The company was formed as part of the disinvestment exercise carried out by the Government of India in respect of its holdings in the erstwhile VSNL (currently known as Tata Communications Limited).
Financial Results:
- Hemisphere Properties India Ltd reported Revenues for Q1FY24 of ₹0.12 Crores down from ₹1.68 Crore year on year, a fall of 92.86%.
- Total Expenses for Q1FY24 of ₹3.83 Crores down from ₹4.33 Crores year on year, a fall of 11.55%.
- Consolidated Net Profit of -₹1.77 Crores from -₹1.45 Crores in the same quarter of the previous year.
- The Earnings per Share is -₹0.06, from -₹0.05 in the same quarter of the previous year.