Hemisphere Properties India Ltd Q1 FY27 Results

Hemisphere Properties India reported a standalone net loss of ₹3.20 Cr for Q1 FY27 (quarter ended June 30, 2026), 21% wider than the ₹2.64 Cr loss in Q1 FY26. Revenue from operations fell 39% YoY to ₹0.15 Cr from ₹0.24 Cr, and total income (including other income of ₹0.64 Cr) dropped 50% YoY to ₹0.79 Cr from ₹1.59 Cr, as total expenses of ₹3.99 Cr — dominated by finance costs of ₹2.19 Cr — ran nearly 5x total income. EPS was -₹0.11 versus -₹0.09 a year ago. Net margin deepened to roughly -406% of total income from about -166% in Q1 FY26, purely a function of a heavy interest load against a near-negligible revenue base rather than any operating cost blowout.

Sequentially the loss looks far worse — up 86% from Q4 FY26's ₹1.72 Cr — but that comparison is distorted: Q4 FY26 carried a one-off ₹2.36 Cr deferred-tax credit (the company assesses tax only annually), while its pre-tax loss was actually ₹4.08 Cr, wider than this quarter's ₹3.20 Cr pre-tax loss. On a like-for-like pre-tax basis the sequential trend improved, not worsened. No current or deferred tax was booked this quarter.

The stock went into the print at ₹138.27, down 1.1% over the past month of trading.

There is no analyst consensus or management guidance on record for this stock, and none surfaced in a web search for this print — both track record and outlook are effectively unstated by management in the filing. The real story this quarter sits off the P&L: the company concluded an e-auction on May 12, 2026 for its Bopkhel (Pune) land parcel, with Hypervault AI Data Center Limited — majority-owned by Tata Consultancy Services per public reporting — emerging as the successful bidder at ₹640.50 Cr against a ₹600 Cr reserve. A Letter of Acceptance has since been issued following shareholder approval; sale consideration and deed execution remain pending completion of RFP terms, so none of this value is in the current quarter's numbers.