Hirect Q2 FY27 Standalone Revenue Rs. 2,943.47 Million; approves 2 Million EURO Guarantee
RESULTS
● No Immediate Change
MEDIUM RISK
📅 Filed on BSE: 10 Nov 2026, 01:39 PM IST · BSE ID: e0f7ac4f-2d05-45cb-8c9b-c04f626b5a62
View Original BSE Filing (PDF)
💡
In Simple Terms
Hirect released its quarterly financial results, showing Rs. 2,943.47 Million in revenue, and approved a 2 Million EURO guarantee for a subsidiary.
🤖 AI Summary
- Hirect Ltd reported standalone Revenue From Operations of Rs. 2,943.47 Million for Q2 FY27.
- Standalone Net Profit for the period was Rs. 145.22 Million for the quarter ended September 30, 2026.
- Board approved a corporate guarantee or standby letter of credit up to 2 Million EURO for subsidiary Elventive France.
- Elventive France is a related party, with promoter group entities holding 34% shareholding.
- Bigshare Services Pvt. Ltd. was appointed as the new Registrar to an Issue & Share Transfer Agent.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Revenue From Operations (Q2 FY27)
2,943.47 Million
29.50
Net Profit for the period (Q2 FY27)
145.22 Million
-1.54
Total Income (Q2 FY27)
2,957.48 Million
30.13
Corporate Guarantee Amount
2 Million EURO
🏢 How This Affects the Company
The approval of a 2 Million EURO corporate guarantee for Elventive France indicates support for the subsidiary's operations, potentially aiding its business activities.
The corporate guarantee for 2 Million EURO creates a potential contingent liability for Hirect Ltd, although currently, there is no direct financial impact.
The change in Registrar to an Issue & Share Transfer Agent to Bigshare Services Pvt. Ltd. will involve a transition period for documentation, electronic connectivity, and data shifting.
The issuance of a 2 Million EURO corporate guarantee introduces a contingent liability, representing a potential financial exposure for Hirect Ltd.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing.
👤
Who Is Affected
Shareholders are affected by the company's financial performance, with the Q2 FY27 standalone net profit being Rs. 145.22 Million. The corporate guarantee to a related-party subsidiary introduces a contingent liability for all shareholders.
🔍
Management Signal
Management's decision to provide a 2 Million EURO guarantee to a subsidiary indicates support for the subsidiary's financial stability and operational needs.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Hirect Ltd Q3 FY27 financial results — check revenue and profit trends.
Announcement of the effective date for the change in Registrar and Share Transfer Agent.
Updates on the utilization and status of the 2 Million EURO corporate guarantee for Elventive France.
MEDIUM RISK
The issuance of a 2 Million EURO corporate guarantee creates a contingent liability, introducing financial exposure for the company.
💡 Investor Takeaway
Hirect Ltd reported Q2 FY27 standalone Revenue From Operations of Rs. 2,943.47 Million, marking a 29.50% YoY increase from Rs. 2,271.47 Million in Q2 FY26. Net profit was Rs. 145.22 Million. The Board also approved a 2 Million EURO corporate guarantee for its subsidiary, Elventive France, which is a related party.
⚖️ Strengths & Concerns
✅ Positives
- Revenue From Operations increased to Rs. 2,943.47 Million in Q2 FY27 from Rs. 2,271.47 Million in Q2 FY26.
- Net Profit for the period was Rs. 145.22 Million in Q2 FY27, up from Rs. 147.49 Million in Q2 FY26.
⚠️ Concerns
- Profit before exceptional items and tax decreased to Rs. 166.92 Million in Q2 FY27 from Rs. 196.68 Million in Q2 FY26.
- Finance costs increased to Rs. 45.34 Million in Q2 FY27 from Rs. 35.64 Million in Q2 FY26.
📅 Company Track Record
Hirect Ltd previously reported Q2 FY27 revenue of Rs. 2,943.47 Million and approved a 2 Million EURO guarantee in an Outcome of Board Meeting filing on the same date. For the half year ended September 30, 2026, standalone Revenue From Operations was Rs. 5,307.39 Million, compared to Rs. 4,419.21 Million for the half year ended September 30, 2025.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Hirect Ltd's standalone Revenue From Operations for Q2 FY27?
Hirect Ltd reported standalone Revenue From Operations of Rs. 2,943.47 Million for the quarter ended September 30, 2026.
What was Hirect Ltd's standalone Net Profit for Q2 FY27?
The standalone Net Profit for Hirect Ltd for the quarter ended September 30, 2026, was Rs. 145.22 Million.
What corporate guarantee did Hirect Ltd's Board approve?
The Board approved the issuance of a corporate guarantee or standby letter of credit up to an amount of 2 Million EURO in favour of its subsidiary, Elventive France.
Who is the new Registrar to an Issue & Share Transfer Agent for Hirect Ltd?
Bigshare Services Pvt. Ltd. has been appointed as the new Registrar to an Issue & Share Transfer Agent for Hirect Ltd, replacing Adroit Corporate Services Pvt. Ltd.
Is Elventive France a related party to Hirect Ltd?
Yes, Elventive France is a related party of Hirect Ltd, with promoter group entities holding 34% shareholding.
Questions based on this BSE filing only. For information purposes.