The Sri Lanka-Nordic Business Council held a Members' Day and panel on "Skills, Start-ups and Innovation," convening Sri Lankan and Nordic business leaders and entrepreneurs, with speakers including Sanjay Kulatunga, Mano Sekaram and a representative of hSenid Business Solutions.
Telecom & IT · Packaged Software
hSenid Business Solutions PLC is an indigenous multinational provider of human resource technology and services, specialising in human resource information systems (HRIS), human resource outsourcing and employee tracking/access control.
HBS shares are up 83.6% over the past year and last closed at Rs 22.40 on Sep 30, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +22.5 | +14.6 | -21.0 | +33.9 | -2.7 | +4.0 | -0.4 | -3.1 | -10.8 | +0.0 | +0.0 | +0.0 |
| 2025 | +2.5 | -8.0 | -2.6 | +5.4 | +0.0 | -1.7 | +6.0 | -1.6 | +1.7 | -0.8 | +45.1 | -2.3 |
| 2024 | +0.0 | -5.2 | +4.6 | -0.9 | +3.5 | +12.0 | -3.8 | -12.7 | +0.0 | +6.4 | -0.9 | +5.2 |
| 2023 | -1.2 | -4.8 | -8.1 | -4.8 | -10.0 | -4.0 | +12.4 | -7.4 | -2.4 | -3.3 | +1.7 | -5.0 |
| 2022 | -17.7 | -21.5 | -26.0 | +18.2 | +0.0 | +1.0 | +12.7 | -0.9 | -2.3 | -9.3 | -11.3 | -1.7 |
| 2021 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 |
| Average | +1.2 | -5.0 | -10.6 | +10.4 | -1.8 | +2.3 | +5.4 | -5.1 | -2.8 | -1.8 | +8.7 | -0.9 |
| ASPI average | +3.1 | -2.7 | -4.7 | +2.0 | +0.2 | +0.8 | +3.1 | +2.2 | +3.2 | -0.1 | +1.0 | +3.0 |
| Median | +0.0 | -5.2 | -8.1 | +5.4 | +0.0 | +1.0 | +6.0 | -3.1 | -2.3 | -2.0 | +0.4 | -2.0 |
| % up | 40% | 20% | 20% | 60% | 20% | 60% | 60% | 0% | 20% | 25% | 50% | 25% |
Fundamentals
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | Rs 2.1B +13.2% | Rs 1.8B +10.5% | Rs 1.6B +12.4% | Rs 1.5B +34.3% | Rs 1.1B |
| Operating profit | Rs -24.4M | Rs -362.2M | Rs -431.2M | Rs 433.1K -99.9% | Rs 439.9M |
| Net profit | Rs -39.0M loss narrowed | Rs -286.3M loss narrowed | Rs -293.1M fell into loss | Rs 188.2M -58.6% | Rs 454.5M |
| EPS | -0.14 | -1.01 | -1.06 | 0.68 -64.8% | 1.93 |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
- 2024 · finalRs 1.25
- 2023 · finalRs 0.35
- 2022 · finalRs 0.30
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | DIAL.N0000 | 45.20 | Rs 415.9B | 13.5 | 4.67 | 3.36 | 34.66% | 6.42% |
| 2 | SLTL.N0000 | 85.00 | Rs 153.4B | 12.4 | 1.45 | 6.84 | 11.62% | 0.88% |
| 3 | PKME.N0000 | 154.25 | Rs 51.5B | 21.5 | 11.52 | 7.19 | 53.65% | 2.79% |
| 4 | HBS.N0000 · this company | 22.40 | Rs 6.4B | - | 6.00 | -0.14 | -3.79% | 0.00% |
| 5 | KPHL.N0000 | 17.70 | Rs 2.9B | 252.9 | 3.39 | 0.07 | 1.45% | - |
| 6 | ECL.N0000 | 15.00 | Rs 1.8B | 48.4 | 3.32 | 0.31 | 7.39% | 0.00% |
| Sector median · 6 companies | - | - | 21.5 | 4.03 | - | - | 0.88% |
About hSenid Business Solutions Plc
hSenid Business Solutions PLC is an indigenous multinational provider of human resource technology and services, specialising in human resource information systems (HRIS), human resource outsourcing and employee tracking/access control. The company's core HCM offering is marketed under the PeoplesHR brand, a suite of human capital management software available in both Cloud and On‑Premise formats. Beyond its Cloud and On‑Premise HCM products, the company provides PeoplesHR Tracking for employee tracking solutions and PeoplesHR Outsourcing for managed HR services, and also derives non‑core revenues from mobile software, staffing solutions and the PeoplesHR Marketplace. It operates across Sri Lanka, South Asia, Southeast Asia and MEA regions and has delivered large-scale public sector HCM implementations, including a multi‑phase deployment for the Government of Uganda.
AI analysis
neutralhSenid has returned to quarterly profitability, but the recovery is already priced at a 143 P/E. Stronger recurring software growth must now justify the premium.
Read the full report (Aug 8, 2026) →News sentiment
Describes news flow, not a forecastNo scored news in the last 30 days.
The Sri Lanka-Nordic Business Council hosted a Members' Day and panel on "Skills, Start-ups and Innovation," with Sampath Jayasundara, CEO of hSenid Business Solutions (HBS.N0000), speaking as a panelist. The event brought Sri Lankan and Nordic business leaders together to promote collaboration in technology and entrepreneurship.
CFA Society Sri Lanka held the 13th Capital Market Awards on 10 September 2026, with Hemas Holdings Ltd. winning Gold for Best Investor Relations (Mid-to-Large Cap). hSenid Business Solutions won Small-Cap IR Gold; Sunshine Holdings (Silver) and John Keells Holdings (Bronze) were also recognised, and Softlogic received a sector-report award.
The Sri Lanka-Indonesia Business Council re-elected Sheamalee Wickramasingha as president for 2026/27 and said it will promote and facilitate inbound and outbound investment; a recent Sri Lanka-Indonesia business delegation sought commercial cooperation opportunities between firms from both countries.
The CFA Society Sri Lanka held its 13th Capital Market Awards on 10 Sept 2026; Hemas Holdings won Gold for Best Investor Relations (Mid-to-Large Cap) and hSenid Business Solutions won Gold for Best Investor Relations (Small Cap). Sunshine and John Keells took Silver and Bronze respectively; Hatton National Bank and Capital Alliance were event sponsors.
The Sri Lanka-Indonesia Business Council held its 3rd AGM and re-elected Sheamalee Wickramasingha as President. The council named an executive committee including representatives from hSenid, Amana Bank, Aitken Spence, Haycarb and Sunshine Holdings and said it will pursue closer trade and investment ties with Indonesia.
hSenid Business Solutions PLC reported Q1 FY2027 revenue of LKR 602.8 million (up 28% YoY) and a net profit of LKR 51.0 million, with recurring revenues at 75% and exit ARR of USD 5.7 million (up 26%). EBITDA excluding forex gains was LKR 81.4 million and management highlighted continued SaaS and AI-led growth execution.
Sampath Jayasundara has been appointed SLASSCOM Chairman for 2026/27; he currently serves as CEO of hSenid Business Solutions PLC (HBS.N0000). He will prioritise AI-ready workforce development, curriculum reform and entrepreneurship to boost Sri Lanka's knowledge and innovation exports.
Sampath Jayasundara, CEO of hSenid Business Solutions PLC, was elected Chairman of SLASSCOM for 2026/27 and will prioritise AI upskilling, entrepreneurship and product-led growth to help scale Sri Lanka's knowledge and innovation exports toward a $5bn target.
hSenid Business Solutions PLC proposed a new ESOP covering 3,618,580 ordinary shares (about 1.22% of enlarged issued share capital) to utilise unallocated shares from its 2022 plan; the scheme is subject to CSE and shareholder approval.
Telecom & IT sector: what is happening
Last 14 days to Sep 30, 2026ICT/BPM services exports fell 10.49% year on year to $135.10 million in August. Public-sector technology demand was signalled by the Central Bank's invitation for enterprise data solution expressions of interest, while concerns persisted that digital ID, population-register, data-exchange, government-cloud and AI projects are advancing without adequate safeguards or consultation.
The stories behind it
Auto-generated from 13 sector news articles over 14 days. Not investment advice.