Hexa Tradex reported a consolidated net profit of ₹167.25 lakh for the quarter ended June 30, 2026, marking a significant turnaround from the net loss of ₹331.72 lakh recorded in the preceding quarter. The positive bottom line was primarily driven by a ₹218.28 lakh gain on the fair valuation of non-current investments, which offset operating expenses. This result highlights the company's reliance on investment performance rather than operational revenue for profitability, as core trading activities remained inactive with nil revenue from operations.

The Board of Directors approved the unaudited financial results on August 11, 2026, pursuant to Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by M/s Lodha & Co LLP, the statutory auditors. The consolidated results include the financials of its subsidiary, Hexa Securities And Finance Company Limited, whose financials were reviewed by other auditors as per regulatory requirements.

Financial Performance

The consolidated revenue from operations remained nil for the quarter, consistent with the prior year period. Total income stood at ₹0.51 lakh, derived entirely from other income. Despite zero operational revenue, the company reported total expenses of negative ₹167.15 lakh, largely due to the substantial mark-to-market gains on investments. This resulted in a profit before tax of ₹167.66 lakh. After accounting for a tax expense of ₹0.41 lakh, the net profit after tax reached ₹167.25 lakh.

In contrast, the standalone segment showed continued pressure on profitability. Revenue from operations was nil, with total income at ₹0.51 lakh. Total expenses amounted to ₹60.10 lakh, dominated by finance costs of ₹34.85 lakh and employee benefit expenses of ₹14.67 lakh. This led to a loss before tax of ₹59.59 lakh and a net loss after tax of ₹57.71 lakh, partially mitigated by a deferred tax credit of ₹1.88 lakh.

Segment and Balance Sheet Details

The company operates through two primary segments: trading and other activities, and investment and finance. In the consolidated statement, the investment and finance segment contributed ₹215.06 lakh to segment results, while the trading segment reported a loss of ₹25.25 lakh. Total segment assets rose to ₹5,64,549.50 lakh from ₹5,32,089.33 lakh in the previous quarter, driven by an increase in investment and finance assets to ₹5,64,267.68 lakh.

Total comprehensive income for the consolidated entity was ₹27,783.77 lakh, significantly higher than the net profit due to other comprehensive income items. These included a gain of ₹32,223.46 lakh on the fair valuation of non-current investments, net of tax effects. The net worth increased to ₹4,89,335.01 lakh on a consolidated basis and ₹4,03,090.96 lakh on a standalone basis.

What the Numbers Show

The divergence between standalone and consolidated results highlights the company's reliance on investment performance for overall profitability. While the standalone operations continue to incur losses due to high finance costs relative to negligible revenue, the consolidated bottom line is rescued by substantial unrealized gains on investments. This pattern suggests that the core trading business remains inactive or minimal, with financial health currently dependent on the valuation of its investment portfolio rather than operational cash flows.

Corporate Developments

Hexa Tradex Limited noted that the delisting of its equity shares, initiated by acquirers, has been substantially completed. Payments have been made to all shareholders who offered their shares under the process. The final application for delisting has been filed with the BSE and NSE and is pending approval. The figures for the quarter ended March 31, 2026, are balancing figures between audited annual figures and published nine-month unaudited figures.

Hexa Tradex Limited shareholders approved the audited standalone and consolidated financial statements for the year ended March 31, 2026, during the company's 15th Annual General Meeting held on June 24, 2026. The meeting, convened at the registered office in Kosi Kalan, Uttar Pradesh, saw the re-appointment of key statutory auditors and the authorization of material related party transactions for the upcoming financial year.

The board proposed the re-appointment of M/s Lodha & Co LLP as statutory auditors for a second term of five consecutive years, commencing from the conclusion of this AGM until the conclusion of the 20th AGM in 2031. Additionally, Dr. Vinita Jha was re-appointed as an Independent Director for a second term of five years effective from June 25, 2026. Mr. Naresh Kumar Agarwal was also re-appointed as a Director, liable to retire by rotation.

Shareholders granted approval for material related party transactions with Siddeshwari Tradex Private Limited and Jindal Saw Limited. The resolutions authorize the company to enter into contracts or arrangements with these related parties for an aggregate amount of up to Rs 30 Crores during the financial year 2027-28, excluding taxes, duties, or charges. These transactions are to be conducted at arm's length and in the ordinary course of business.

The voting results, scrutinized by Shri Awanish K Dwivedi of M/s Awanish Dwivedi & Associates, indicated strong shareholder support for the management's proposals. The facility for remote e-voting was available from June 21, 2026, to June 23, 2026, with poll voting conducted during the meeting.

Voting Results Summary

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE750M01017/3c43ecfb04d246bb.pdf