📈 Live Market Tracking
AI-Powered NSE Corporate Announcements Analysis
Hemisphere Properties Q3 Net Loss Widens to ₹3.24 Cr; Auditor Flags ₹640 Cr Stamp Duty Provision
Hemisphere Properties reported a net loss of ₹323.58 Lakhs for the quarter ended December 31, 2025, widening from a loss of ₹232.39 Lakhs in the previous year. Total income declined to ₹157.72 Lakhs from ₹183.06 Lakhs YoY, while total expenses rose to ₹481.29 Lakhs. The statutory auditor highlighted significant concerns, including non-compliance with independent director appointments and an un-reassessed stamp duty provision of ₹63,980.21 Lakhs based on outdated 2016-17 rates. Additionally, the company's recent attempt to monetize land in Pune via e-auction failed to attract any bids.
Key Highlights
Net loss widened to ₹323.58 Lakhs in Q3 FY26 compared to ₹232.39 Lakhs in Q3 FY25.
Total income for the quarter stood at ₹157.72 Lakhs, down 13.8% year-on-year.
Auditor noted non-compliance regarding the appointment of Independent Directors as per SEBI regulations.
Outstanding stamp duty provision of ₹63,980.21 Lakhs has not been re-assessed based on current circle rates.
Monetization efforts faced a setback as the e-auction for Pune land parcels in October 2025 received zero bids.
💼 Action for Investors
Investors should remain cautious as the company continues to report losses and faces significant regulatory and valuation uncertainties regarding its land bank. The failure of the recent land auction suggests potential difficulties in the near-term execution of its monetization strategy.