Hazoor Multi Projects Sees Steep Profit Decline in Q1 FY27

Hazoor Multi Projects Q1 FY27 Consolidated Net Profit: Rs 0.30 Crore
Hazoor Multi Projects Q1 FY27 Consolidated Revenue: Rs 119.66 Crore

Reader Takeaway: Sharp profit and revenue decline signals operational slowdown, while share forfeiture impacts capital structure.

What just happened

Hazoor Multi Projects Ltd reported its standalone and consolidated financial results for the quarter ended June 30, 2026. The company's consolidated net profit saw a dramatic fall to Rs 0.30 crore (Rs 29.98 lakh) from Rs 32.38 crore in the previous quarter. Consolidated revenue from operations also decreased to Rs 119.66 crore from Rs 158.41 crore sequentially.

Additionally, the Board approved the forfeiture of 14,459 partly paid-up equity shares due to non-payment of call money.

Why this matters

The significant drop in profitability and revenue raises concerns about the company's operational performance and market conditions. The share forfeiture indicates issues with capital collection, impacting the company's financial structure.

The backstory

In the previous quarter (Q4 FY26), Hazoor Multi Projects had reported a consolidated net profit of Rs 32.38 crore and revenue of Rs 158.41 crore. The year-ago quarter (Q1 FY26) saw a consolidated net profit of Rs 13.79 crore and revenue of Rs 180.02 crore.

What changes now

The financial results and share forfeiture are now official. Investors will be looking for management's explanation and future strategies to address the performance decline and capital collection issues.

Risks to watch

The primary risks include continued profit contraction, further revenue decline, and potential impacts on the company's capital structure and investor confidence due to ongoing share collection issues.

Peer comparison

Information on specific peers and their performance for the same quarter is not provided in the filing. However, a general slowdown in the sector, if present, could further exacerbate the company's challenges.

Context metrics (time-bound)

Consolidated revenue for Q1 FY27 stood at Rs 119.66 crore, down from Rs 158.41 crore in Q4 FY26 and Rs 180.02 crore in Q1 FY26.

Consolidated PAT for Q1 FY27 was Rs 0.30 crore, a sharp decrease from Rs 32.38 crore in Q4 FY26 and Rs 13.79 crore in Q1 FY26.

Standalone revenue was Rs 103.67 crore with a profit of Rs 3.44 crore for Q1 FY27.

What to track next

Investors should monitor future quarterly results for signs of performance recovery, management commentary on the reasons for the decline, and updates on the capital collection process.