Handson Global Management (HGM) Limited has filed its financial results for the first quarter of FY27 with Indian stock exchanges. The submission, made on August 15, 2026, covers the period ended June 30, 2026. The company confirmed that the results were published in the Financial Express and Pune Loksatta newspapers on the same date.

The filing was made pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It was signed by the VP-Corporate Affairs, Company Secretary & Compliance Officer.

Data Availability

The source document provided for review contains significant encoding errors, resulting in unreadable text for all financial tables and narrative sections. Consequently, no specific figures regarding revenue, profit, or other key performance indicators can be reported from this filing.

Corporate Details

Handson Global Management (HGM) Limited, formerly known as HOV Services Limited, is registered under CIN L72200PN1989PLC014448. Its registered office is located at 4th Floor, Sharda Arcade, Pune Satara Road, Bibwewadi, Pune.

Handson Global Management (HGM) Ltd reported a significant deterioration in financial performance for the first quarter of FY26, with consolidated results swinging from profit to loss. The company posted a consolidated net loss of ₹206.27 lakh for the quarter ended June 30, 2026, compared to a net profit of ₹172.70 lakh in the corresponding period of FY25. This marks a sharp reversal from the previous quarter (Q4FY25), where the group recorded a net loss of ₹215.31 lakh, indicating continued volatility in group-level profitability.

Standalone operations also faced headwinds. Revenue from operations declined 28% year-on-year to ₹979.50 lakh, down from ₹1,360.90 lakh in Q1FY25. Consequently, the standalone entity reported a net loss of ₹30.79 lakh, contrasting with a net profit of ₹172.86 lakh in the same quarter last year. Employee benefits expense remained the largest cost component, accounting for ₹755.22 lakh or approximately 77% of standalone revenue.

Corporate Actions and Subsidiary Infusion

During its meeting on August 14, 2026, the Board of Directors approved several key matters alongside the financial results:

• Capital Infusion: The Board approved an infusion of up to US$ 2 million into its overseas subsidiary, Healthcare Capital Holdings LLC (HCI-LLC), based in the Cayman Islands. This capital contribution aims to fund business and operational requirements, subject to completing FEMA and AD-Bank formalities.
• CSR Policy: The Board reviewed and approved the company’s Corporate Social Responsibility (CSR) policy as per statutory requirements.
• Subsidiary Updates: The consolidated results include wholly owned subsidiaries HOVS LLC (USA) and Healthcare Capital Holdings LLC (USA). Notably, HOVS Holdings Limited (Hong Kong) was dissolved effective May 16, 2025.

Financial Performance Breakdown

The divergence between standalone and consolidated results highlights the impact of overseas operations and inter-company dynamics. While standalone other income stood at ₹29.15 lakh, it included a foreign exchange fluctuation loss of ₹7.19 lakh. In contrast, the consolidated statement showed higher "Other Expenses" at ₹383.47 lakh, up significantly from ₹113.16 lakh in Q1FY25, contributing to the wider group-level loss.

What the Numbers Show

A critical observation from the filing is the disparity between standalone and consolidated profitability drivers. While the standalone entity’s loss was primarily driven by high employee costs relative to declining revenue, the consolidated loss was exacerbated by a surge in "Other Expenses." Consolidated other expenses jumped to ₹383.47 lakh in Q1FY26 from ₹113.16 lakh in Q1FY25, representing a more than threefold increase. This suggests that non-operational costs or specific charges at the group level, rather than core operational inefficiencies alone, are weighing heavily on the bottom line. Additionally, the group’s investment in Exela Technologies Inc. is carried at fair value through other comprehensive income (FVOCI), with no impact on the profit and loss statement for the quarter.

The statutory auditors, Lodha & Co LLP, issued a review report with an unmodified conclusion on the unaudited consolidated and standalone financial results.