Hazoor Multi Projects Ltd Reports ₹99 Crore Q2 Loss as Revenue Falls

Hazoor Multi Projects Ltd reported a consolidated net loss of ₹99 crore in Q2, against a ₹110 crore profit a year earlier, while revenue declined 33.33% year-on-year to ₹1,020 crore. The reported swing in profitability is material for investors because the realty-sector company had also disclosed weak consolidated earnings in the preceding June quarter.

What did Hazoor Multi Projects Ltd report for Q2?

Hazoor Multi Projects Ltd was reported to have posted consolidated revenue of ₹1,020 crore for Q2, compared with ₹1,530 crore in the corresponding quarter of the previous year. The 33.33% fall in revenue was accompanied by a consolidated net loss of ₹99 crore, versus a net profit of ₹110 crore a year earlier.

The change represents a year-on-year movement of 190% in the reported net profit or loss figure. The available information does not specify the operational items, exceptional charges, project costs, or other line items that led to the loss. Investors will therefore need to refer to the detailed unaudited financial statements and limited review report for a complete view of the quarterly performance.

The Q2 figures follow a weak Q1 FY27 profit performance. For the quarter ended 30 June 2026, Hazoor Multi Projects reported consolidated revenue from operations of ₹119.66 crore and consolidated net profit of ₹0.30 crore. The company’s standalone Q1 revenue from operations was ₹103.67 crore, with standalone profit of ₹3.44 crore.

When was the Q2 board meeting scheduled?

Hazoor Multi Projects scheduled its board meeting for Friday, 13 November 2026 to consider and approve standalone and consolidated unaudited financial results for the quarter and half year ended 30 September 2026. The company gave the intimation on 4 November 2026 under Regulation 29 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements regulations.

The agenda included the consideration of the limited review report along with the financial results. A limited review is the auditor’s review of interim financial information, rather than a full annual audit. The board-meeting disclosure also stated that the trading window had remained closed from 1 October 2026.

The supplied Q2 summary reports the revenue and loss figures cited above. The underlying board-meeting notice itself is an approval intimation, so the detailed exchange filing and accompanying financial statements remain important sources for checking segment details, expenses, cash flows and any accounting explanations.

How does the result compare with Hazoor Multi Projects' recent performance?

Hazoor Multi Projects had already reported a sharp year-on-year decline in consolidated Q1 FY27 profit. The company’s Q1 consolidated net profit fell 97.82% year-on-year to ₹0.30 crore, according to the information provided. That result indicated that revenue generation had not translated into comparable consolidated profitability during the June quarter.

Historical data supplied for Q2 FY26 also showed pressure on quarterly earnings. Revenue from operations was reported at ₹119.66 crore, down 24.46% sequentially, while net profit fell 98.18% to ₹0.59 crore. Profit before tax for that period stood at ₹2.10 crore, down 89.24% year-on-year and 95.33% quarter-on-quarter.

For the trailing 12 months ended FY26, revenue from operations was stated at ₹637.68 crore, up 17.10%, while net profit declined 37.31% to ₹39.98 crore. Taken together, the available data points to uneven profitability despite reported revenue growth over that longer period.

What corporate and operational developments were disclosed?

Hazoor Multi Projects has disclosed several corporate actions alongside its results-related announcements. The company’s annual general meeting approved the reappointment of Madhuri Purshottam Bohra as an independent director for five years, from 19 July 2027 to 18 July 2032.

The supplied information also refers to the resignation of Shruti Jigar Shah as executive director, the reconstitution of key committees, and the creation of an executive committee for tenders, procurement and daily operations. These changes are relevant because committee oversight and procurement controls affect how a project-oriented company manages contract execution and governance.

Separately, Hazoor Multi Projects received a National Highways Authority of India contract worth ₹24.33 crore, according to an exchange filing referenced in the source material. The information provided does not state the expected execution timetable or the financial impact of this contract on the Q2 result.

How did the announcement affect Hazoor Multi Projects shares and investors?

Hazoor Multi Projects shares were quoted at ₹13.99, up 0.72% from ₹13.89 since the alert cited in the source material. This price movement is a limited snapshot and does not establish a sustained market reaction to the quarterly figures.

For investors, the central issue is the contrast between reported revenue and the loss. The reported Q2 revenue decline and movement from a prior-year profit to a loss make the detailed expense, project-execution and exceptional-item disclosures especially relevant. The trading-window closure from 1 October also reflects the standard results-period restrictions for designated persons.

The company operates in the realty sector and is classified as a micro-cap in the supplied data. In such companies, quarterly profitability, contract execution, working-capital discipline and governance disclosures can have a significant bearing on investor assessment, particularly when reported earnings vary sharply between periods.

Conclusion

Hazoor Multi Projects' reported Q2 loss of ₹99 crore, compared with a ₹110 crore profit in the previous-year quarter, marks a significant reversal in the available quarterly data. Revenue of ₹1,020 crore was also 33.33% below the stated comparable figure, adding to the weaker profitability trend visible in the company’s Q1 FY27 disclosures.

The next disclosure to watch is the detailed unaudited standalone and consolidated results approved at the 13 November 2026 board meeting, along with the limited review report. Investors may focus on explanations for the loss, the status of project execution, and the contribution and timing of the ₹24.33 crore NHAI contract.