Hemisphere Properties India Ltd
Hemisphere Properties Q2 FY27 Standalone Net Loss at ₹348.24 Lakh
RESULTS
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 05 Nov 2026, 05:22 PM IST · BSE ID: 5165da04-cddd-43f6-aec3-0e8da13f0b8f
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a standalone net loss of ₹348.24 Lakh for the second quarter and successfully sold a large land parcel.
🤖 AI Summary
- Standalone Net Loss for Q2 FY27 reported at ₹348.24 Lakh for the quarter ended September 30, 2026.
- Total Income for Q2 FY27 was ₹68.87 Lakh, with Total Expenses at ₹417.11 Lakh.
- Successfully e-auctioned Bopkhel, Pune land parcel to Hypervault AI Data Center Limited for ₹640.50 crore.
- Received ₹160.1250 crore on October 28, 2026, representing 25% of the Bopkhel land sale consideration.
- Reclassified ₹10.20 crore stamp duty from Investment Property to Inventory related to the Bopkhel land parcel.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Profit/(Loss) Before Tax (Q2 FY27)
-348.24 Lakh
Total Income (Q2 FY27)
68.87 Lakh
Total Expenses (Q2 FY27)
417.11 Lakh
Bopkhel Land Sale Consideration
640.50 crore
Bopkhel Advance Received
160.1250 crore
Unaudited Total Assets (Sep 30, 2026)
119070.41 Lakh
Audited Total Assets (Mar 31, 2026)
116284.53 Lakh
🏢 How This Affects the Company
The successful e-auction of the Bopkhel land parcel for ₹640.50 crore signifies progress in monetizing real estate assets. The reclassification of stamp duty to Inventory suggests a strategic shift in how part of the land is held for future sale.
The receipt of ₹160.1250 crore from the land sale boosts cash reserves, improving liquidity. The Q2 FY27 net loss of ₹348.24 Lakh indicates ongoing operational challenges in the current period.
The land sale process and subsequent reclassification of stamp duty impact the company's asset management and accounting practices related to its real estate holdings. This involves managing significant contractual obligations for the remaining sale consideration.
The auditor noted non-compliance with Section 149 of the Companies Act regarding Independent Director appointments during Q2 FY27, though this was rectified post-period. The unascertained actual liability for property tax and potential variations in stamp duty on other land parcels pose financial risks.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the reported financial performance, including a net loss of ₹348.24 Lakh in Q2 FY27, and the ongoing process of monetizing land assets worth ₹640.50 crore.
🔍
Management Signal
The management's focus appears to be on asset monetization, as evidenced by the significant Bopkhel land sale, while navigating operational losses and addressing auditor's observations.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 results — monitor net profit and asset monetization progress.
Update on Bopkhel land sale — confirm receipt of remaining sale consideration.
Resolution of auditor's observations — reassessment of stamp duty and property tax liabilities.
MEDIUM RISK
Auditor observations on unassessed liabilities of ₹63980.21 Lakh and non-recognition of property tax.
💡 Investor Takeaway
Hemisphere Properties reported a standalone net loss of ₹348.24 Lakh for Q2 FY27. The company completed the e-auction for its Bopkhel land parcel for ₹640.50 crore, receiving ₹160.1250 crore. Auditor noted non-compliance with board composition and unassessed stamp duty/property tax liabilities of ₹63980.21 Lakh.
⚖️ Strengths & Concerns
✅ Positives
- Secured a significant land sale of ₹640.50 crore for its Bopkhel parcel, with ₹160.1250 crore already received.
- Auditor's Limited Review Report provides an unmodified opinion on the Q2 FY27 unaudited financial results.
⚠️ Concerns
- Reported a standalone net loss of ₹348.24 Lakh for Q2 FY27, contributing to a six-month loss of ₹668.48 Lakh.
- Auditor raised concerns about non-reassessment of a ₹63980.21 Lakh provision for stamp duty and non-recognition of property tax liability for Chennai land.
❓ Frequently Asked Questions
What was Hemisphere Properties' standalone net profit/loss for Q2 FY27?
Hemisphere Properties reported a standalone net loss of ₹348.24 Lakh for the quarter ended September 30, 2026 (Q2 FY27).
What was the total income for Hemisphere Properties in Q2 FY27?
The total income for Hemisphere Properties in Q2 FY27 was ₹68.87 Lakh.
What is the status of the Bopkhel land parcel sale?
The Bopkhel land parcel was successfully e-auctioned for ₹640.50 crore, and Hemisphere Properties has received ₹160.1250 crore as 25% of the total consideration.
What observations did the auditor make regarding Hemisphere Properties?
The auditor noted non-reassessment of a ₹63980.21 Lakh provision for stamp duty and non-recognition of property tax liability for the Chennai land parcel.
How did Hemisphere Properties' total assets change in the half year ended Sep 30, 2026?
Hemisphere Properties' total assets increased to ₹119070.41 Lakh as of September 30, 2026, from ₹116284.53 Lakh as of March 31, 2026.
Questions based on this BSE filing only. For information purposes.