Investor Presentation: Q2 and H1 FY2027 Financial Results and Corporate Restructuring Update

Financial Results Summary

Consolidated Results (₹ Mn):

  • Q2 FY27 Revenue from operations: ₹4,730.1 (up 127% YoY from Q2 FY26 ₹2,085.1)
  • H1 FY27 Revenue from operations: ₹6,286.3 (up 59% YoY from H1 FY26 ₹3,959.2)
  • Q2 FY27 Other income: ₹586.6
  • Q2 FY27 Total income: ₹5,316.7
  • Q2 FY27 Total expenses: ₹4,860.4
  • Q2 FY27 Profit before exceptional item and tax: ₹456.3
  • Q2 FY27 Exceptional item: (₹148.8)
  • Q2 FY27 Profit before tax: ₹307.5
  • Q2 FY27 Tax expense: ₹83.3
  • Q2 FY27 Net profit for the period: ₹224.2
  • Q2 FY27 Share of profit of associates and joint venture: ₹7.4
  • Q2 FY27 Net profit after tax and share of associates and JV: ₹231.6
  • Attributable to owners of the Parent: ₹140.4
  • Attributable to non-controlling interest: ₹91.2
  • Q2 FY27 Basic EPS: ₹0.99 (not annualized)

Basis of Results: Unaudited results subjected to limited review by Statutory Auditors and approved by the Board on 29 October 2026. The review conclusion is qualified for non-provision of interest on certain inter-corporate deposits (₹53.4 Mn in Q2 and ₹106.3 Mn in H1), to which finance cost and profit are sensitive.

Operational Highlights

Hubtown Seasons:

  • Occupation Certificate received for Friston (F Wing) and Ardennes (A Wing) in Q2 FY27, ahead of RERA completion deadline
  • More than 95% of units sold as of presentation date
  • Occupation Certificate applied for Black Forest (B Wing), expected in Q3 FY27

25 South:

  • Occupation Certificate received for Tower B (North Tower) in Q2 FY27, ahead of RERA completion deadline

Ongoing Projects: Multiple projects progressing significantly towards completion within the next 2 quarters

Corporate Restructuring - Schemes of Arrangement

Three Schemes Proposed:

1. Scheme 1 - Saicharan Consultancy Pvt Ltd merger:

  • Hubtown holds 74.69% in Rare Townships Pvt Ltd (developer of Rising City)
  • Saicharan holds 20.84% in Rare Townships
  • Post-merger, Hubtown effective holding in Rare Townships becomes 95.53%

2. Scheme 2 - 25 West Realty Pvt Ltd merger:

  • Developer of 25 West, Bandra project
  • Will give Hubtown 100% interest in 25 West project post-merger

3. Scheme 3 - Nitant Real Estate Pvt Ltd and Amazia Developers Pvt Ltd merger:

  • Nitant holds 98.86% of Twenty Five South Realty Ltd
  • Twenty Five South Realty Ltd owns 75% of Twenty Five Downtown Realty Ltd
  • Hubtown currently holds 25% of Twenty Five Downtown Realty Ltd directly

Status of Schemes:

  • Schemes 1 and 2: Received stock exchange approval and approval of requisite shareholders and creditors on 23 June 2026. Awaiting sanction by Hon'ble NCLT, Mumbai Bench.
  • Scheme 3: Under stock exchange approval process
  • All Schemes remain subject to all requisite approvals and conditions

Financial Information of Transferor Companies (H1 FY27, ₹ Mn)

Scheme 1 - Saicharan Consultancy Pvt Ltd:

  • Revenue from operations: Not provided (shown as "–")
  • Total income: Not provided (shown as "–")
  • Total expenses: ₹0.09
  • Profit before tax: (₹0.09)

Scheme 2 - 25 West Realty Pvt Ltd:

  • Revenue from operations: Not provided (shown as "–")
  • Total income: ₹5.28
  • Total expenses: ₹143.29
  • Profit before tax: (₹138.01)

Scheme 3 - Nitant Real Estate Pvt Ltd (consolidated, includes Amazia Developers Pvt Ltd):

  • Revenue from operations: ₹8,747.80
  • Total income: ₹9,620.35
  • Total expenses: ₹8,396.25
  • Profit before tax: ₹1,224.10

Note: Financial information of proposed Transferor Companies is based on management information, not audited or reviewed by an auditor, and not presented on pro forma consolidated basis.

Project Details of Entities Being Merged

Rising City (Ghatkopar) - Scheme 1:

  • Phase 1: 5 of 6 residential buildings received OC, Tower A6 progressing towards completion by March 2027
  • Phase 2: Yet to launch

25 West (Bandra) - Scheme 2:

  • Tower 1: Construction and sales commenced, RCC completed up to 20th floor
  • Tower 2: Work commenced
  • Towers 3 and 4: Work yet to commence
  • Expected total revenue: Approximately ₹6,000 crore

25 South (Prabhadevi) - Scheme 3:

  • 2 towers delivered including Tower B (North Tower) which received OC in Q2 FY27
  • Tower C (Central): Progressing towards completion within next 2 quarters
  • Construction and sales commenced on 4 towers
  • Tower 5: Work commenced
  • Tower 6: Work yet to commence

Forward-Looking Statements Disclaimer

The presentation contains forward-looking statements about future plans, project timelines, expected receipt of Occupation Certificates, expected completion, expected revenues and other expectations subject to risks and uncertainties including market conditions, regulatory approvals, litigation, costs, taxation, and economic developments. Actual results may differ materially.