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Revenue
₹209 Cr
verified against source
Revenue YoY
89%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Hubtown delivered a strong Q2 FY26 with consolidated revenue of ₹263.29 crore, up 89% YoY, driven by robust pre-sales of ₹3,547 crore in H1 and execution milestones including occupation certificates for key projects. The company is on track to achieve its FY26 pre-sales guidance of ₹6,000 crore. Management highlighted the ongoing amalgamation of three ultra-luxury projects (25 South, 25 Downtown, 25 West) into the listed entity, which will add over 5 million sq ft of developable area and increase total development value to over ₹1,300 billion. Future launches include a lake-facing project in Thane and weekend homes in Kalapur. Risks include dependency on occupation certificate timing for revenue recognition and potential delays in merger approvals.
Colored figures show movement against the previous available record.
Guidance to track
- Management confirmed they are well on track to achieve the FY26 pre-sales guidance of ₹6,000 crore, with H1 already at ₹3,547 crore.
- The consolidation of promoter-held entities into the listed company is expected to be completed within FY27, with exchange approvals received for two of three mergers.
- Plans to launch a lake-facing project near Thane (1 million sq ft carpet area) and weekend homes in Kalapur in early FY27.
- The company initiated an equity fund raise through a preferential issue, expected to complete within the current quarter (Q3 FY26), with strong interest from retail, HNI, and institutional investors.
Risks flagged
- Revenue is recognized only upon receipt of occupation certificate and handover, causing lumpy quarterly results and potential delays.
- The amalgamation process is subject to regulatory approvals; one of three exchange approvals is still pending, and subsequent NCLT approval could cause delays.
- An analyst noted that quarter-on-quarter profit declined despite increased sales; management attributed it to lower-margin projects from earlier years receiving OC.
- An analyst requested quarterly collection trends, which management did not provide, indicating potential opacity in cash flow visibility.
Key quotes
- We are very clear that all the locations where we are launching ultra luxury are at a location where ultra luxury will always remain in demand.
- We have been masters in doing it for last 30 years and we have not forgotten that art and we will continue to have that art.
- We are not going to be aggressive to acquire lands or projects to show the revenue recognition or to show land bank buildup.
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