Low revenue and interest cost drive Hemisphere's Rs 3.2 cr loss
The standalone operating margin fell to -1,111.64%, leaving the company at the bottom of 20 reported Services peers.
Filed 11 Aug 2026, 13:30 IST · Hemisphere Properties India Ltd (HEMIPROP)
Key takeaways
- Hemisphere Properties reported a standalone net loss of Rs 3.2 cr in Q1FY27, as revenue of Rs 0.15 cr did not cover expenses of Rs 1.77 cr.
- Interest of Rs 2.19 cr and zero tax left the standalone net loss equal to the Rs 3.2 cr loss before tax.
- The standalone operating margin of -1,111.64% was 1,133.43 percentage points below the Services peer median reported by 20 companies.
Price around the results
Revenue did not cover the cost base
Hemisphere Properties generated standalone revenue of Rs 0.15 cr against expenses of Rs 1.77 cr, resulting in an operating loss of Rs 1.62 cr. The loss widened further below operating profit as interest cost reached Rs 2.19 cr, leaving profit before tax at a loss of Rs 3.2 cr.
Zero tax did not improve profit quality
Other income of Rs 0.64 cr provided only a partial offset to the operating loss and interest charge. With tax at zero, the net loss remained equal to the loss before tax at Rs 3.2 cr, indicating that the reported loss was not reduced by a tax charge or benefit.
Margin was far below the Services peer median
Hemisphere's standalone operating margin of -1,111.64% was 1,133.43 percentage points below the 21.79% median for 20 Services companies that had reported. The company ranked first from the bottom on this comparison.
Stock reaction was modest on the filing date
The stock's same-day return was -0.23% after the results were filed, while the volume ratio was 3.48x. There is no recent post-results history in the available record to judge whether this move was usual for the stock.
Q1FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹0 cr |
| Other income | ₹1 cr |
| Expenses | ₹2 cr |
| Operating profit | ₹-2 cr |
| Operating margin (%) | -1111.64% |
| Interest | ₹2 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹-3 cr |
| Tax | ₹0 cr |
| Net profit | ₹-3 cr |
| EPS (₹) | ₹-0.11 |
Operating margin of -1111.64% compares with a Services sector median of 21.79% across 20 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -0.23% | +0.23% |
Volume on the results session was 3.48× its 20-day average.
What to watch
- Whether revenue rises from Rs 0.15 cr while expenses remain below Rs 1.77 cr.
- Whether interest cost falls from Rs 2.19 cr.
- Whether operating margin improves from -1,111.64%.