Hubtown Reports 546% Surge in Q4 Profit Amid Strategic Consolidation
Hubtown Q4 PAT skyrockets 546% YoY to Rs 23 cr
Business Standard
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Hubtown's consolidated net profit surged 546.17% year-on-year to ₹22.81 crore in Q4 FY26, driven by a 65.37% increase in revenue to ₹160 crore. Despite rising expenses, the company is focused on strategic consolidation and aims for ₹6,000 crore in pre-sales for FY27.
- 01Hubtown's net profit increased by 546.17% to ₹22.81 crore in Q4 FY26.
- 02Revenue from operations rose 65.37% year-on-year to ₹160 crore.
- 03Total expenses surged 55.17% to ₹167.23 crore.
- 04The company is targeting ₹6,000 crore in pre-sales for FY27.
- 05Hubtown is focusing on strategic consolidation and enhancing operational efficiencies.
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Hubtown's consolidated net profit for Q4 FY26 soared by 546.17% to ₹22.81 crore, compared to ₹3.53 crore in the same quarter last year. Revenue from operations also saw a significant rise of 65.37%, reaching ₹160 crore. However, total expenses increased by 55.17% to ₹167.23 crore, with employee benefits expenses alone rising 81.71% to ₹12.52 crore. Despite facing some demand moderation due to macroeconomic challenges, Hubtown's Managing Director, Vyomesh Shah, emphasized the company's strong performance in the premium and luxury residential market in the Mumbai Metropolitan Region (MMR). The company achieved proforma pre-sales of ₹4,382 crore and collections of ₹1,910 crore for FY26, with a robust ₹11,365 crore in unrecognized revenue expected to enhance cash flow visibility. Hubtown is pursuing strategic consolidations, including the merger of entities developing key projects in Mumbai, aimed at improving operational efficiencies and unlocking value. Looking ahead, Hubtown is targeting ₹6,000 crore in pre-sales and ₹3,000 crore in cash collections for FY27, with a focus on disciplined execution and sustainable growth.
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The significant profit and revenue growth indicate a positive trend for Hubtown, which could enhance job stability and investment opportunities in the real estate sector in Mumbai.
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