HPIL FY26 net loss widens to ₹1122.01 lakh
Hemisphere Properties India Limited announced its audited financial results for the year ended March 31, 2026, reporting a net loss of ₹1122.01 lakh compared to ₹751.85 lakh in the previous year. Total income decreased to ₹504.90 lakh, driven by a drop in other income, while finance costs rose. Additionally, the board approved the sale of land in Bopkhel, Pune, to HyperVault AI Data Center Limited for ₹640.50 crore, subject to regulatory approvals.
*this image is generated using AI for illustrative purposes only.
Hemisphere Properties India Limited announced its audited financial results for the quarter and year ended March 31, 2026, following a board meeting on May 20, 2026. The company reported a net loss of ₹172.38 lakh for the quarter ended March 31, 2026, compared to a loss of ₹105.57 lakh in the corresponding period of the previous year. For the full fiscal year, the net loss widened to ₹1122.01 lakh from ₹751.85 lakh in the prior year.
Financial Performance
Total income for the year ended March 31, 2026, stood at ₹504.90 lakh, a decrease from ₹782.76 lakh in the previous year. Revenue from operations for the year was ₹99.24 lakh, while other income declined significantly to ₹405.65 lakh from ₹692.12 lakh in FY25. Total expenses for the year increased to ₹1862.41 lakh from ₹1710.98 lakh, driven primarily by higher finance costs, which rose to ₹800.56 lakh from ₹609.41 lakh.
| Particulars | Year Ended 31 March 2026 (₹ in Lakh) | Year Ended 31 March 2025 (₹ in Lakh) |
|---|---|---|
| Total Income | 504.90 | 782.76 |
| Revenue from operations | 99.24 | 90.64 |
| Other income | 405.65 | 692.12 |
| Total Expenses | 1862.41 | 1710.98 |
| Finance costs | 800.56 | 609.41 |
| Net Profit/(Loss) | (1122.01) | (751.85) |
Strategic Developments
The board approved the outcome of the Request for Proposal (RFP) for the e-auction of land situated at Bopkhel, Pune. The e-auction process concluded on May 12, 2026, with HyperVault AI Data Center Limited emerging as the highest bidder (H1 bidder) with a bid amount of ₹640.50 crore. The board noted that the transaction falls within the ambit of a Related Party Transaction and approved HyperVault AI Data Center Limited as the successful bidder, subject to the approval of shareholders and other regulatory approvals. A Postal Ballot Notice has been approved in this regard.
Auditor's Report
The Statutory Auditors, Aggarwal & Rampal, provided an unmodified opinion on the standalone financial results. The report included an emphasis of matter regarding a provision for stamp duty payable amounting to ₹65,100 lacs, computed based on circle rates prevailing in FY 2016-17. The auditors also noted non-compliance with provisions regarding the appointment of Independent Directors, for which fines have been imposed by NSE and BSE.
Historical Stock Returns for Hemisphere Properties
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.59% | -4.68% | +9.72% | +3.74% | +6.67% | +2.58% |
How will the ₹640.50 crore proceeds from the HyperVault AI Data Center land sale at Bopkhel impact Hemisphere Properties' ability to reduce its mounting finance costs and reverse its widening net losses?
Given that the HyperVault AI Data Center deal is classified as a Related Party Transaction, what level of shareholder scrutiny and regulatory hurdles could delay or derail the transaction's closure?
With the unresolved stamp duty provision of ₹65,100 lacs based on FY 2016-17 circle rates, how might a revised or updated stamp duty assessment affect the company's financial position and the viability of the land transaction?
20
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
