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.
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Chart · Market context
Hemisphere Properties India price & chart
Quarter overview
Quarterly earnings analysis
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.
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.
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.
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.
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.
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.
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
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.
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.
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
| Metric | Q1 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 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.
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.
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
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
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
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
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
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.
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
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.
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
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?
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12 · Next filing checkpoints
What the next disclosure can confirm or change
- 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.
- 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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