Hemisphere Properties India LimitedQ1 FY27 Results & Financial Update

Hemisphere Properties India Limited: Q1 FY27 standalone results and company financials – revenue ₹0.15 Cr, PAT ₹-3.20 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: HEMIPROPPublished 18 Oct 2026Updated 18 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹0.15 CrReported Q1 FY27
Profit after tax₹-3.20 CrReported Q1 FY27
EPS₹-0.11Reported Q1 FY27

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Quarterly Results AnalysisExplore Hemisphere Properties India Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Hemisphere Properties India Limited recorded revenue from operations of INR 0.1461 crore for the quarter ended June 30, 2026, alongside other income of INR 0.6429 crore, bringing total income to INR 0.7890 crore.

02

The company posted a net loss (Profit/Loss after tax) of INR 3.2024 crore for the first quarter of fiscal year 2027, resulting in a basic and diluted earnings per share of negative INR 0.11.

03

Total expenses for the quarter stood at INR 3.9913 crore, driven notably by finance costs of INR 2.1863 crore and other expenses of INR 1.6469 crore, outweighing total income.

04

Employee benefits expenses were reported at INR 0.1232 crore, while depreciation, amortization, and impairment charges accounted for INR 0.0349 crore during the period.

05

No tax expense was recorded for the quarter, keeping the profit before tax and profit after tax identical at a negative INR 3.2024 crore.

06

The statutory auditors, M/s Aggarwal & Rampal, issued a limited review report with an unmodified opinion on the standalone financial results, alongside several emphasis-of-matter observations regarding board composition and legacy statutory liabilities.

07

Profit after tax was ₹-3.20 Cr for the reported quarter. EPS was ₹-0.11 for the reported quarter.

01 · Business model

What does Hemisphere Properties India do?

Hemisphere Properties India Limited is a Government of India enterprise engaged primarily in the real estate sector, holding significant land parcels across various locations in the country.

The company's primary business model centers around the monetization, development, and strategic management of surplus land assets previously held by telecom entities or government departments.

Operating on a standalone basis, the enterprise generates revenue from real estate operations alongside other income streams such as interest or auxiliary receipts while managing substantial legacy real estate obligations.

02 · Historical context

What shaped the business before this quarter

Land monetization e-auction

On May 12, 2026, Hypervault AI Data Center Limited emerged as the successful bidder with a highest bid of INR 640.50 crore for a land parcel situated at Village Bopkhel, Pune, following a Request for Proposal issued on February 18, 2026.

Chennai land conveyance

The company previously paid INR 7.7430 crore out of INR 65.1000 crore estimated for stamp duty during financial year 2022-23 for Chennai land, and the conveyance deed has been executed for the said land.

Kolkata mutation charges

During financial year 2023-24, an amount of INR 3.1620 crore for development fees and mutation charges on the Kolkata land parcel was appropriated and paid in May 2024.

03 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹0.15 Cr
Total income₹0.79 Cr
Profit before tax₹-3.20 Cr
Profit after tax₹-3.20 Cr
EPS₹-0.11

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented -2,191.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to -2,191.9% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹0.64 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Operations and other income

Revenue from operations contributed INR 0.1461 crore, while other income contributed INR 0.6429 crore, totaling INR 0.7890 crore in overall top-line receipts for the quarter.

What drove margins

Cost structure impact

The company's bottom line is heavily pressured by high finance costs of INR 2.1863 crore and other expenses of INR 1.6469 crore relative to modest operating revenue, resulting in a negative net profit margin.

05 · Demand, customers & order book

Where demand is coming from

Bopkhel land parcel e-auction

Following shareholder approval, the company issued a Letter of Acceptance to Hypervault AI Data Center Limited for the sale of a land parcel in Bopkhel, Pune, for INR 640.50 crore, with the consideration to be received in accordance with RFP terms.

06 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single primary segment

In the context of Ind AS 108 on Segment Reporting, the company operates in a single reportable primary business segment: Real Estate.

07 · Reported developments

What changed operationally

Unmodified review report

Statutory auditors M/s Aggarwal & Rampal issued a limited review report with an unmodified opinion on the financial results for the quarter ended June 30, 2026.

Major land monetization progress

Successful conclusion of the e-auction for the Pune Bopkhel land parcel at INR 640.50 crore provides a substantial monetization milestone.

08 · Pressure points & risks

What is not going smoothly

Board composition non-compliance

Auditors noted that during the quarter, the company did not comply with Section 149 of the Companies Act and SEBI Listing Regulations regarding the appointment of Independent Directors on the Board and its committees.

Unquantified statutory liabilities

Auditors highlighted unassessed stamp duty mutation liabilities, non-recognition of property tax/urban land tax liability for 53.04 acres in Chennai, and a Delhi Revenue Department notice regarding alleged short payment of stamp duty on share allotments.

09 · Beyond the numbers

What changed beyond the numbers

Reported update

Bopkhel land sale progress

The sale consideration for the Pune Bopkhel land parcel of INR 640.50 crore will be received per RFP terms, and the sale deed will be executed upon fulfilling all applicable terms and conditions.

10 · Key Q&A

The quarter, answered directly

What does Hemisphere Properties India do?

Hemisphere Properties India Limited is a Government of India enterprise engaged primarily in the real estate sector, holding significant land parcels across various locations in the country.

What is the clearest takeaway from Q1 FY27?

Hemisphere Properties India Limited recorded revenue from operations of INR 0.1461 crore for the quarter ended June 30, 2026, alongside other income of INR 0.6429 crore, bringing total income to INR 0.7890 crore.

What drove revenue or demand?

Revenue from operations contributed INR 0.1461 crore, while other income contributed INR 0.6429 crore, totaling INR 0.7890 crore in overall top-line receipts for the quarter.

What mattered most for margins or profitability?

The company's bottom line is heavily pressured by high finance costs of INR 2.1863 crore and other expenses of INR 1.6469 crore relative to modest operating revenue, resulting in a negative net profit margin.

What changed operationally beyond the headline numbers?

The sale consideration for the Pune Bopkhel land parcel of INR 640.50 crore will be received per RFP terms, and the sale deed will be executed upon fulfilling all applicable terms and conditions.

What are the main pressure points disclosed for the quarter?

Auditors noted that during the quarter, the company did not comply with Section 149 of the Companies Act and SEBI Listing Regulations regarding the appointment of Independent Directors on the Board and its committees.

11 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

12 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Bopkhel land transaction completion: Monitor the formal execution of the sale deed and receipt of the INR 640.50 crore consideration from Hypervault AI Data Center Limited.

  2. 02

    Independent director appointments: Track company action to address the audit observation regarding compliance with independent director requirements under the Companies Act and SEBI regulations.

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Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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