Haldyn Glass reported a consolidated net profit of ₹102.59 lakh for the quarter ended June 30, 2026, a 90% increase from ₹53.96 lakh in the same period of FY25. Revenue from operations grew 21% year-on-year to ₹1,386.88 lakh, driven by higher sales volumes and improved operational efficiency. The Board of Directors also approved a significant capital expenditure plan to expand production capacity, signaling confidence in future demand.

The financial results were reviewed by the Audit Committee and approved by the Board at its meeting held on August 03, 2026. Statutory auditors KNAV & CO. LLP issued a limited review report on the unaudited standalone and consolidated financial results. The company operates under Indian Accounting Standard 34 (Ind AS 34) and complies with Regulation 33 of the SEBI Listing Regulations. The results reflect strong operational performance across its glass bottle manufacturing segment.

Financial Performance

Consolidated revenue from operations stood at ₹1,386.88 lakh in Q1FY27, compared to ₹1,150.15 lakh in Q1FY25. Total income increased to ₹1,395.74 lakh from ₹1,151.48 lakh in the prior year period. Operating expenses were managed effectively, with total expenses rising to ₹1,268.96 lakh from ₹1,095.10 lakh, primarily due to higher employee benefits and inventory changes. Profit before tax reached ₹1,346.29 lakh, up from ₹690.53 lakh in Q1FY25.

Standalone net profit was ₹92.39 lakh, up 130% from ₹40.15 lakh in Q1FY25. Standalone revenue grew to ₹1,386.88 lakh from ₹1,150.15 lakh. Basic earnings per share rose to ₹1.72 from ₹0.75 on a standalone basis. Consolidated basic EPS increased to ₹1.91 from ₹1.00.

Capacity Expansion Plan

The Board approved an investment estimated at around ₹150 crore to rebuild, modernize existing capacity, and expand production capabilities. The project aims to add approximately 75 MT of capacity within 12 months from August 03, 2026, barring unforeseen circumstances. Financing will be majorly through internal accruals with the balance via borrowings. This expansion aligns with the company’s strategy to meet growing demand for quality glass containers.

Leadership Changes

Tarun Shetty has been re-appointed as Managing Director for a three-year term starting August 16, 2026, subject to shareholder approval at the 35th Annual General Meeting. Narendra Shetty will step down as Executive Chairman on August 15, 2026, but will continue as Founder Non-Executive Chairman for three years. Both appointments require approval from members at the AGM scheduled for September 04, 2026.

Dividend Recommendation

The Board recommended a dividend of Re. 0.70 per equity share of Re. 1 face value for the financial year ended March 31, 2026. The record date for determining eligibility is fixed as August 28, 2026. This represents a 70% dividend payout ratio. Shareholders must hold the stock on the record date to receive the dividend if declared at the ensuing AGM.

Haldyn Heinz Fine Glass Private Limited, an associate of Haldyn Glass Ltd , has executed a Share Purchase & Shareholder's Agreement to acquire a 1.39% stake in Jamnagar Renewables Two Private Limited for ₹3.74 crore. The strategic acquisition is intended to facilitate the procurement of renewable power under a captive generation scheme, supporting the associate's energy requirements. The target entity is engaged in the business of generating electricity from renewable energy sources.

The transaction involves the purchase of 37,41,500 equity shares, each with a face value of ₹10, at an issue price of ₹10 per share. Jamnagar Renewables Two Private Limited is a subsidiary of Continuum Green Energy Limited and was incorporated on May 14, 2024. The company reported a turnover of ₹31.79 crore for FY 2025-26, compared to nil in the two preceding years.

The acquisition is not classified as a related party transaction, and no promoter or promoter group entities hold an interest in the target company. The deal is structured as a cash consideration and is slated for completion by the end of August 2026, subject to regulatory compliances. No specific governmental or regulatory approvals are required for this acquisition.

Jamnagar Renewables Two Private Limited operates within the power sector, specifically focusing on renewable energy. The electricity generated by the entity will be sold under a captive scheme as per the Power Consumption Agreement. The existing paid-up capital of the target company stands at ₹80.10 crore.

Transaction Details