Hemisphere Properties India Limited has announced its audited financial results for the quarter and year ended March 31, 2026. Alongside its financial performance, the company successfully concluded the e-auction of a land parcel in Bopkhel, Pune, with the highest bid reaching ₹640.50 crore. The board has approved the selection of HyperVault AI Data Center Limited as the successful bidder, pending shareholder and regulatory approvals.
Annual Financial Performance
For the financial year ended March 31, 2026, the company reported a total income of ₹504.90 lakh compared to ₹782.76 lakh in the previous year. The net loss for the year stood at ₹1,122.01 lakh, reflecting an increase in losses from the ₹751.85 lakh reported in the prior fiscal year. Finance costs rose significantly to ₹800.56 lakh for the year, up from ₹609.41 lakh in the previous year.
Successful Land Auction in Pune
The company achieved a major milestone with the e-auction of its land parcel located at Bopkhel, Pune. The process concluded on May 12, 2026, resulting in a winning bid of ₹640.50 crore by HyperVault AI Data Center Limited. This transaction has been identified as a Related Party Transaction, and the board has moved to secure the necessary shareholder approvals to finalize the deal.
Auditor Observations and Emphasis of Matter
The independent auditors provided an unmodified opinion on the financial statements but highlighted several key areas of attention. Notably, there remains an unreviewed provision for stamp duty liability amounting to approximately ₹63,980.21 lakh. Furthermore, the company faces ongoing issues regarding non-compliance with the appointment of Independent Directors on the board and its committees, which has resulted in fines imposed by stock exchanges. Management continues to address these matters and pending notices from the Revenue Department regarding past stamp duty assessments.
Asset Valuation Overview
The company maintains a significant portfolio of investment properties, with a total assessed fair value of ₹10,58,886 lakh. Key assets include the Greater Kailash, New Delhi land parcel valued at ₹7,30,093 lakh and the Pune land parcel valued at ₹2,03,889 lakh, highlighting the substantial underlying value within the company’s real estate holdings.
Source: BSE
