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HB Estate Developers Ltd (532334)

📊 BSE: 532334 🏢 Residential, Commercial Projects 📢 Latest filing: 24 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, HB Estate's revenue was ₹27.7 Cr (+16.8% year on year, -15.8% on the previous quarter), and net profit ₹1.5 Cr (+304.7% year on year); the operating margin was 26.9%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹27.7	+16.8%	-15.8%
Operating profit	₹7.5	+13.9%	-31.4%
Net profit	₹1.5	+304.7%	-56.7%
EPS (₹)	0.67	+272.2%	-56.8%
Operating margin	26.9%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

HB Estate Developers: Demise of Key Managerial Personnel Ms. Banmala Jha

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 24 Aug 2026, 11:57 AM

HB Estate Developers Ltd reported the sad demise of Ms. Banmala Jha, Manager designated as Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013. Ms. Jha passed away on August 23, 2026, at the age of 70 years after a long association with the company. The company received the information on August 24, 2026, and filed the disclosure under Regulation 30 of SEBI LODR. The vacancy in the KMP role will require succession planning by the board.

Cessation of Manager (KMP) Ms. Banmala Jha effective August 23, 2026 due to demise
Intimation received by the company on August 24, 2026
Ms. Jha was 70 years old and associated with the company over a long tenure
Filing made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015

💡 Track subsequent exchange filings for the appointment of a successor Manager / KMP as required under statutory corporate governance timelines.

HB Estate Developers Intimates Demise of Manager & KMP Ms. Banmala Jha

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 24 Aug 2026, 11:54 AM

HB Estate Developers Limited reported the demise of Ms. Banmala Jha, Manager and Key Managerial Personnel (KMP) of the company, on August 23, 2026. Ms. Jha was 70 years old and had been associated with the company for a long tenure. The company received the information on August 24, 2026. A successor is expected to be appointed in due course to comply with Section 203 of the Companies Act, 2013.

Demise of Key Managerial Personnel Ms. Banmala Jha on August 23, 2026
Executive was 70 years of age with an extensive tenure at the company
Formal intimation received and filed with the exchange on August 24, 2026

💡 Track subsequent board disclosures regarding the appointment of a new Manager/KMP to fill the statutory vacancy.

HB Estate Developers Schedules 32nd AGM on September 9, 2026; Issues Annual Report Web-Link

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Aug 2026, 12:01 PM

HB Estate Developers has issued a communication to shareholders providing the web-link to its FY 2025-26 Annual Report and notice for the 32nd Annual General Meeting (AGM). The AGM is scheduled to take place on Wednesday, September 9, 2026, at 12:00 PM IST through Video Conferencing/OAVM. The company set Wednesday, September 2, 2026, as the cut-off date. Additionally, physical shareholders have been reminded to update their KYC details and dematerialize their shares.

32nd Annual General Meeting (AGM) scheduled for Wednesday, September 9, 2026, at 12:00 PM IST via VC/OAVM
Cut-off date established as Wednesday, September 2, 2026
Annual report and notice web-link provided for shareholders whose emails are not registered
Mandatory reminder to physical security holders to complete KYC updates (PAN, bank details, nomination) and dematerialize shares

💡 Shareholders holding physical shares should ensure their KYC details are registered with the RTA (RCMC Share Registry) and note the AGM date of September 9, 2026.

HB Estate Developers FY26 Annual Report: Net Profit at ₹11.70 Cr, AGM Set for Sept 9

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Aug 2026, 12:59 PM

HB Estate Developers has released its FY26 Annual Report, reporting a consolidated net profit of ₹11.70 crore, up from ₹10.79 crore in FY25. The company successfully reduced its weighted average cost of borrowing to 8.97% from 9.80% year-on-year. However, with a Debt-to-Equity ratio of 1.34 and all borrowings on floating rates, the company remains sensitive to interest rate hikes, with a 50 bps increase estimated to impact PBT by ₹79.55 lakhs. The 32nd Annual General Meeting is scheduled for September 9, 2026.

Net Profit for FY26 reached ₹11.70 crore compared to ₹10.79 crore in the previous year.
Weighted average cost of borrowing decreased by 83 basis points to 8.97% in FY26.
Interest rate sensitivity analysis indicates a 50 bps change impacts Profit Before Tax by ₹79.55 lakhs.
Basic and Diluted Earnings Per Share (EPS) for FY26 stood at ₹5.19.
The 32nd Annual General Meeting (AGM) is scheduled for September 9, 2026, via video conferencing.

💡 Investors should review the full annual report for management's outlook on the Gurugram real estate market and monitor any commentary during the September 9 AGM regarding debt refinancing or reduction plans.

HB Estate Developers to hold 32nd AGM on Sept 9, 2026; FY26 PAT at ₹11.70 Cr

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Aug 2026, 12:54 PM

HB Estate Developers has scheduled its 32nd Annual General Meeting for September 9, 2026. The company reported a net profit of ₹11.70 Cr for FY 2025-26, a modest increase from ₹10.79 Cr in FY 2024-25. Revenue remained stable at ₹117 Cr, while the weighted average cost of borrowing improved to 8.97% from 9.80% year-on-year. Despite the profit growth, the company remains highly leveraged with a debt of ₹258 Cr, significantly exceeding its market capitalization of ₹176 Cr.

Net Profit for FY26 reached ₹11.70 Cr, up from ₹10.79 Cr in the previous fiscal year
Weighted average cost of borrowing reduced to 8.97% in FY26 from 9.80% in FY25
Interest rate sensitivity analysis shows a 50 bps rate hike would impact PBT by ₹79.55 Lakhs
Basic and Diluted EPS for the year ended March 31, 2026, stood at ₹5.19
32nd AGM scheduled for September 9, 2026, to be conducted via VC/OAVM

💡 Investors should monitor the AGM proceedings for management commentary on debt reduction strategies and the status of ongoing residential/commercial projects, given the high debt-to-equity ratio of 1.34.

Rs 1.54 Cr PAT: HB Estate Developers Reports 305% YoY Profit Growth in Q1 FY27

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 03 Aug 2026, 02:00 PM

HB Estate Developers reported a standalone revenue of Rs 27.75 Cr for Q1 FY27, marking a 16.8% increase from Rs 23.76 Cr in the same quarter last year. Net profit surged to Rs 1.54 Cr from Rs 0.38 Cr YoY, primarily aided by a 24.8% reduction in finance costs which fell to Rs 3.33 Cr. On a sequential basis, however, revenue declined by 15.8% from Rs 32.97 Cr in Q4 FY26. The company continues to operate with high leverage, carrying a debt of Rs 258 Cr against a market capitalization of Rs 185 Cr.

Revenue from operations increased 16.8% YoY to Rs 27.75 Cr in Q1 FY27
Net profit grew by 305% YoY to Rs 1.54 Cr compared to Rs 0.38 Cr in Q1 FY26
Finance costs reduced significantly to Rs 3.33 Cr from Rs 4.43 Cr in the year-ago period
Basic EPS improved to Rs 0.67 from Rs 0.18 YoY
Total expenses rose 8.7% YoY to Rs 25.68 Cr, driven by higher other expenses of Rs 11.33 Cr

💡 Investors should monitor the sustainability of the reduction in finance costs and the company's progress in deleveraging its balance sheet, given the high Debt-to-Equity ratio of 1.34.

HB Estate Developers Q1 Net Profit Surges 305% YoY to Rs 1.54 Cr

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 03 Aug 2026, 01:53 PM

HB Estate Developers reported a strong year-on-year performance for Q1 FY27, with revenue growing 16.8% to Rs 27.75 Cr. Net profit jumped to Rs 1.54 Cr from Rs 0.38 Cr in the same period last year, driven by improved operational margins and a 24.7% reduction in finance costs. However, sequentially (QoQ), revenue and profit declined from Q4 FY26 levels of Rs 32.97 Cr and Rs 3.55 Cr respectively, suggesting seasonality in its hospitality business. The company remains highly leveraged with a debt-to-equity ratio of 1.34.

Revenue from operations grew 16.8% YoY to Rs 27.75 Cr from Rs 23.76 Cr.
Net profit increased 305% YoY to Rs 1.54 Cr compared to Rs 0.38 Cr in Q1 FY26.
Finance costs significantly reduced to Rs 3.33 Cr from Rs 4.43 Cr in the year-ago quarter.
Basic EPS improved to Rs 0.67 from Rs 0.18 in the corresponding previous quarter.
Total expenses for the quarter stood at Rs 25.68 Cr, representing 91.2% of total income.

💡 Investors should monitor the company's ability to sustain YoY growth and further reduce its high debt burden (Rs 258 Cr), which continues to result in significant finance costs relative to net profit.

August 3, 2026: Board Meeting to Approve Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 27 Jul 2026, 04:31 PM

HB Estate Developers Ltd has scheduled a board meeting on August 3, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company enters this quarter with a TTM revenue of ₹117 Cr and a net profit of ₹12 Cr. Investors will be monitoring if the company can maintain its operating profit margin, which stood at 34.8% TTM. The trading window for insiders remains closed until August 5, 2026.

Board meeting scheduled for August 3, 2026, to approve Q1 results.
Trading window for designated persons closed until August 5, 2026.
Company reported a net profit of ₹3.55 Cr in the preceding March 2026 quarter.
Debt levels remain significant at ₹258 Cr against a market cap of ₹167 Cr.
Promoter holding stands at 67.75% as of June 2026.

💡 Monitor the financial results on August 3, 2026, focusing on revenue growth and interest coverage given the company's debt-to-equity ratio of 1.34.

32nd Annual General Meeting Scheduled for September 9, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 22 Jul 2026, 02:51 PM

HB Estate Developers Ltd has announced its 32nd Annual General Meeting (AGM) to be held on September 9, 2026, via video conferencing. The meeting will cover the business and financial performance for the fiscal year 2025-26. As of the latest trailing twelve months (TTM), the company reported a revenue of ₹117 Cr and a PAT of ₹12 Cr. The full Annual Report, which will contain detailed financial statements and management discussion, is expected to be circulated shortly.

32nd Annual General Meeting scheduled for September 9, 2026, at 12:00 Noon.
Meeting to be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).
Annual Report for the Financial Year 2025-26 to be filed and circulated in due course.
Company maintains a high Debt-to-Equity ratio of 1.34 with total debt at ₹258 Cr.

💡 Investors should review the upcoming Annual Report for FY26 to understand management's strategy for debt reduction and project execution timelines.

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