Hariyana Ventures reported a narrowed net loss of ₹4.18 lakh for the quarter ended June 30, 2026 (Q1FY27), compared to a net loss of ₹5.10 lakh in the same period last year. The Nagpur-based trading firm recorded nil revenue from operations for the third consecutive quarter, with total income restricted to ₹1.43 lakh from other income sources. This performance reflects a continued absence of core trading activity, as the company operates solely in the iron and steel segment.

The Board of Directors, led by Managing Director Harish Gangaram Agrawal, approved the unaudited standalone financial results on July 29, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors Manish N. Jain & Co., Chartered Accountants. The filing complies with Regulations 30, 33, and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was published in newspapers on July 30, 2026.

Financial Performance

The company’s total income stood at ₹1.43 lakh in Q1FY27, a significant decline from ₹60.03 lakh in Q4FY26, which included ₹57.00 lakh in revenue from operations. In Q1FY27, revenue from operations was nil, while other income contributed ₹1.43 lakh. Total expenses amounted to ₹7.03 lakh, primarily driven by other expenses of ₹6.10 lakh and depreciation and amortization of ₹0.92 lakh. Finance costs were minimal at ₹0.01 lakh.

The profit before tax stood at a loss of ₹5.59 lakh, improved by a deferred tax benefit of ₹1.41 lakh to arrive at the net loss of ₹4.18 lakh. For the full fiscal year FY27, the company reported a net profit of ₹44.63 lakh, driven largely by the strong performance in Q4FY26.

What the Numbers Show

The financial data reveals a stark divergence between operational activity and profitability drivers. While the full-year FY27 showed a net profit of ₹44.63 lakh, this was almost entirely attributable to the fourth quarter, which saw ₹57.00 lakh in revenue. The first three quarters of FY27, including Q1FY27, generated no operational revenue.

Furthermore, the company’s comprehensive income picture is significantly influenced by fair value gains on equity investments. In Q1FY27, the net fair value gain on equity instruments through Other Comprehensive Income (OCI) was ₹0.22 lakh, compared to a massive gain of ₹36.44 lakh in Q1FY26. This suggests that while operational trading has stalled, investment portfolio movements continue to impact the broader financial position, albeit at a much lower magnitude than seen in the prior year.

Hariyana Ventures Limited held its Board of Directors meeting on May 09, 2026, at its registered office in Nagpur, Maharashtra. The board considered and approved the standalone audited financial results for the quarter and full year ended March 31, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditor, M/s Manish N Jain & Co., Chartered Accountants, issued an unmodified opinion on the financial results. The meeting commenced at 04:15 P.M. and concluded at 04:45 P.M. Subsequently, the company informed BSE Ltd. that the audited financial results were published in "Active Times" (English) and "Mumbai Lakshadeep" (Marathi) on May 10, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Harish Gangaram Agrawal, Managing Director (DIN: 00291083).

Financial Performance Overview

Hariyana Ventures delivered a strong turnaround in its financial performance for FY26, swinging from a loss to profitability. The company's revenue from operations grew to ₹75.69 lakhs for the full year, compared to ₹50.57 lakhs in the previous year. Total income for FY26 stood at ₹82.27 lakhs against ₹59.39 lakhs in the prior year. The following table summarises the key financial metrics:

For the full year FY26, the company reported a Profit After Tax (PAT) of ₹44.63 lakhs, a significant turnaround from a net loss of ₹32.60 lakhs in FY25. Total comprehensive income for FY26 stood at ₹74.83 lakhs, compared to a loss of ₹28.59 lakhs in the prior year. Basic and diluted earnings per share (EPS) for FY26 improved to ₹7.69, against a loss per share of ₹5.62 in FY25.

Balance Sheet Highlights

The company's financial position strengthened considerably during FY26. Total assets grew to ₹246.43 lakhs as of March 31, 2026, from ₹230.51 lakhs a year earlier. Equity improved markedly, with other equity rising to ₹184.93 lakhs from ₹108.68 lakhs, reflecting the profitability achieved during the year. Cash and cash equivalents surged to ₹71.85 lakhs from ₹6.89 lakhs, underpinned by strong operating cash generation.

Non-current borrowings were fully repaid during FY26, declining from ₹49.98 lakhs to nil, reflecting a significant deleveraging of the balance sheet. Total current liabilities also reduced sharply to ₹3.45 lakhs from ₹13.80 lakhs.

Cash Flow Summary

The company generated robust cash flows from operations during FY26. Net cash generated from operating activities stood at ₹111.23 lakhs, a sharp reversal from a net outflow of ₹120.48 lakhs in FY25. Net cash from investing activities was ₹4.36 lakhs, while financing activities resulted in a net outflow of ₹50.63 lakhs, primarily on account of repayment of non-current borrowings. The net increase in cash and cash equivalents for the year was ₹64.96 lakhs.

Internal Auditor Appointment

At the same board meeting, the directors approved the appointment of M/s Shubham Bajhal & Associates, Chartered Accountants, as the Internal Auditor of the company for the financial year 2026-27, pursuant to Section 138 of the Companies Act, 2013. The firm's scope covers tax audits, statutory audits, GST and direct taxation, internal controls, MIS reporting, and project finance advisory. The board confirmed that there is no relationship between the appointed firm and any of the company's directors.

The financial results were reviewed and recommended by the Audit Committee prior to board approval. The company also confirmed, via a declaration under Regulation 33(3)(d), that the statutory auditor's report carries an unmodified opinion. Additionally, the company stated that there has been no deviation or variation in the use of public issue proceeds, rendering the Statement of Deviation(s) or Variation(s) under Regulation 32 not applicable.