Haldyn Glass reported a consolidated net profit of ₹1,025.90 lakh for the quarter ended June 30, 2026, marking a 90% year-on-year increase from ₹539.97 lakh in Q1FY25. The growth was fueled by a 21% rise in revenue from operations to ₹1,386.88 lakh, reflecting higher sales volumes and improved operational efficiency in its glass bottle manufacturing segment. This strong financial performance underscores robust demand for quality glass containers and validates the company’s strategic focus on capacity expansion.

The unaudited standalone and consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 03, 2026. Statutory auditors KNAV & CO. LLP issued a limited review report on the results. The company complied with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CF/FAC/62/2016 dated July 05, 2016. The results were published in newspapers including The Financial Express, Business Standard, and Sakal on August 04, 2026.

Financial Performance

Consolidated revenue from operations stood at ₹1,386.88 lakh in Q1FY27, compared to ₹1,150.15 lakh in the corresponding period of FY25. Total income increased to ₹13,957.43 lakh from ₹11,514.83 lakh. Profit before tax reached ₹1,346.29 lakh, up significantly from ₹690.53 lakh in Q1FY25. Operating expenses were managed effectively despite rising employee benefits and inventory changes, with total expenses at ₹1,268.96 lakh.

Standalone net profit was ₹923.91 lakh, up 130% from ₹401.46 lakh in Q1FY25. Standalone basic earnings per share rose to ₹1.72 from ₹0.75. Consolidated basic EPS increased to ₹1.91 from ₹1.00, while diluted EPS stood at ₹1.88 against ₹1.00 in the prior year period.

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