HOV Services' Q1 FY 2025-26 Quarterly Results

Result Summary

• HOV Services Ltd reported a 198.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 135.1%.
• Its expenses for the quarter were up by 221.1% QoQ and 136.3% YoY.
• The net profit increased 113.6% QoQ and increased 121.8% YoY.
• The earnings per share (EPS) of HOV Services Ltd stood at 1.4 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

HOV Services Ltd is a company operating within the business process outsourcing (BPO) industry. The company primarily focuses on providing various outsourcing services, including transaction processing, data management, and document management services. HOV Services has been a player in the industry known for leveraging technology to enhance service delivery. As of the latest available information, there were no specific major developments pertaining to HOV Services Ltd. However, it's important to note that the BPO industry is characterized by its dynamic nature, with companies continually adapting to technological advancements and changing client needs.

Revenue

During the first quarter of the fiscal year 2026 (Q1FY26), HOV Services Ltd reported a total income of ₹14.13 crores. This represents a significant increase of 198.1% quarter-over-quarter (QoQ) when compared to the total income of ₹4.74 crores in the fourth quarter of fiscal year 2025 (Q4FY25). Additionally, the income rose by 135.1% year-over-year (YoY) from ₹6.01 crores in the first quarter of fiscal year 2025 (Q1FY25). This substantial increase in revenue QoQ and YoY is indicative of a period of strong financial performance for the company.

Profitability

In terms of profitability, HOV Services Ltd achieved a profit before tax of ₹2.40 crores in Q1FY26, which marks an increase of 120.2% QoQ from ₹1.09 crores in Q4FY25. Compared to the same quarter in the previous year, there was a YoY increase of 124.3% from ₹1.07 crores. The profit after tax for Q1FY26 was ₹1.73 crores, reflecting an increase of 113.6% QoQ from ₹0.81 crores in Q4FY25 and a YoY increase of 121.8% from ₹0.78 crores in Q1FY25. The earnings per share (EPS) also showed a notable rise, reaching ₹1.40 in Q1FY26 from ₹0.60 in both Q4FY25 and Q1FY25, representing a 133.3% increase both QoQ and YoY.

Operating Metrics

The total expenses for HOV Services Ltd in Q1FY26 amounted to ₹11.72 crores, which is an increase of 221.1% QoQ from ₹3.65 crores in Q4FY25. On a YoY basis, expenses rose by 136.3% from ₹4.96 crores in Q1FY25. The tax paid by the company in Q1FY26 was ₹0.68 crores, representing a 142.9% increase QoQ from ₹0.28 crores in Q4FY25 and a 134.5% increase YoY from ₹0.29 crores in Q1FY25. These metrics highlight the company's operational scale, reflecting substantial growth in revenue and expenses, which aligns with the overall increase in profitability.