Shares of Hazoor Multi Projects gained in today’s trading session as the company reported a substantial increase in its net profit for the first quarter of the financial year 2025-26. The stock opened in the red at Rs 43.21 against the previous close of Rs 43.35 on the BSE. But it gained later to touch the intraday high of Rs 44.05. This is a gain of 1.61 per cent gain from the closing price of the previous trading session.
Technically, the stock trades higher than the 50-day and 100-day moving averages but lower than the 5-day, 20-day and 200-day moving averages.
HMPL Quarterly Results
The company has reported a consolidated net profit of Rs 13.79 crore for the April-June quarter of FY26. This is a 45.77 per cent increase in the net profit compared to Rs 9.46 crore in the same quarter a year ago. The revenue of the company also surged 156.22 per cent to Rs 180.12 crore for the quarter under review, up from Rs 71.44 crore a year ago.
Hazoor Multi Projects takes a bold step towards a sustainable future by forming a subsidiary to spearhead power and renewable energy projects. This strategic move is set to open new avenues of growth and innovation.
Meanwhile, infra-to-energy player Hazoor Multi Projects has incorporated a new arm to undertake power and renewable energy projects.
The development comes after the company informed about its plans to set up a 500 MW solar project in Andhra Pradesh at an investment of Rs 2,500 crore, last month, and a 1.2 GW capacity solar park in Solapur, Maharashtra in January.
The subsidiary has been incorporated for the execution of power and green energy business, the company said.
Mumbai-based HMPL provides engineering, procurement and construction services in renewable energy and building road projects segments.