Other income exceeded pre-tax profit as Hubtown filed Q1 after close
Interest costs were higher than operating profit, while management reported Rs 5,350 million of pre-sales and outlined projects in planning.
Filed 03 Aug 2026, 17:53 IST · after market close · HUBTOWN (HUBTOWN)
Key takeaways
- Other income of Rs 46.82 cr exceeded profit before tax of Rs 32.36 cr, making reported earnings dependent on non-operating income.
- Interest expense of Rs 41.78 cr was higher than operating profit of Rs 28.41 cr on consolidated revenue of Rs 155.62 cr.
- Management reported Q1 FY27 pre-sales of Rs 5,350 million and collections of Rs 3,201 million.
Interest burden outweighed operating profit
Consolidated revenue of Rs 155.62 cr produced an operating profit of Rs 28.41 cr, while interest expense was higher at Rs 41.78 cr. Other income of Rs 46.82 cr exceeded profit before tax of Rs 32.36 cr, which weakens the quality of reported earnings. The 17.86% tax rate applied after this pre-tax result.
Pre-sales and collections set the operating context
Management said Hubtown recorded pre-sales of Rs 5,350 million and total collections of Rs 3,201 million in Q1 FY27. It also said the quarter focused on delivering existing projects, alongside its commitment to growth across projects in FY27.
Planning pipeline includes Thane and Khalapur projects
The presentation identifies 25 Chalets in Thane as a residential project in advanced planning, with 0.89 msf of carpet area. It also lists 25 Estates: Weekend Homes in Khalapur with 2.67 msf, while management's presentation places the 26.64 msf Sunstream City mixed-use project in the planning stage as a 40.67% joint venture.
Results were filed after market close
Hubtown filed the consolidated results after market close on 3 August 2026. The stock's immediate post-result reaction is therefore not yet part of the quarter's assessment.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹156 cr |
| Other income | ₹47 cr |
| Expenses | ₹127 cr |
| Operating profit | ₹28 cr |
| Operating margin (%) | 18.26% |
| Interest | ₹42 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹32 cr |
| Tax | ₹6 cr |
| Net profit | ₹27 cr |
| EPS (₹) | ₹1.75 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- Hubtown achieved total collections of ₹3,201 million in Q1 FY27.
- Hubtown reported pre-sales of ₹5,350 million in Q1 FY27 and focused on delivering existing projects.
Guidance & outlook
- Management said Hubtown remains committed to achieving robust growth across its projects in FY27.
Expansion
- 25 Chalets is a residential project in Thane in the advanced stages of planning, with 0.89 msf of carpet area.
- 25 Estates: Weekend Homes is a residential project in Khalapur in the advanced stages of planning, with 2.67 msf of carpet area.
- Sunstream City is a 26.64 msf mixed-use project in the planning stage, structured as a 40.67% joint venture.
- Hubtown Commercial off BKC is a 0.30 msf commercial project in the planning stage, structured as a 50% joint venture.
Problems & risks
- Management described Q1 FY27 as taking place despite strong headwinds.
What to watch
- Whether operating margin holds around 18.26% without a larger gap between interest expense and operating profit.
- Whether quarterly pre-sales remain near the Rs 5,350 million reported for Q1 FY27.
- Whether collections track the Rs 3,201 million reported in Q1 FY27.