Him Teknoforge Limited reported a net profit of ₹4.15 crore for the quarter ended June 30, 2026, up 44.3% from ₹2.87 crore in the same period of FY25. Revenue from operations rose 17.5% year-on-year to ₹118.28 crore, reflecting steady demand in its auto components segment. The company also disclosed a significant expansion in gross margins, which widened by 333 basis points to 50.6%, driving an 11.2% quarter-on-quarter rise in earnings before interest and taxes (EBITDA) to ₹13.87 crore.

The Board of Directors approved the re-appointment of Mr. Rajiv Aggarwal as Joint Managing Director for a three-year term effective August 14, 2026. The unaudited financial results were reviewed by PRA Associates, the statutory auditors, who confirmed compliance with Ind AS 34 and SEBI Listing Regulations.

Financial Performance

The company’s total income stood at ₹118.78 crore, compared to ₹101.75 crore in Q1FY25. While revenue growth was robust, total expenses increased by 16.0% to ₹113.28 crore. Key cost drivers included:

• Cost of materials consumed: Rose 18.2% YoY to ₹65.08 crore
• Employee benefits: Increased 17.3% YoY to ₹15.73 crore
• Finance costs: Jumped 27.0% YoY to ₹5.57 crore

Profit before tax reached ₹5.50 crore, up from ₹3.79 crore in the prior year. Total tax expense amounted to ₹13.53 crore, comprising current tax of ₹10.06 crore and deferred tax of ₹3.47 crore.

Revenue Composition

Domestic sales accounted for 85.0% of total revenue in Q1FY27, up from 82.2% in Q1FY26, while direct and indirect exports declined to 15.0% from 17.8%. Segment-wise, tractor and agricultural implements contributed 54% of revenue, increasing from 51% in the previous year. Commercial vehicles saw a slight dip to 34% from 39%, while the 'Others' category rose to 12% from 10%.

What the Numbers Show

The divergence between revenue growth (17.5%) and profit before tax growth (45.3%) indicates improved operating leverage during the quarter. Despite higher input costs and finance expenses, the company expanded its pre-tax margin significantly. Other income declined 52.1% YoY to ₹0.50 crore, suggesting that the profit acceleration was primarily operational rather than driven by non-recurring gains. The expansion in gross margin to 50.6% highlights successful cost discipline and efficiency improvements in manufacturing.

Fund Utilization Update

The company disclosed full utilization of ₹28.69 crore raised through share warrants as on June 30, 2026. A deviation of ₹10.00 lakh was noted in capital expenditure allocation, with funds shifted to working capital purposes. This variation, within 10% of the original object, was previously disclosed in shareholder notices dated August 5, 2024, and received no comment from the audit committee or auditors.

Him Teknoforge has disclosed the creation of a pledge over 5,00,000 equity shares, representing 4.84% of its total shareholding, in favour of SBICAP Trustee Company Limited. The pledge serves as security for financial facilities availed by the company from a consortium of banks, with State Bank of India acting as the Lead Bank. This regulatory filing indicates that the existing pledge, originally created in favour of State Bank of India, has been transferred to SBICAP Trustee Company Limited in its capacity as Security Trustee. There is no change in the aggregate number of shares pledged or the percentage of shareholding pledged by the promoters.

The disclosure was made pursuant to Regulation 7(2) and Regulation 7(3) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Himanshu Kalra, Company Secretary & Compliance Officer of Him Teknoforge Limited, submitted the intimation to BSE Limited on August 12, 2026. The company confirmed that relevant disclosures have also been made under XBRL Mode.

Pledge Details by Promoter Group Member

The aggregate pledge of 5,00,000 equity shares comprises contributions from individual members of the promoter group. Rajiv Aggarwal pledged 4,00,000 equity shares, while Vinod Aggarwal pledged 1,00,000 equity shares. Both transactions were recorded as pledges of equity shares under the SEBI PIT Regulations.

Rajiv Aggarwal holds a total of 9,90,306 equity shares, representing 9.59% of the total shareholding. Vinod Aggarwal holds 6,39,854 equity shares, representing 6.19% of the total shareholding. The pledge transactions did not alter their total holding percentages, as the shares remain held by them but are encumbered.

Regulatory Compliance and Trustee Role

SBICAP Trustee Company Limited, a group company of State Bank of India, acts solely as a Security Trustee, Debenture Trustee, or Share Pledge Trustee. It does not lend money or provide security to lenders but holds the created security for the benefit of debenture holders or lenders as per transaction documents. In case of default, SBICAP Trustee Company Limited is required to enforce the security based on instructions from the lenders.

The disclosures were submitted on August 8, 2026, by Rajiv Aggarwal and Vinod Aggarwal individually under Regulation 7(2) read with Regulation 6(2). The consolidated intimation by the company was filed on August 12, 2026. No trading in derivatives on the securities of the company by these connected persons was reported during the period.