Indian Hume Pipe Company Limited has successfully completed the sale of its freehold land in Azamabad Industrial Area, Hyderabad for ₹173.96 crores. The company executed and registered the sale deed on December 30, 2025, with ASBL Private Limited (formerly Ashoka Builders India Private Limited) as the buyer, and has received the entire sale consideration.

Transaction Overview

The land sale represents a significant asset monetization initiative by the infrastructure company. The transaction details are outlined below:

Management Commentary

Rajas Doshi, Chairman & Managing Director of Indian Hume Pipe, commented on the transaction: "Following 94 years of holding the Hyderabad property on leasehold, we obtained ownership recently this year and successfully concluded its sale within a short timeframe. The transaction, finalized through a competitive bidding process, was completed with ASBL Private Limited (formerly known as Ashoka Builders India Private Limited), a prominent and growing player in Hyderabad's real estate market."

Property Background and Transaction Process

The company had been in possession of this leasehold land since 1931. A significant development occurred when the Government of Telangana issued G.O.Ms.No.19 dated August 29, 2023, granting freehold rights to existing lessees. Indian Hume Pipe obtained freehold rights by paying conversion charges of ₹107.38 crores, including stamp duty, transfer duty, registration fees, and mutation fees.

Regulatory Compliance

The transaction has been disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that ASBL Private Limited does not belong to the promoter, promoter group, or group companies, making this a non-related party transaction conducted at arm's length.

Strategic Impact

This asset divestment provides Indian Hume Pipe with substantial liquidity that can be utilized for core business operations or future growth initiatives. The successful completion of this ₹173.96 crore transaction demonstrates the company's strategic approach to asset optimization and portfolio management in the infrastructure sector.

Indian Hume Pipe Company Limited , a prominent player in the construction sector, has reported a significant downturn in its financial performance for the second quarter of the fiscal year 2025-26. The company's latest financial results, approved by the Board of Directors on November 10, 2025, reveal a stark contrast to its performance in the same period last year.

Key Financial Highlights

Indian Hume Pipe reported a total income from operations of ₹376.33 crore for the quarter ended September 30, 2025, showing a modest increase of 5.54% compared to ₹356.57 crore in the corresponding quarter of the previous year.

However, the bottom line paints a grim picture. The company reported a net loss of ₹46.02 crore for Q2 FY2026, a sharp decline from the profit of ₹17.62 crore recorded in the same quarter last year. This represents a significant downturn of 361.18% in profitability.

Half-Yearly Performance

For the half-year period ended September 30, 2025, the company's financial struggles continued:

• Total income from operations stood at ₹695.63 crore
• Net loss for the half-year amounted to ₹75.09 crore

Segment-wise Performance

Indian Hume Pipe operates in two segments: Construction and Real Estate. The Construction segment generated revenue of ₹672.21 crore for the half-year ended September 30, 2025. The Real Estate segment did not report any revenue during this period.

Balance Sheet and Cash Flow

As of September 30, 2025, the company's balance sheet shows:

• Total assets of ₹2,749.86 crore
• Total liabilities of ₹1,349.58 crore
• Total equity of ₹1,400.27 crore

The cash flow statement indicates a net decrease in cash and cash equivalents of ₹32.14 crore for the half-year period.

Order Book

As of October 31, 2025, Indian Hume Pipe's order book stands at ₹3,922.66 crore, compared to ₹4,167.50 crore on November 7, 2024. Additionally, the company is L1 (lowest bidder) in a project valued at ₹625.94 crore.

Outlook

The construction industry faces headwinds, as evidenced by Indian Hume Pipe's financial performance. The company's ability to execute its order book efficiently and manage costs will be crucial for its recovery in the coming quarters.

Investors and stakeholders will be closely monitoring the company's strategies to return to profitability and capitalize on its substantial order book in the face of current challenges.