lakhs respectively resulting in a consequential increase in profit for the quarter and year ended March 31, 2026. |
| Description | Details | |
|---|---|---|
| b. | Type of Audit Qualification | Modified Opinion |
| c. | Frequency of Qualification | Eight Time |
| d. | For Audit Qualification(s) where the impact is quantified by the Auditor, Management’s View: | Management’s View – Para 3(a) |
| The Company has not provided interest amounting to Rs. 1,751.85 Lakhs on certain inter-corporate deposits, as the Company is in the process of re-negotiating the terms/waiver of interest by respective lenders. Consequently, the finance cost for the quarter and year ended March 31, 2026 has been understated by Rs. 431.96 Lakhs and Rs. 1,751.85 Lakhs respectively resulting in consequential increase in profit for the quarter and year ended March 31, 2026. The management is hopeful of arriving at an amicable settlement shortly. | ||
| e. | For Audit Qualification(s) where the impact is not quantified by the Auditor | |
| i. | Management’s estimation on the Impact of audit qualification | Not Applicable |
| ii. | If Management is unable to estimate the impact, reasons for the same | Not Applicable |
| iii. | Auditor’s comments on (i) or (ii) above | None |
| For Hubtown Limited | For Hubtown Limited |
|---|---|
| ![Signature] | ![Signature] |
| Vyomesh M Shah | Sunil Mago |
| Managing Director | Chief Financial Officer |
| DIN : 00009596 |
| For Hubtown Limited | For J B T M & Associates LLP |
|---|---|
| ![Seal: HUBTOWN LIMITED] | Firm Registration No.: W100365 |
| Bhakti Jaywant Kothare | Chartered Accountants |
| DIN : 07381095 | ![Seal: J BTM & ASSOCIATES LLP CHARTERED ACCOUNTANTS] |
| Chairman – Audit and Compliance Committee | |
| Signature | Signature |
| Yashika Jain | |
| Partner | |
| Membership No.: 168952 |
| Particulars | Quarter ended 31.03.2026 Audited | 31.12.2025 Unaudited | 31.03.2025 Audited | Year ended 31.03.2026 Audited | 31.03.2025 Audited |
|---|---|---|---|---|---|
| Income | |||||
| a. Revenue from Operations | 7,031 | 2,760 | 5,796 | 35,218 | 27,279 |
| b. Other Income | 3,141 | 4,133 | 4,204 | 15,799 | 11,440 |
| Total Income (a+b) | 10,172 | 6,893 | 10,000 | 51,017 | 38,719 |
| Expenses | |||||
| a. Cost of construction and development | 3,246 | 6,665 | 2,867 | 14,096 | 16,439 |
| b. Purchases of stock-in-trade | – | – | – | 19,402 | – |
| c. Changes in inventories of work-in-progress, finished properties and FSI | (3,825) | (5,107) | (2,312) | (11,884) | (10) |
| d. Employee benefits expense | 314 | 275 | 305 | 1,126 | 786 |
| e. Finance costs | 5,906 | 1,420 | 1,044 | 9,245 | 3,723 |
| f. Depreciation and amortisation expense | 57 | 56 | 51 | 221 | 211 |
| g. Other expenses | 2,281 | 1,521 | 2,160 | 5,876 | 5,790 |
| Total Expenses (a+b+c+d+e+f+g) | 7,979 | 4,830 | 4,115 | 38,082 | 26,939 |
| Profit/(Loss) before Exceptional Item and Tax (1-2) | 2,193 | 2,063 | 5,885 | 12,935 | 11,780 |
| Add/(Less): Exceptional Item (net of tax expense) | – | – | – | – | – |
| Profit/(Loss) before Tax (3+/-4) | 2,193 | 2,063 | 5,885 | 12,935 | 11,780 |
| Tax Expense / (Credit) | |||||
| a. Current Tax | – | – | – | – | – |
| b. Deferred Tax Charge / (Credit) | 555 | (237) | 2,896 | 1,738 | 4,149 |
| c. Excess / (Short) provision for taxation in earlier years | – | – | – | 275 | – |
| Total Tax expense (a+/-b) | 555 | (237) | 2,896 | 2,013 | 4,149 |
| Net Profit/(Loss) for the period (5+/-6) | 1,638 | 2,300 | 2,989 | 10,922 | 7,631 |
| Other Comprehensive Income (net of tax) | (20) | – | 4 | (22) | 4 |
| Total Other Comprehensive Income/ (Loss) (7+8) | 1,618 | 2,300 | 2,993 | 10,900 | 7,635 |
| Paid-up Equity Share Capital – Face Value ₹ 10 each | 14,210 | 14,210 | 13,560 | 14,210 | 13,560 |
| Other equity (excluding revaluation reserve) | 2,71,132 | 2,50,568 | |||
| Earnings Per Equity Share of ₹ 10 each (not annualised) | |||||
| Basic EPS (₹) | 1.15 | 1.62 | 2.27 | 7.81 | 7.19 |
| Diluted EPS (₹) | 1.15 | 1.62 | 2.24 | 7.81 | 7.07 |
| Particulars | As at 31.03.2026 Audited | As at 31.03.2025 Audited |
|---|---|---|
| A. ASSETS | ||
| I. Non-current Assets | ||
| (a) Property, plant and equipment | 407 | 342 |
| (b) Investment Property | 1,901 | 2,472 |
| (c) Intangible assets | 125 | 32 |
| (d) Financial Assets | ||
| (i) Investments | 61,848 | 51,399 |
| (ii) Loans and Advances | 84,581 | 51,922 |
| (iii) Other Financial Assets | 882 | 640 |
| (e) Deferred Tax Assets (net) | – | 652 |
| (f) Other Non-current Assets | 158 | 157 |
| Sub-total – Non-current Assets | 1,49,902 | 1,07,616 |
| II. Current Assets | ||
| (a) Inventories | 1,17,168 | 1,06,165 |
| (b) Financial Assets | ||
| (i) Investments | 1,407 | 1,201 |
| (ii) Trade Receivables | 22,103 | 21,348 |
| (iii) Cash and cash equivalents | 4,513 | 2,744 |
| (iv) Bank balances other than (iii) above | 710 | 2,303 |
| (v) Loans and Advances | 12,204 | 5,038 |
| (vi) Other Financial Assets | 86,549 | 1,04,090 |
| (c) Current Tax Assets | 1,662 | 1,424 |
| (d) Other Current Assets | 5,256 | 6,543 |
| Sub-total – Current Assets | 2,51,572 | 2,50,856 |
| TOTAL ASSETS (I+II) | 4,01,474 | 3,58,472 |
| B. EQUITY AND LIABILITIES | ||
| I. Equity | ||
| (a) Equity share capital | 14,210 | 13,560 |
| (b) Other equity | 2,71,132 | 2,50,568 |
| TOTAL EQUITY | 2,85,342 | 2,64,128 |
| II. Liabilities | ||
| (i) Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 13,122 | 4,886 |
| (ii) Lease Liability | 91 | – |
| (iii) Other financial liabilities | 1,119 | 835 |
| (b) Deferred Tax Liabilities (Net) | 1,086 | – |
| (c) Provisions | 181 | 21 |
| Sub-total – Non-current Liabilities | 15,599 | 5,742 |
| (ii) Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 27,814 | 21,934 |
| (ii) Lease Liability | 37 | 40 |
| (iii) Trade payables | ||
| – due to MSME | 38 | 460 |
| – due to Other | 11,753 | 11,194 |
| (iv) Other financial liabilities | 26,631 | 11,477 |
| (b) Other current liabilities | 34,243 | 43,383 |
| (c) Provisions | 17 | 114 |
| Sub-total – Current Liabilities | 1,00,533 | 88,602 |
| TOTAL LIABILITIES (i+ii) | 1,16,132 | 94,344 |
| TOTAL EQUITY AND LIABILITIES (I+II) | 4,01,474 | 3,58,472 |
| Particulars | For the year ended 31st Mar, 2026 | For the year ended 31st Mar, 2025 |
|---|---|---|
| [A] CASH FLOW FROM OPERATING ACTIVITIES | ||
| Profit/(Loss) before tax | 12,935 | 11,780 |
| Adjustments for: | ||
| Interest Expenses | 9,234 | 3,282 |
| Interest expenses on financial liabilities measured at fair value | 1 | 428 |
| Interest expense on account of Right to use | 10 | 13 |
| Share of Profit / (Loss) from investment in partnership firms and JVs | (30) | (2) |
| Depreciation/Amortisation/Impairment of Property, Plant and Equipments and Intangible Assets | 178 | 162 |
| Depreciation on lease assets | 43 | 49 |
| Unwinding of Interest free loans | (91) | (80) |
| Provision for Doubtful Receivables/Advances/Sundry balances written off | 262 | 250 |
| Provision no longer required | (4,136) | (3,839) |
| Interest income | (9,043) | (854) |
| Remeasurement of the net defined benefit liability / asset | (22) | 4 |
| Interest income on financial liabilities measured at fair value | (7) | (344) |
| Unwinding of security deposits | (29) | (13) |
| Sundry credit balances appropriated | (2,376) | (383) |
| Income on account of OTS | – | (4,219) |
| Operating Profit/(Loss) before changes in working capital | 6,929 | 6,234 |
| Adjustment for (Increase)/Decrease in Operating Assets | ||
| Adjustments for decrease (increase) in inventories | (11,003) | 4,970 |
| Adjustments for decrease (increase) in trade receivables, current | (755) | (3,518) |
| Adjustments for decrease (increase) in other current assets | 1,287 | (613) |
| Adjustments for decrease (increase) in other non-current assets | (1) | 200 |
| Adjustments for other financial assets, non-current | (213) | 163 |
| Adjustments for other financial assets, current | 17,541 | (37,896) |
| Adjustment for Increase/(Decrease) in Operating Liabilities | ||
| Adjustments for increase (decrease) in trade payables, current | 137 | 1,694 |
| Adjustments for increase (decrease) in other current liabilities | (9,139) | (24,117) |
| Adjustments for provisions, current | (97) | (23) |
| Adjustments for provisions, non-current | 160 | (14) |
| Adjustments for other financial liabilities, current | 18,288 | (377) |
| Adjustments for other financial liabilities, non-current | 284 | 68 |
| Changes in Investments | 30 | 1 |
| Cash flow from operations after changes in working capital | 23,448 | (53,228) |
| Net Direct Taxes (Paid)/Refunded | (513) | (237) |
| Net Cash Flow from/(used in) Operating Activities | 22,935 | (53,465) |
| [B] CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of property, plant and equipment and intangible assets | (122) | (278) |
| Proceeds from sales of investment property | 450 | 537 |
| Cash receipts from repayment of advances and loans made to other parties | (39,825) | (11,729) |
| Cash payment towards loans and advances made to other parties | ||
| Investment in Subsidiaries | (10,449) | – |