Hilltone Software and Gases Ltd (544308)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Hilltone Software's revenue was ₹1.6 Cr (-32.3% year on year, -31.4% on the previous quarter), and net profit ₹-0.8 Cr (a bigger loss than a year earlier); the operating margin was -67.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1.6 | -32.3% | -31.4% |
| Operating profit | ₹-1.1 | loss widened | loss widened |
| Net profit | ₹-0.8 | loss widened | loss widened |
| EPS (₹) | -0.06 | loss narrowed | loss narrowed |
| Operating margin | -67.4% | — | — |
📢 Recent Corporate Announcements
Hilltone Software and Gases Limited approved the adoption of a new set of Articles of Association (AOA) at its 33rd AGM held on September 25, 2026. The amendment adds Clauses 92 through 95, permitting the appointment of multiple Managing Directors, Joint MDs, or Co-MDs, alongside defined management powers and division of operational portfolios. The changes also mandate joint approval from at least two MDs or the Board for material transactions such as major capex, borrowings, or asset disposals. The company reported a net loss of Rs 0.78 cr on revenue of Rs 1.58 cr in the June 2026 quarter, with promoter holding standing at 10.67%.
- Shareholders approved adoption of new Articles of Association at the 33rd AGM on September 25, 2026
- AGM commenced at 03.18 p.m. and concluded at 03:33 p.m. (15-minute duration)
- Added Clauses 92 to 95 allowing appointment of multiple Managing Directors, Joint MDs, or Co-MDs
- Clause 94 requires joint approval from at least 2 Managing Directors or Board sanction for major capex, borrowings, or asset disposal
Hilltone Software and Gases Ltd has scheduled a Board of Directors meeting on September 1, 2026. The board will consider altering the Articles of Association and appointing Mr. Bhupeshbhai Ambalal Patel as Non-Executive Independent Director. Additionally, it will finalize details for the 33rd Annual General Meeting, including approving the Director's Report for FY26 and appointing an Internal Auditor for FY27.
- Board meeting scheduled for September 1, 2026 at 03.30 P.M.
- Proposal to appoint Mr. Bhupeshbhai Ambalal Patel (DIN: 11833797) as Non-Executive Independent Director at the 33rd AGM
- Agenda includes alteration of the Articles of Association in the upcoming AGM
- Appointment of Internal Auditor for FY 2026-27 to be considered
Hilltone Software and Gases Ltd has scheduled a Board of Directors meeting on September 01, 2026, at its Mehsana registered office. Key agenda items include approving the alteration of Articles of Association and the appointment of Mr. Bhupeshbhai Ambalal Patel (DIN: 11833797) as Non-Executive Independent Director. The Board will also fix the date and voting cut-offs for the 33rd Annual General Meeting and approve the FY 2025-26 Directors' Report along with the appointment of an Internal Auditor for FY 2026-27.
- Board meeting scheduled for September 01, 2026 at 03:30 PM
- To consider appointment of Mr. Bhupeshbhai Ambalal Patel (DIN: 11833797) as Non-Executive Independent Director
- To approve notice, Directors' Report, and schedule for the 33rd Annual General Meeting (FY 2025-26)
- To appoint Internal Auditor for the Financial Year 2026-27
Hilltone Software and Gases Ltd reported a weak start to FY27, with Q1 revenue falling 32.2% YoY to ₹1.58 Cr from ₹2.34 Cr. The company posted a net loss of ₹0.78 Cr, a significant deterioration compared to the ₹0.18 Cr loss in the same quarter last year. Segmental performance was poor, with the Engineering division reporting zero revenue and the Gases segment remaining loss-making at the EBIT level. The company still holds ₹1.76 Cr in unutilized funds from its ₹9.89 Cr preferential allotment raised in FY26.
- Revenue from operations declined 32.2% YoY to ₹1.58 Cr from ₹2.34 Cr in Q1 FY26.
- Net loss widened significantly to ₹0.78 Cr from a loss of ₹0.18 Cr in the year-ago period.
- Engineering division revenue fell to zero in Q1 FY27, down from ₹0.40 Cr in the preceding March quarter.
- Total expenditure of ₹2.87 Cr exceeded total income of ₹1.58 Cr, leading to an operating loss.
- Unutilized proceeds from the ₹9.89 Cr preferential issue stand at ₹1.76 Cr as of June 30, 2026.
Hilltone Software and Gases Ltd has submitted its Statement of Deviation or Variation for the quarter ended June 30, 2026, as required under SEBI Regulation 32. The filing confirms that funds raised through a previous Preferential Allotment were utilized as per the objects stated in the offer document. The Audit Committee reviewed and approved this statement on August 13, 2026. This is a routine compliance filing indicating no misuse of raised capital.
- Quarterly compliance filing for the period ended June 30, 2026
- Audit Committee reviewed the fund utilization on August 13, 2026
- Funds were raised through the Preferential Allotment route
- Company reported TTM revenue of Rs 14.73 Cr for FY26
- Promoter holding remains low at 10.67% as of June 2026
Hilltone Software and Gases Ltd reported a weak Q1 FY27 with revenue falling 32.3% YoY to ₹1.58 Cr from ₹2.34 Cr. The company's net loss widened significantly to ₹0.78 Cr, compared to a loss of ₹0.18 Cr in the same quarter last year. A major concern is the Engineering segment, which contributed ₹8.68 Cr in FY26 but reported zero revenue this quarter. Total expenses of ₹2.87 Cr were nearly double the quarterly revenue, indicating severe margin pressure.
- Revenue from operations declined 32.3% YoY to ₹1.58 Cr from ₹2.34 Cr in Q1 FY26.
- Net loss widened to ₹0.78 Cr, a 333% increase in losses compared to the ₹0.18 Cr loss in the year-ago period.
- Engineering segment revenue dropped to zero, down from ₹8.68 Cr reported for the full year FY26.
- Total expenditure of ₹2.87 Cr represents 181% of the total income for the quarter.
- Company has utilized ₹8.13 Cr out of the ₹9.89 Cr raised through a preferential issue in November 2025.
Hilltone Software and Gases Ltd has scheduled a board meeting on August 13, 2026, to review and approve the unaudited financial results for the quarter ended June 30, 2026. The company is coming off a fiscal year (FY26) where it reported a marginal profit of ‡0.15 Cr on a revenue of ‡14.73 Cr. Given the low operating margin of 1.0% and volatile quarterly revenues (ranging from ‡2.31 Cr to ‡6.64 Cr in FY26), these results will be critical to assess operational stability. The promoter holding remains notably low at 10.67%.
- Board meeting scheduled for August 13, 2026, at 3:30 P.M. to approve Q1 results
- Audit Committee meeting to be held prior at 2:30 P.M. on the same day
- Results cover the three-month period ending June 30, 2026
- Company reported a TTM revenue of ‡15 Cr with a thin OPM of 1.0%
- Promoter holding stands at 10.67% as of the June 2026 quarter
Hilltone Software and Gases Ltd has appointed Ms. Parinda Patel as Chief Financial Officer effective August 1, 2026, following the resignation of Independent Director Ms. Dipika Modi. The company also provided a business update, stating that its Gas Division will commence production of Argon, Carbon Dioxide, and Oxygen plant tanks within one month. Recent operational highlights include an engineering purchase order of ₹26.86 Lacs and software sales of ₹23.5 Lacs for the current financial year. Additionally, the company traded machinery worth ₹71.09 Lacs, representing approximately 4.7% of its TTM revenue of ₹15 Cr.
- Appointment of Ms. Parinda Patel as CFO starting August 1, 2026, bringing experience from the banking and broking sectors.
- Gas Division scheduled to start production of Argon, Carbon Dioxide, and Oxygen plant tanks within 30 days.
- Engineering Division secured a new purchase order valued at ₹26.86 Lacs.
- Software Division reported completed sale orders of ₹23.5 Lacs for the current financial year.
- Company traded gas production machinery and tanks worth ₹71.09 Lacs.
Hilltone Software and Gases announced that its Gas Division will commence Argon, Carbon Dioxide, and Oxygen plant tank production within one month. The company reported trading machinery worth ‡71.09 Lacs and secured/completed orders totaling approximately ‡50 Lacs across its Engineering and Software divisions. These operational updates represent roughly 8.1% of the company's TTM revenue of ‡15 Cr. Additionally, Ms. Parinda Mohanbhai Patel has been appointed as the new CFO effective August 1, 2026, following the resignation of Independent Director Ms. Dipika Modi.
- Gas Division to start Argon, Carbon Dioxide, and Oxygen plant tank production in 1 month
- Traded tank and machinery for gas production valued at ‡71.09 Lacs
- Engineering Division received a new Purchase Order worth ‡26.86 Lacs
- Software Division completed a Sale Order worth ‡23.5 Lacs in the current Financial Year
- Appointment of Ms. Parinda Mohanbhai Patel as CFO starting August 1, 2026
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