Indian Hume Pipe Company Ltd

Indian Hume Pipe Company Limited — Trading Window Closure from Thursday, 1st October, 2026 to 48 hours after the declaration of Un-audited Financial Results for the 2nd quarter and 1st Half-year ended 30th September, 2026

Indian Hume Pipe Company Ltd — Closure of Trading Window from Thursday, 1st October, 2026 till 48 hours after the declaration of Un-audited Financial Results for the 2nd quarter and 1st Half-year ended 30th September, 2026

Tax penalty update

• Order dated 21 September 2026; IT Department, NAFAC Delhi, imposes Rs 40,39,078 penalty.
• Penalty equals 200% of tax amount Rs 20,19,539 due to alleged under-reporting.
• Arithmetical error in return corrected; income Rs 58,84,439 offered to tax.
• Tax on such income paid on 31 March 2026.
• Assessment unit computed penalty at 30% corporate tax against 22% applicable.
• Company will file rectification petition and appeal to Commissioner of Income Tax (Appeals), NAFAC, Delhi.
• Company believes it has adequate factual and legal grounds; expects entire demand to subside.
• No material impact on financials, operations, or business activities anticipated.

Litigation Update

• CIT(A) order dated 14 Aug 2026 confirmed penalty of Rs 63,10,816.
• Disallowance traced to unexplained purchases of Rs 10,51,80,264 in the assessment order.
• The Company has filed a quantum appeal before ITAT Mumbai; pendency ongoing.
• Company will appeal the CIT(A) order before ITAT Mumbai; expects the demand to subside.
• No material impact on financial, operational activities expected.

Litigation update: IT penalty and appeal

• Penalty order issued by Commissioner of Income Tax (Appeals) for AY 2023-24 under Section 271AAC(1).
• Penalty amount Rs 63,10,816.
• Order dated 14 August 2026 by Commissioner of Income Tax (Appeals), NAFAC Delhi.
• Disallowance originally made in assessment order dated 25 March 2025 under Section 143(3).
• Disallowance confirmed by CIT(A) on 30 August 2025.
• Company filed quantum appeal before ITAT Mumbai on 29 October 2025.
• Company will file appeal against 14 August 2026 order before ITAT Mumbai.
• Company believes it has factual and legal grounds; expects demand to subside.
• No material impact on financial, operational, or other activities.

Financial highlights

• Revenue from operations: INR 302.81 crore for quarter ended June 30, 2026.
• Total revenue: INR 319.78 crore for quarter ended June 30, 2026.
• EBITDA: INR 46.73 crore; margin 15.43%.
• Profit before tax: INR 31.55 crore.
• Tax expense: INR 7.98 crore; net profit: INR 23.57 crore.

New orders and implementation timeline

• New orders: Rajasthan ₹630 crore and Telangana ₹459 crore; execution to commence by Q1 of the current year.

Cashflow and treasury impact

• Monetisation of idle land parcels in Bangalore and Hyderabad boosted cashflow.
• Pune projects generated development cashflow; lowered working capital borrowings.
• Treasury income INR 12.57 crore exceeded finance cost INR 10.54 crore.

Dosti Greenscapes – Pune

• JDA with Dosti Realty; Company 38% revenue share.
• Total RERA carpet area: 7,76,720.45 sq ft.
• Phases I–III launched; 9 towers; OC for 5 towers expected this year.
• 09-Aug-2026 bookings: 756 units; value INR 627.05 crore.
• Company share of bookings: INR 238.28 crore; advances received: INR 179.32 crore.

Kalpataru Blossoms – Pune

• Plot A: 32.5% Company share; 3 towers; carpet area 5,65,086 sq ft.
• Plot A bookings: 220 units; value INR 433.28 crore.
• Company share: INR 140.82 crore; advances received: INR 67.03 crore.

Order book

• Order book balance as at 04 Aug 2026: INR 4,730.69 crore.
• Compared with 31 July 2025: INR 3,944.87 crore.

Financials

• Revenue from operations ₹30,280.55 lakhs; total revenue ₹31,977.78 lakhs for the quarter.
• Other income ₹1,697.23 lakhs.
• Profit before tax ₹3,155.27 lakhs; tax ₹798.32 lakhs; PAT ₹2,356.95 lakhs.
• EPS (basic/diluted) ₹4.47 (not annualised).
• Construction revenue ₹30,280.55 lakhs; Real Estate ₹0.
• Construction PBT ₹4,262.72 lakhs; Real Estate loss ₹53.60 lakhs.
• Prior-year exceptional item: gain ₹6,433.35 lakhs; tax ₹1,619.15 lakhs.
• Dividend paid on 07 Aug 2026: ₹5 per share; total ₹2,634.09 lakhs.

Balance sheet

• Total assets ₹283,471.64 lakhs; total liabilities ₹132,679.05 lakhs.