Hindustan Agrigenetics returns to profitability in FY26
Hindustan Agrigenetics Limited returned to profitability in FY26 with a net profit of ₹13.42 lakh, compared to a net loss of ₹30.50 lakh in the previous year, driven by increased other income and lower expenses. The board approved the audited standalone financial results for the year ended March 31, 2026, and appointed Mr. V. R. Sridharan as internal auditor for FY27. M/s. Anant Rao & Mallik issued an unmodified audit opinion on the financial statements.
*this image is generated using AI for illustrative purposes only.
Hindustan Agrigenetics Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹13.42 lakh against a net loss of ₹30.50 lakh in the previous year. The turnaround was driven by a significant increase in other income, which rose to ₹100.82 lakh from ₹75.99 lakh in FY25, and a reduction in total expenses to ₹91.51 lakh from ₹114.80 lakh. The board approved the audited standalone financial results for the quarter and year ended March 31, 2026, at its meeting held on May 30, 2026.
Financial Performance
For the quarter ended March 31, 2026, the company reported a net loss of ₹41.22 lakh, widening from a loss of ₹4.40 lakh in the preceding quarter ended December 31, 2025. Revenue from operations remained nil for the quarter and the full year, with total revenue for FY26 standing at ₹105.15 lakh, up from ₹83.70 lakh in the prior year. The company recorded an exceptional item of ₹13.32 lakh as profit on the sale of agricultural land during the year.
| Particulars | Year Ended 31-03-2026 (₹ in Lacs) | Year Ended 31-03-2025 (₹ in Lacs) |
|---|---|---|
| Total Revenue | 105.15 | 83.70 |
| Total Expenses | 91.51 | 114.80 |
| Profit/(Loss) Before Tax | 26.96 | (30.77) |
| Net Profit/(Loss) | 13.42 | (30.50) |
| Earnings Per Share (Basic) | 0.30 | (0.69) |
Board Decisions
The board appointed Mr. V. R. Sridharan, a Chartered Accountant, as the internal auditor of the company for the financial year 2026-27, effective from May 30, 2026. The appointment was made in compliance with SEBI regulations regarding the disclosure of auditor profiles. The meeting, which commenced at 3:00 PM and concluded at 4:00 PM, also reviewed the financial results recommended by the Audit Committee.
Auditor's Report
M/s. Anant Rao & Mallik, Statutory Auditors, issued an unmodified audit opinion on the standalone financial statements for FY26. The auditors confirmed that the results give a true and fair view of the net loss for the quarter ended March 31, 2026, and the net profit for the year ended March 31, 2026. The financial statements were prepared in compliance with the Indian Accounting Standards (Ind AS) and SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
Historical Stock Returns for Hindustan Agrigenetics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.03% | +6.95% | -0.54% | -16.58% | -36.14% | +88.19% |
How does the company plan to resume revenue from operations given that it remained nil for the full year?
Is the profit from the sale of agricultural land a one-time event, or are there more such asset sales planned?
What specific measures led to the reduction in total expenses, and can these cost controls be sustained?
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