Hindustan Housing Company Resubmits Q1 Results After Signing Discrepancy
Hindustan Housing Company Limited resubmitted its Q1 FY2024 results due to a signing discrepancy. The revised results show robust performance with revenue from operations at Rs. 129.01 lakhs, total revenue at Rs. 221.96 lakhs, and profit after tax at Rs. 89.14 lakhs. The company's total comprehensive income reached Rs. 462.57 lakhs. The resubmission was signed by Chairman Mahendra Gohel, and the statutory auditors provided an unmodified opinion on the financial results.

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Hindustan Housing Company Limited, a provider of administrative and allied services, has resubmitted its unaudited financial results for the quarter ended June 30, following a signing discrepancy in the original submission. The company's revised results showcase a robust financial performance for the first quarter.
Financial Highlights
The company reported the following key financial metrics for Q1:
| Particulars | Amount (Rs. in Lakhs) |
|---|---|
| Revenue from Operations | 129.01 |
| Other Income | 92.95 |
| Total Revenue | 221.96 |
| Profit Before Tax | 116.83 |
| Profit After Tax | 89.14 |
| Total Comprehensive Income | 462.57 |
Correction of Signing Error
The resubmission was necessitated due to an inadvertent signing error in the original financial results. Initially, a Director had signed the document instead of the Chairman of the Board Meeting held on July 30. The company promptly addressed this discrepancy following communication from the BSE Ltd.
Revised Submission Details
The revised unaudited financial results were duly signed by Mahendra Gohel, the Chairman of Hindustan Housing Company Limited. Additionally, the company submitted a Limited Review Report dated July 30, issued by M/s M.M. Nissim & Co. LLP, the Statutory Auditors of the Company.
Performance Analysis
Hindustan Housing Company Limited demonstrated strong financial performance in Q1:
- The company's revenue from operations stood at Rs. 129.01 lakhs, showing growth compared to the previous quarter's Rs. 94.43 lakhs.
- Other income saw a significant increase to Rs. 92.95 lakhs, up from Rs. 38.40 lakhs in the preceding quarter.
- The profit before tax reached Rs. 116.83 lakhs, a substantial rise from Rs. 28.66 lakhs in the previous quarter.
- Total comprehensive income, including other comprehensive income, amounted to Rs. 462.57 lakhs.
Auditor's Review
M/s M.M. Nissim & Co. LLP, the Statutory Auditors, provided an unmodified opinion on the financial results. Their review was conducted in accordance with the Standard on Review Engagement (SRE) 2410, ensuring the reliability of the financial information presented.
Company Operations
Hindustan Housing Company Limited primarily operates in the segment of providing and rendering administrative and allied services. The company's financial results reflect its performance in this core business area.
The resubmission of Q1 results with the correct signatory underscores Hindustan Housing Company's commitment to regulatory compliance and transparent financial reporting. The strong financial performance demonstrated in this quarter sets a positive tone for the company's operations.
Historical Stock Returns for Hindustan Housing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | 0.0% | 0.0% | 0.0% | 0.0% | -100.00% |




























